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Property profile & analytics
FOR LEASE
Commercial real estate

1120 Lake Air Dr Waco, TX 76710

12,936 SF 1.35 ac lot Built 2019
Entity Owned 4-yr Hold Free & Clear
Property ID
US83-0653575
Property summary
AI-generated overview

This exceptional retail property, located at 1120 Lake Air Drive in McLennan County, presents a prime leasing opportunity for a variety of businesses. Built in 2019, the building boasts a total of 12,936 square feet, with 5,500 square feet currently available as shell space. This adaptable space is ideal for retail, office, or medical uses and can be divided to accommodate specific tenant needs. The property features a modern and attractive design, abundant natural light, and a spacious, versatile floor plan creating a professional atmosphere. Convenience is key with ample pull-up parking directly in front of the building, ensuring easy access for customers and employees. Situated within a vibrant retail corridor, this location guarantees maximum visibility and exposure to a high volume of traffic. The property offers competitive rental rates and a significant tenant improvement allowance of $30 per square foot, making it an attractive investment for prospective tenants. This is a rare opportunity to secure a well-located, modern retail space in a thriving commercial area. The property's design and location combine to create an ideal environment for businesses seeking high visibility and convenient access. Don't miss this chance to establish your business in this desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2019
Construction STEEL FRAME
Total area 12,936 SF
Lot 1.35 ac (58,980 SF)
APN 480096010048000
UPID US83-0653575
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
  • Bear Braces Dental Office
  • Dr. Steven Machicek Dental Office
  • Trek Bicycle Waco (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.53M
Blend (final) Blend
$1.60M
Owner & transaction history
Shamrock Royalty LP · 4 yrs held
Shamrock Royalty LP
since 2022
3 recorded transactions
2022
Price N/A
2020
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $2.1M +115.8%
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More about this property
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