Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    35 Frontage Rd West, TX 76691

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    35 Frontage Rd West, TX 76691

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 35 Frontage Rd

    Property type
    Land

    Description

    This exceptional 2.3-acre commercial land parcel presents a unique investment opportunity in the vibrant Waco submarket. Strategically located on N Interstate 35 Frontage Road in West, Texas (zip code 76691), this property boasts unparalleled visibility and accessibility. With direct frontage to IH-35, it benefits from an estimated 65,000 vehicles passing daily (based on 2022 TXDOT data), ensuring maximum exposure for any commercial venture. The property is zoned R, Comm Vacant Land in McLennan County, offering flexibility for a variety of development possibilities. Situated in a thriving and expanding community, this location promises strong potential for growth and return on investment. The asking price for this exceptional property is $250,000. Its prime location, high traffic count, and flexible zoning make it an ideal site for businesses seeking maximum visibility and convenient access for customers and employees. Don't miss this chance to secure a piece of prime commercial real estate in a rapidly growing area. The property's total area is 100,405 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West
    County
    McLennan
    State
    Texas
    Longitude
    -97.0923
    Latitude
    31.8314

    Comparable in this City

    • Value Estimation by Request
      1.20 Acres

      308 College St

      Land • 1.20 Acres
      308 College St, West, TX 76691
      View Details
    • Value Estimation by Request
      2.99 Acres

      Nwq - Tmw Pkwy & I-35

      Land • 2.99 Acres
      0 Nwq - Tmw Pkwy & I-35, West, TX 76691
      View Details
    • Value Estimation by Request
      0.91 Acres

      Swc I-35 & Marable St

      Land • 0.91 Acres
      0 Swc I-35 & Marable St, West, TX 76691
      View Details
    • Value Estimation by Request
      30.76 Acres

      I-35

      Multifamily properties • 30.76 Acres
      0 I-35, West, TX 76691
      View Details
    • Value Estimation by Request
      14.48 Acres

      24387 I-35

      Land • 14.48 Acres
      24387 I-35, West, TX 76691
      View Details
    • Value Estimation by Request
      84.11 Acres

      Hlavenka Rd

      Farms • 84.11 Acres
      0 Hlavenka Rd, West, TX 76691
      View Details

    Similar Nearby for Sale

    • $420,000
      10.00 Acres

      10 Acre Tract Near West

      10 acre tract with metal building near West, Texas.
      Tbd Tokio Rd, West, TX 76691
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Nwq - Tmw Pkwy & I-35, West, TX 76691
      View Details
    • Contact for pricing

      Land For Sale West, TX

      Land available for sale in West, Texas.
      458 Bluhm Rd, West, TX 76691
      View Details
    • $1,632,950

      Land at Interstate 35

      Land available at the intersection of I35 and Wiggins Road.
      18201 N Interstate 35, West, TX 76691
      View Details
    • $466,560
      38.88 Acres

      West Texas Ag Land - 38 Acres

      Prime agricultural land, ag-exempt taxes, West ISD.
      0 Tbd Trlica Rd, West, TX 76691
      View Details
    • $234,900
      12.94 Acres

      12.94 Acres of Unimproved Land

      12.94 acre tract in West, TX, water and electric available.
      1 Leroy Pkwy, West, TX 76691
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    35 Frontage Rd
    West, TX 76691
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!