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Property profile & analytics
OFF-MARKET
Commercial real estate
1220 Elm Ave Waco, TX 76704-3104
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3862412
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1935
Construction
BRICK
Total area
1,531 SF
Lot
0.25 ac (10,846 SF)
Zoning code
C-3
APN
480107000016006
UPID
US82-3862412
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Roderick Courtney · 10 yrs held
Roderick Courtney
since 2015
5 recorded transactions
Zoning & alternative use
C-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$912
Tax year 2022
Assessed value
$40,680
Assessed 2023
Previous assessed
$40,680
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$19,520
Assessed improvement
$21,160
Land market value
$19,520
Improvement market value
$21,160
Total market value
$40,680
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1935
Construction
BRICK
Heating
FLOOR/WALL FURNACE
Cooling
EVAPORATIVE
Stories
1
Total area
1,531 SF
Lot
0.25 ac (10,846 SF)
Zoning code
C-3
APN
480107000016006
UPID
US82-3862412
Jurisdiction
MCLENNAN
Zoning & alternative use
C-3 · Waco, TX
Zoning C-3 · permitted uses
C-3 · 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.
Building & site characteristics
From public records
Year built
1935
Construction
BRICK
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Roderick Courtney
Individual
Free & Clear · 10 yrs held
Mailing address
1317 RENICK ST, WACO, TX 76704-3134
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2015
—
Roderick Courtney
Mathis,robert & Della V
Grant Deed
related
—
Aug 20, 2015
—
Robert Mathis
Fidelity Bk Of Tx
Grant Deed
related
—
Apr 7, 2015
—
Roderick Courtney
Mathis Robert & Della V
Warranty Deed
$16,000 · Robert & Della V Mathis
—
—
Roderick Courtney
—
Deed Of Trust
related
$9,037 · Robert & Della V Mathis
—
—
Robert Mathis
—
Deed Of Trust
related
$3,945 · Tax Rescue LP
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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