2425 Market Place Dr Waco, TX 76711
This exceptional 3.338-acre commercial land parcel presents a remarkable development opportunity in a thriving area of Waco, Texas. Located at 2425 Marketplace Drive, this C2-zoned property boasts convenient access to major highways, ensuring excellent visibility and accessibility. Utilities are readily available at or near the site, streamlining the development process. The property's strategic location places it in close proximity to a wealth of amenities, including Cabela's, Topgolf, a Cinemark movie theater, and numerous retail and dining establishments. Furthermore, its proximity to significant employment centers such as Baylor Scott White medical campus, Amazon, Tractor Supply, and Baylor University guarantees a robust and growing potential customer base. Permitted uses for this high-traffic area include hotels, multifamily residential, garden office spaces, and retail developments, offering considerable flexibility for diverse projects. With Waco's population exceeding 142,000 and experiencing rapid growth, this development site represents a compelling investment in a dynamic and expanding Texas city. The asking price for this exceptional opportunity is $895,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.