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OFF-MARKET
Industrial properties

3515 I-35 Waco, TX 76706

17,000 SF 5.53 ac lot Built 1988
Property ID
Property summary
AI-generated overview

This exceptional 17,000-square-foot flex industrial facility is situated on a 5.53-acre lot in Waco, Texas, at 3515 I-35, zip code 76706. Built in 1988, the property consists of three buildings and is zoned M-2, offering significant development potential. Its prime location off Interstate 35 provides excellent visibility and easy access to major transportation routes, including I-35 South and US Highway 84. This location offers convenient access to both Dallas and Austin, Texas, two of the state's largest metropolitan areas. The low building coverage on this expansive lot allows for flexibility in expansion, redevelopment, or customized use. Waco's thriving industrial sector, fueled by increasing demand for logistics and distribution, makes this a strong investment opportunity. The property's proximity to Baylor University further enhances its appeal, benefiting from the university's significant economic impact. This property is ideal for both investors seeking long-term growth and owner-users looking for a strategically located site for expansion or relocation. The ample space and M-2 zoning make it suitable for various commercial operations, including manufacturing and distribution. The asking price is $2,500,000, with a price per square foot of $147.06. The property is offered as a single tenancy.

Property profile
Verified
Property type Industrial properties
Year built 1988
Total area 17,000 SF
Lot 5.53 ac (240,887 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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