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    OFF-MARKET
    Land

    10 Acres At Ritchie Rd And Chapel Rd Waco, TX 76712

    10.98 ac lot
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    Property summary
    AI-generated overview

    This exceptional 10.98-acre commercial land parcel presents a remarkable investment opportunity in Waco, Texas. Strategically located at the prime intersection of Ritchie Road and Chapel Road, this property offers unparalleled visibility and accessibility. Zoned O-3: Office Limited Commercial, it boasts significant frontage on both roads: approximately 675 feet on Ritchie Road and approximately 229 feet on Chapel Road. The high traffic counts on both roads—Ritchie Road averages over 5,400 vehicles daily (TxDOT 2022) and Chapel Road over 3,100 (TxDOT 2022)—ensure maximum exposure for any business. This property is situated within a ten-mile radius of approximately 186,279 residents, providing access to a substantial customer base. The owner will subdivide the land

    Property profile
    Verified
    Property type Land
    Lot 10.98 ac (478,289 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    10 Acres At Ritchie Rd And Chapel Rd, Waco, TX, 76712
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