Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3300 Franklin Ave Waco, TX 76710

    Property Lookup

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

    3300 Franklin Ave Waco, TX 76710

    View on Map
    • Commercial real estate
    • 13,560 SF
    • 9.70 lot acres
    For Lease
    $1,610,000
    View Listing →
    Versatile Commercial Space For Lease For Lease
    $1,610,000
    3,600 SF

    Versatile Commercial Space For Lease

    3,600 SF space suitable for retail, restaurant, fitness, or service.

    3300 Franklin Ave, Waco, TX 76710
    View Listing
    Property ID
    US82-4460972
    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

    • Central Texas Casket Store / (Bike/Boat/Book/etc) Store

    Property Details for 3300 Franklin Ave

    Year built
    1959
    Construction
    CONCRETE
    Lot size
    9.70 lot acres
    Property size
    13,560 SF
    Zone code
    M3
    Property type
    Commercial real estate
    APN
    480323020003006
    APU
    480323020003006

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,604,000
      Market price range: $471k - $1.60M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,040,000
      Current use
      OFFICE BUILDING
      $2,245,000
      Change: +116% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    Mclennan
    State
    Texas
    Longitude
    -97.1564
    Latitude
    31.5322
    CBSA code
    47380
    CBSA name
    WACO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $55,061
    $1,984,680
    $471,330
    $2,456,010
    -
    $1,984,680
    $471,330
    $2,456,010

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      3715 Bosque Blvd

      COMMERCIAL (GENERAL) • 0.25 Acres
      3715 Bosque Blvd, Waco, TX 76710-5035
      View Details
    • Value Estimation by Request
      1.57 Acres

      6400 Cobbs Dr

      COMMERCIAL (GENERAL) • 1.57 Acres
      6400 Cobbs Dr, Waco, TX 76710-2571
      View Details
    • Value Estimation by Request
      0.30 Acres

      1810-1812 Vly Mls Dr, Unit 1812

      COMMERCIAL (GENERAL) • 0.30 Acres
      1810-1812 Vly Mls Dr, Waco, TX 76710-2557
      View Details
    • Value Estimation by Request
      0.11 Acres

      Waco, TX 76710

      COMMERCIAL (GENERAL) • 0.11 Acres
      Waco, TX 76710
      View Details
    • Value Estimation by Request
      16.03 Acres

      6100 10th Dr

      COMMERCIAL (GENERAL) • 16.03 Acres
      6100 10th Dr, Waco, TX 76710-4361
      View Details
    • Value Estimation by Request
      2,274 SF

      219 Castle Ave

      COMMERCIAL (GENERAL) • 2,274 SF
      219 Castle Ave, Waco, TX 76710-7207
      View Details

    Similar Nearby for Sale

    • $300,000
      0.23 Acres

      Waco Duplex Investment Opportunity

      Well-maintained duplex in Western Hills neighborhood, fully leased.
      6716 Wiethorn Dr, Waco, TX 76710
      View Details
    • $1,150,000
      0.41 Acres

      Landmark Office Building on Waco

      Prominent office building with unmatched visibility and modern amenities.
      3901 W Waco Dr, Waco, TX 76710
      View Details
    • Contact for pricing
      12,896 SF

      Waco Multifamily Property For Sale

      Renovated multifamily property in Waco, Texas, with modern upgrades.
      701 N New Rd, Waco, TX 76710
      View Details
    • Contact for pricing

      49-Unit Multifamily Property in Waco

      Value-add multifamily property with rental upside potential in Waco, Texas.
      6701 May Dr, Waco, TX 76710
      View Details
    • Contact for pricing
      19,731 SF

      Updated Office Center Near Richland Mall

      Office building near shopping, restaurants, and hospitals.
      345 Owen Ln, Waco, TX 76710
      View Details
    • Contact for pricing
      300 SF

      Corner Lot with High Visibility

      Corner lot near Waco and Castle Heights with high visibility.
      2925 Franklin Ave, Waco, TX 76710
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Richland Mall Retail Opportunity

      Large shopping center with retail and dining options available for rent.
      6001 W Waco Dr, Waco, TX 76710
      View Details
    • Contact for pricing

      Industrial Space For Lease

      Industrial space available for lease in Waco, Texas.
      401 Precision Dr, Waco, TX 76710
      View Details
    • Contact for pricing

      Professional Office Space in Waco

      Premier office complex with ample parking and professional management.
      1105 Wooded Acres Dr, Waco, TX 76710
      View Details
    • Contact for pricing
      1,786 SF

      Retail Space on Bosque Boulevard

      Retail space available for lease on Bosque Boulevard.
      5400 Bosque Blvd, Waco, TX 76710
      View Details
    • Contact for pricing
      2,970 SF

      Prime Retail Space in Waco

      High-visibility retail space in a desirable Waco shopping center.
      4330 W Waco Dr, Waco, TX 76710
      View Details
    • Contact for pricing
      2,016 SF

      High-Visibility Office Space Available

      Prime office space in Waco's established commercial corridor.
      720 Lake Air Dr, Waco, TX 76710
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3300 Franklin Ave
    Waco, TX 76710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!