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    2524 La Salle Ave Waco, TX 76706
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    2524 La Salle Ave Waco, TX 76706

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    • Grocery and convenience stores
    For Lease
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    Former 7-Eleven Retail Space For Lease
    Contact for pricing

    Former 7-Eleven Retail Space

    Retail space available for lease, formerly a 7-Eleven.

    2524 La Salle Ave, Waco, TX 76706
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    Property ID
    US82-2194148
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 2524 La Salle Ave

    Property type
    Grocery and convenience stores
    Property subtype
    Commercial real estate

    Description

    Retail | Former 7-Eleven

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1308622
    Latitude
    31.5240878

    Comparable in this City

    • $105,000
      30,797 SF

      Prime Retail Pad Site Available

      Retail pad site near Baylor and Magnolia Silos for lease.
      722 S 7Th St, Waco, TX 76706
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      2,935 SF

      Downtown Waco Two-Story Building

      Located in the heart of the Downtown Waco Silo District.
      501 S 8Th St, Waco, TX 76706
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      1,447 SF

      Retail Space in Robinson, TX

      Retail space available with strong co-tenants and on-site parking.
      311 S Robinson Dr, Robinson, TX 76706
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      Retail Center Near Baylor University

      Retail center near IH 35, Baylor, and Magnolia Silos.
      800-820 S 7Th St, Waco, TX 76706
      View Details
    • New
      $5,000 /Mo
      43,560 SF

      High-Traffic Commercial Acre in Robinson

      Acre in high-traffic area suitable for retail/restaurant/auto businesses.
      407 N Robinson Dr, Robinson, TX 76706
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      Downtown Waco Retail Spaces

      Retail spaces available in the Riverfront Development, Downtown Waco.
      600 S University Parks Dr, Waco, TX 76706
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    Similar Nearby for Sale

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      Historic Phoenix Building in Waco

      Fully leased mixed-use building with restaurant and office tenants.
      401 S 3Rd St Rd, Robinson, TX 76706
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      3,500 SF

      Retail Space in Robinson, Texas

      Retail investment opportunity in a thriving Texas community.
      636 N Robinson Dr, Robinson, TX 76706
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    • $1,500,000

      Silos Adjacent Development Opportunity

      Development property next to Magnolia Silos with historic charm.
      401 S 8Th St, Waco, TX 76706
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      New Retail Property Near Baylor

      New construction retail property near Baylor University with I-35 access.
      3032 Robinson Dr, Robinson, TX 76706
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      1,920 SF

      Robinson Commercial Tract For Sale

      1.11-acre commercial tract with office building in Robinson, TX.
      510 S Robinson Dr, Robinson, TX 76706
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    Similar Nearby for Lease

    • Contact for pricing

      Historic Downtown Phoenix Building For Lease

      Historic building suitable for restaurant, retail, office, or live/work.
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      View Details
    • Contact for pricing
      1,447 SF

      Retail Space For Rent

      Retail space available with on-site parking and signage.
      301-315 S Robinson Dr, Robinson, TX 76706
      View Details
    • Contact for pricing
      32,000 SF

      Retail Space Near Major Retailers

      Retail space shadow-anchored by H-E-B and Sam's Club.
      2500 Bellmead Dr, Waco, TX 76706
      View Details
    • Contact for pricing

      Downtown Waco Retail Spaces

      Retail spaces available in the Riverfront Development, Downtown Waco.
      600 S University Parks Dr, Waco, TX 76706
      View Details
    • $24 SF/Yr
      2,500 SF

      Retail Space Near Baylor

      Retail space with high visibility and heavy foot traffic.
      1508 Speight Ave, Waco, TX 76706
      View Details
    • Contact for pricing
      4,526 SF

      New Retail Space Available

      New construction retail space with excellent visibility and easy access.
      1011 S 10Th St, Waco, TX 76706
      View Details
    View Listing
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    Waco, TX 76706
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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