1303 Renick St Waco, TX 76704-3134
General Commercial C-3 Business and retail developments on major traffic arteries; print shops, auto sales & repair, self storage warehouses, etc. Central Commercial C-4 Mixed use district, no height limit, providing residential, office, retail, tourism and civic uses Service Commercial C-5 Mix of commercial and light industrial uses of a service nature on m…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Waco, TXGeneral Commercial C-3 Business and retail developments on major traffic arteries; print shops, auto sales & repair, self storage warehouses, etc. Central Commercial C-4 Mixed use district, no height limit, providing residential, office, retail, tourism and civic uses Service Commercial C-5 Mix of commercial and light industrial uses of a service nature on major arterial streets; heavy equipment and mobile homes sales, beverage distribution, drive- in theaters, etc. Office & Restricted Industrial M-1 High quality, high value development like a corporate headquarters Light Industrial M-2 Concentrate groups of nuisance- free uses like light manufacturing, lumber yards and warehousing General Industrial M-3 Major industries having large sites, outside open storage, noise, etc. Land Use and Zoning Changes and Special Permits When an owner wants to change the use of his property to a purpose not permitted in the current classification assigned to the property, he must apply for a change in classification. Each classification lists special uses allowed only by a special permit. An owner and/or applicant must apply for a special permit for any special use listed. Where do you start the zoning process? Applications for changes in the Comprehensive Plan land use, zoning, and special permits are submitted to Planning Services. A pre -application meeting at Waco Development Guide 32 Planning Services is suggested. All applications must be submitted through the online CSS Portal. How much does the process cost? There is a non- refundable filing fee for a zone change, special permit or land use plan changes. Land Use Designation Changes: $150.00 Zone changes: $300.00 Special Permit: $300.00 PUD Concept Plan (Zoning): $350.00 PUD Final Plan: $300.00 What information is required to start the zoning process? Complete the application process online thru CSS Portal Legal description of the property (fieldnotes if the property is not platted or if multiple zoning categories are being requested) Existing and proposed zoning categories or special use permit Existing and proposed land use designations Site plan for the proposed development (if a s pecial permit is requested) What are the special overlay zoning districts in the City of Waco? The special districts in the City of Waco include the Lake Brazos Corridor District, College and University Neighborhoods District, Neighborhood Conservation District, Airport Overlay District, West End District and the Downtown District (See
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.