500 Lake Air Dr Waco, TX 76710
- Commercial real estate
- 20,000 SF
- 1.34 lot acres
Current Use by Public Records
- The Hairitage Salon / Hair Salon
- Waco Med Spa/Uptown Hair & Wigs / Medical Spa / Weight Loss Service
- Nana African Hair Braiding / Hair Salon
Property Details for 500 Lake Air Dr
- Year built
- 1969
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.34 lot acres
- Property size
- 20,000 SF
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- 480438060065000
- APU
- 480438060065000
Description
This exceptional commercial property, "The Market at Lake Air," offers two available office suites totaling 3,652 square feet in a well-established retail center. Located in McLennan County, this Class B building boasts a highly visible location near the intersection of Valley Mills Drive and Lake Air Drive, ensuring excellent exposure for your business. Built in 1969 and renovated in 1973, the property features a total of 32,700 square feet across one building, with each of the two available suites offering a minimum of 3,652 contiguous square feet. The suites are perfect for businesses seeking a versatile and established location. The property is zoned C-2 Community Commercial, allowing for a variety of uses. This presents a unique opportunity for businesses seeking a prominent presence in a thriving commercial area. The individual suites are ideal for businesses needing space ranging from 1,802 to 3,652 square feet. The property's strategic location and ample space make it an attractive option for businesses looking to establish or expand their operations in a high-traffic area. Don't miss this chance to secure your ideal office space in this established and visible location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $705,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $830,000
- 6.5%
- $960,000
- 7%
- $865,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $885,000
- Geo Method
- $840,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $885,000
- Retail
- $880,000
- Mixed-Use
- $880,000
- Hospitality
- $870,000
- Educational
- $810,000
- Residential Income
- $1,015,000
- Energy
- $745,000
- Income-Based Land
- $880,000
- Food Service
- $795,000
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- Mclennan
- State
- Texas
- Longitude
- -97.1858
- Latitude
- 31.5241
- CBSA code
- 47380
- CBSA name
- WACO, TX METROPOLITAN STATISTICAL AREA
