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    Property profile & analytics

    901 Columbus Ave Waco, TX 76701

    • Commercial real estate
    • 1.13 lot acres
    For Sale
    View listing
    $2,000,000
    Value Estimation
    Last Sale
    Feb 03, 2020
    Location Intelligence
    Property ID
    US82-1133162
    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

    • Roman HVAC Services / Heating Equipment Supplier

    Property Details for 901 Columbus Ave

    Year built
    1981
    Lot size
    1.13 lot acres
    Zone code
    2007 TIF
    Property type
    Commercial real estate
    APN
    480159000013010
    APU
    480159000013010

    Description

    This exceptional 2.57-acre vacant land parcel, located at 901 Columbus Ave in Waco, Texas (76701), presents a remarkable investment opportunity. Boasting 111,949 square feet and a C-3 zoning designation, this property offers significant mixed-use development potential. Situated in the heart of downtown Waco, it enjoys prominent street frontage on four sides, encompassing two full city blocks. The site is ideally positioned near Baylor University, the vibrant downtown entertainment district, and the proposed Magnolia-branded hotel, capitalizing on the area's explosive growth. The property's planned development includes 100 units with ample surface parking. With a land value of $12.51 per square foot and an asking price of $2,000,000, this is a rare chance to acquire a large, strategically located development tract in one of Texas's most dynamic urban centers. The property is surrounded by new developments, underscoring its prime location and future potential. This is a truly unique opportunity for developers seeking to create a significant project in a thriving market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $320,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $340,000
      Mixed-Use
      $305,000
      Hospitality
      $295,000
      Educational
      $285,000
      Residential Income
      $360,000
      Energy
      $300,000
      Income-Based Land
      $365,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    Mclennan
    State
    Texas
    Longitude
    -97.138
    Latitude
    31.5554
    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
    $8,908
    $379,020
    $6,750
    $385,770
    -
    $379,020
    $6,750
    $385,770

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      0.25 Acres

      1225 Columbus Ave

      COMMERCIAL (GENERAL) • 0.25 Acres
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      View Details

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    901 Columbus 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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