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Property profile & analytics
FOR LEASE
Industrial properties
1001 Webster Ave Waco, TX 76706
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3790948
For Lease
1 / 34
$20 SF/Yr
1001 Webster Ave, Waco, TX 76706
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Property summary
AI-generated overview
This Class A retail property, Webster Market, located at 1001 Webster Ave, Waco, TX 76706, offers a unique opportunity for businesses seeking a vibrant downtown location. The property features a total of 54,294 square feet of retail space, encompassing both storefront and market hall options. Multiple tenancy is available, with spaces ranging from a minimum of 529 square feet to a maximum contiguous space of 9,551 square feet, providing flexibility for various business needs. The property currently consists of one building with ample on-site parking accommodating over 240 vehicles. Situated in a strategic growth corridor of downtown Waco, this location benefits from high foot traffic due to its proximity to tourism attractions and other shopping destinations, making it ideal for retail and restaurant concepts. The property's central location and abundant parking make it an attractive option for businesses seeking high visibility and convenient access for customers. This is a rare opportunity to secure retail space in a thriving downtown Waco area.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1898
Construction
STEEL FRAME
Total area
54,294 SF
Lot
1.33 ac (57,761 SF)
Zoning code
2007 TIF
APN
480280000015005
UPID
US83-3790948
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Casa Do Brasil Restaurant
-
Defense T a x Partners- Tax Relief Attorneys Tax Preparation
-
Webster Market Food Market Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.16M
Owner & transaction history
Rj Future LLC · 19 yrs held
Rj Future LLC
since 2006
3 recorded transactions
Zoning & alternative use
2007 TIF · Waco, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waco submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,575,000
Current use
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$21 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$49,243
Tax year 2022
Assessed value
$2,196,500
Assessed 2023
Previous assessed
$2,196,500
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$1,155,000
Assessed improvement
$1,041,500
Land market value
$1,155,000
Improvement market value
$1,041,500
Total market value
$2,196,500
Applied tax rate
48.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1898
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
54,294 SF
Lot
1.33 ac (57,761 SF)
Zoning code
2007 TIF
APN
480280000015005
UPID
US83-3790948
Jurisdiction
MCLENNAN
Zoning & alternative use
2007 TIF · Waco, TX
Zoning 2007 TIF · permitted uses
2007 TIF · Waco, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1898
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Rj Future LLC
Entity
Free & Clear · 19 yrs held
Mailing address
2223 AUSTIN AVE STE C, WACO, TX 76701-1659
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2020
—
Rj Future LLC
—
Deed Of Trust
related
$4,000,000 · Central Nat'l Bk
Aug 28, 2006
—
Rj Future LLC
Owner,record
Grant Deed
related
—
—
—
R J Future LLC
—
Loan Modification
related
$370,000 · Central Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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