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

    1001 Texas Central Pkwy Waco, TX 76712-6508

    • Industrial properties
    • 275,182 SF
    • 81.60 lot acres
    OFF-MARKET
    Value Estimations
    $1,670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3861748
    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

    • Mars Wrigley Confectionery / Manufacturer
    • Mars Wrigley Employee Parking / Corporate Office
    • Industrial Rigging @MARS / Mechanical Contractor

    Property Details for 1001 Texas Central Pkwy

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    81.60 lot acres
    Property size
    275,182 SF
    Zone code
    M1
    Property type
    Industrial properties
    APN
    360407040018001
    APU
    360407040018001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,025,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,314,000
      Market price range: $2.31M - $8.79M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    Mclennan
    State
    Texas
    Longitude
    -97.1986
    Latitude
    31.4915
    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
    $3,728
    $2,843,590
    $0.00
    $2,843,590
    -
    $2,843,590
    $0.00
    $2,843,590

    Comparable in this City

    • Value Estimation by Request
      2.50 Acres

      5101 Highway 6

      Land • 2.50 Acres
      5101 Highway 6, Woodway, TX 76712
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    • Value Estimation by Request

      Woodway, TX 76712

      INDUSTRIAL (GENERAL)
      Woodway, TX 76712
      View Details
    • Value Estimation by Request

      2101 Texas Central Pkwy

      INDUSTRIAL (GENERAL)
      2101 Texas Central Pkwy, Waco, TX 76712-6984
      View Details
    • Value Estimation
      $585,000
      15.00 Acres

      7601 Mars Dr

      INDUSTRIAL (GENERAL) • 15.00 Acres
      7601 Mars Dr, Waco, TX 76712-6619
      View Details
    • Value Estimation
      $1,795,000
      140,899 SF

      6401 Imperial Dr

      INDUSTRIAL (GENERAL) • 140,899 SF
      6401 Imperial Dr, Waco, TX 76712-6803
      View Details
    • Value Estimation
      $1,190,000
      67,850 SF

      7000 Imperial Dr

      INDUSTRIAL (GENERAL) • 67,850 SF
      7000 Imperial Dr, Waco, TX 76712-6816
      View Details

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      152.71 Acres

      152 Acres Waco Industrial Land

      Prime Waco location, divisible land, build-to-suit.
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      3 SF

      Lake Waco Business Park Land

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      60,765 SF

      Waco Warehouse with Expansion Potential

      60,765 SF warehouse with expansion and ample parking.
      2701 Texas Central Pkwy, Waco, TX 76712
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      72,360 SF

      6805 Imperial: Prime Industrial Space

      McLennan County warehouse, flexible space available.
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      12,500 SF

      Highway 6 Warehouse Space Available

      Warehouse space with yard areas and highway visibility for lease.
      5496 N State Highway 6, Woodway, TX 76712
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    • $10 SF/Yr
      7,500 SF

      Woodway Flex Space Available

      7,500 SF flex space with full conditioning for lease.
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    • $9 SF/Yr
      60,765 SF

      Warehouse/Distribution Facility with Expansion Potential

      60,765 SF warehouse/distribution facility on 9.8 acres available 2Q 2025.
      2701 Texas Central Pkwy, Waco, TX 76712
      View Details
    • Contact for pricing
      20,000 SF

      Babgy Avenue Warehouse Space Available

      Modern warehouse, flexible space, immediate occupancy.
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    • Contact for pricing
      20,000 SF

      New Industrial Space Near I-35

      New industrial space with easy access to major Waco roads.
      5759 Bagby Ave, Waco, TX 76712
      View Details
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    1001 Texas Central Pkwy
    Waco, TX 76712-6508
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    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
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