1822 Ritchie Rd Waco, TX 76712
This exceptional 10-acre commercial property, located at 1822 Ritchie Road in Woodway, Texas (zip code 76712), presents a unique investment opportunity in McLennan County's rapidly expanding residential sector. The 1,678 square foot existing retail building sits on a level building site with prime road frontage on Ritchie Road. Utilities are available. The property's zoning would require a change to accommodate various development options, including a zero-lot line retirement community, a storage facility, or duplex construction. This location offers significant potential for developers seeking to capitalize on the high demand for residential projects in the thriving Waco, Texas market. The asking price is $1,960,200. This property offers a rare chance to participate in the dynamic growth of Waco's real estate landscape. Its strategic location and expansive size make it an ideal platform for a variety of lucrative development ventures. Don't miss this chance to secure a prime piece of land in a high-growth area.
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.