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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3208 Robinson Dr Waco, TX 76706

    • Commercial real estate
    • 0.36 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1454932
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3208 Robinson Dr

    Lot size
    0.36 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.361-acre commercial land parcel in Waco, Texas, presents a remarkable development opportunity. Located at 3208 Robinson Dr, in McLennan County, zip code 76706, this property boasts approximately 138 feet of frontage on Highway 77, offering excellent visibility and accessibility. The asking price is $110,000. Situated less than a mile from the intersection of I-35 and Highway 6, this location benefits from high traffic volume and convenient access to major transportation arteries. The 2022 average daily traffic count (VPD) for this area was 9,649 vehicles. The property is zoned O-3, permitting a diverse range of development options, including duplexes, offices, retail spaces, townhouses, and more. Importantly, this site is not located within a flood zone, minimizing development risks. This is an ideal location for investors seeking a high-potential development project in a thriving Texas market. The latitude and longitude coordinates are 31.50808397161975 and -97.12762530198407 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.127625301984
    Latitude
    31.50808397162

    Comparable in this City

    • Contact for pricing
      33.92 Acres

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      0 33.92 Acres Robinson Industrial Park, Robinson, TX 76706
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    • $250,000

      Camden Ave Medical Office Space

      Prime Winthrop location, 3516 sq ft, single tenant.
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      14.98 Acres

      14.98 Acres Robinson, TX Land

      Prime Commercial/Residential Land
      0 Woodcock Dr, Robinson, TX 76706
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      Waco Student Housing Investment Opportunity

      Eight-unit, 24-bedroom student complex near Baylor.
      2007 15Th St, Waco, TX 76706
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      77.00 Acres

      77 Acres Waco, TX Development Land

      Prime Waco land, 77 acres, near major highways.
      77 At Hwy 77, Robinson, TX 76706
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    • Contact for pricing
      77 SF

      77 Acres Near IH35

      77 acres of commercial land located near IH35.
      77 Waco Dr, Waco, TX 76706
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33.92 Acres

      Robinson Industrial Park Land

      Prime Waco Industrial Land, 33.92 Acres
      0 33.92 Acres Robinson Industrial Park, Robinson, TX 76706
      View Details
    • $250,000

      Camden Ave Medical Office Space

      Prime Winthrop location, 3516 sq ft, single tenant.
      1213 Clay Ave, Waco, TX 76706
      View Details
    • Contact for pricing
      14.98 Acres

      14.98 Acres Robinson, TX Land

      Prime Commercial/Residential Land
      0 Woodcock Dr, Robinson, TX 76706
      View Details
    • Contact for pricing

      Waco Student Housing Investment Opportunity

      Eight-unit, 24-bedroom student complex near Baylor.
      2007 15Th St, Waco, TX 76706
      View Details
    • Contact for pricing
      77.00 Acres

      77 Acres Waco, TX Development Land

      Prime Waco land, 77 acres, near major highways.
      77 At Hwy 77, Robinson, TX 76706
      View Details
    • Contact for pricing
      77 SF

      77 Acres Near IH35

      77 acres of commercial land located near IH35.
      77 Waco Dr, Waco, TX 76706
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr

      Waco Industrial Warehouse Suites

      Two suites, 26,578 SF total. Immediate occupancy.
      211 Webster Ave, Waco, TX 76706
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      123,361 SF

      2.832 Acres Available

      2.832 acres for sale, ground lease, or build-to-suit.
      2312 Interstate 35 S, Waco, TX 76706
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    • Contact for pricing

      Prime Robinson Retail Land

      3.5 Acres, Single Tenant Opportunity
      614 Robinson Dr, Robinson, TX 76706
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      I-35 Frontage Road Pads

      Two commercial land pads available for ground lease.
      1110 S 9Th St, Waco, TX 76706
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    • $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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      Waco Land: Ground Lease Opportunity

      Prime Waco location near Baylor University. High traffic, interstate visibility.
      1612 Speight Ave, Waco, TX 76706
      View Details
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    3208 Robinson Dr
    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.

    More about this property
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