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Property profile & analytics
FOR LEASE
Commercial real estate

1124 Washington Ave Waco, TX 76701

0.65 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US83-0869258
Property summary
AI-generated overview

This exceptional commercial property at 1124 Washington Avenue in Waco, Texas, offers a unique opportunity for businesses seeking versatile office space in a vibrant downtown setting. The property is zoned C-4 and features multiple tenancies, with two spaces currently available, ranging from 600 to 1,478 square feet. The building's flexible design accommodates a variety of uses, including traditional office spaces, creative office environments, studios, and personal service shops. Its central location places it amidst Waco's established downtown businesses, ensuring high visibility and excellent foot traffic. The property also provides the convenience of on-site parking, a significant advantage in a bustling urban area. This is an ideal location for businesses seeking a prominent presence in the heart of Waco, offering both accessibility and a strong sense of community. The property's diverse zoning allows for a range of business types, making it a highly adaptable and attractive investment. The available spaces provide ample room for growth and customization, catering to the specific needs of various businesses. With its combination of prime location, convenient amenities, and flexible space options, this property presents a compelling opportunity for businesses looking to establish or expand their operations in the thriving downtown Waco market. The zip code is 76701.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.65 ac (28,401 SF)
APN 480163210000000
UPID US83-0869258
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
  • Wild Roots Hair Salon
  • The Black Daisy Boutique Clothing & Fashion Store
  • Pretty Woman Aesthetics Spa & Massage Center
  • The Market @ Washington Ave Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
1124 Washington LLC · 7 yrs held
1124 Washington LLC
since 2019
2 recorded transactions
2019
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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