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    Property profile & analytics

    504 Austin Ave Waco, TX 76701

    • Commercial real estate
    • 4,020 SF
    • 0.08 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US82-2306368
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cox Guy D / Attorney

    Property Details for 504 Austin Ave

    Year built
    1930
    Construction
    BRICK
    Lot size
    0.08 lot acres
    Property size
    4,020 SF
    Zone code
    2007 TIF
    Property type
    Commercial real estate
    APN
    480153000026002
    APU
    480153000026002

    Description

    This exceptional 4,020-square-foot Class A executive office space is ideally situated in Downtown Waco's vibrant submarket. Located at 504 Austin Avenue, this single-tenant property offers a completely renovated interior (2024) within a historically significant building (1930). The property benefits from ample parking for tenants and visitors, a flexible floor plan perfect for customization, and modern amenities. Its prime location ensures high visibility and easy access to the area's amenities and businesses. The building is zoned 2007TIF within McLennan County, Texas, and boasts a highly desirable address in the heart of Waco's downtown area. This meticulously maintained property presents a unique opportunity for businesses seeking a prestigious and functional office space in a thriving urban setting. The property's size and location make it suitable for a variety of businesses seeking a prominent presence in the Waco market. The combination of historical charm and modern updates creates a sophisticated and efficient workspace. This is a rare opportunity to secure a high-quality, single-tenant office building in a highly sought-after location. The property is ready for immediate occupancy. Zip code: 76701.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $430,000
      6.5%
      $405,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $405,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $445,000
      Retail
      $460,000
      Mixed-Use
      $395,000
      Hospitality
      $430,000
      Educational
      $390,000
      Residential Income
      $360,000
      Energy
      $430,000
      Income-Based Land
      $415,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    Mclennan
    State
    Texas
    Longitude
    -97.1318
    Latitude
    31.5563
    CBSA code
    47380
    CBSA name
    WACO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,269
    $108,460
    $116,540
    $225,000
    -
    $108,460
    $116,540
    $225,000

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    Similar Nearby for Lease

    • $6 SF/Yr
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      Prime Downtown Retail Space

      Retail space in a prime downtown location.
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      Office Space with Dedicated Offices

      Office space featuring dedicated offices, conference room, and breakroom.
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      Warehouse/Showroom Space on Franklin Ave

      Warehouse/showroom space with drive-through bay doors and on-site parking.
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    504 Austin Ave
    Waco, TX 76701
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    Realmo Value Estimation

    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.

    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.

    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
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