1500 Franklin Ave Waco, TX 76701-1718
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Trautschold Millwork General Contractor Renovation Specialist
Office Industrial Flex O-1, O-2, O-3, C-1, C-2, M-1 Mixed Use Flex R-3C, R-3D, R-3E, O-1, O-2, O- 3, C-1, C-2, C-4 on Elm. Ave. only Mixed Use Core R-3D, R-3E, O-2, C-2, C-4 Industrial M-2 Institutional O-2 Open Space R-E Zoning Classifications Single Family Residential R-E, R-1A, R-1B, R-1C Single family residences, churches, schools, public buildings, golf…
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Waco, TXOffice Industrial Flex O-1, O-2, O-3, C-1, C-2, M-1 Mixed Use Flex R-3C, R-3D, R-3E, O-1, O-2, O- 3, C-1, C-2, C-4 on Elm. Ave. only Mixed Use Core R-3D, R-3E, O-2, C-2, C-4 Industrial M-2 Institutional O-2 Open Space R-E Zoning Classifications Single Family Residential R-E, R-1A, R-1B, R-1C Single family residences, churches, schools, public buildings, golf courses, parks, etc. Two Family & Attached Single Family Residential R-2 One & two family (attached) residences, most R-1 uses. Multi-Family Residential R-3A, R-3B, R-3C, R-3D, R-3E Apartments, townhouses, most R-1 and R-2 uses Office O-1 Clinics, studios and offices, plus most R-1 and R-2 uses Office/Residential O-2 High density residential and of fices uses including hospitals & colleges; no height limit Office/Limited Commercial O-3 Similar to O -1, adding restaurants & retail sales with hours of operation from 7am to 7pm Community Commercial C-1, C-2 Both allow the same uses, except C-2 does not allow alcohol; plus most high density residential uses 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 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.
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.