Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    340 Ww Way Waco, TX 76706

    • Industrial properties
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9885521
    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

    • Industrial properties

    Property Details for 340 Ww Way

    Lot size
    0.03 lot acres
    Property type
    Industrial properties
    APN
    480376050009010
    APU
    480376050009010

    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
    -97.1801
    Latitude
    31.5067
    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
    2023
    $0.00
    $8,590
    $0.00
    $8,590
    -
    $8,590
    $0.00
    $8,590

    Comparable in this City

    • Value Estimation by Request
      68.99 Acres

      1301 Greig Dr

      INDUSTRIAL (GENERAL) • 68.99 Acres
      1301 Greig Dr, Waco, TX 76706
      View Details
    • Value Estimation
      $990,000
      31,997 SF

      3630 Interstate 35th S

      INDUSTRIAL (GENERAL) • 31,997 SF
      3630 Interstate 35th S, Waco, TX 76706-3755
      View Details
    • Value Estimation by Request
      7,300 SF

      703 Robinson Dr

      INDUSTRIAL (GENERAL) • 7,300 SF
      703 Robinson Dr, Robinson, TX 76706-5623
      View Details
    • Value Estimation by Request
      6,711 SF

      306 Robinson Dr

      INDUSTRIAL (GENERAL) • 6,711 SF
      306 Robinson Dr, Robinson, TX 76706-5310
      View Details
    • Value Estimation
      $925,000
      69,368 SF

      2025 Webster Ave, Unit 2123

      INDUSTRIAL (GENERAL) • 69,368 SF
      2025 Webster Ave, Waco, TX 76706-2733
      View Details
    • Value Estimation by Request
      704 SF

      2701 Marlin Hwy

      INDUSTRIAL (GENERAL) • 704 SF
      2701 Marlin Hwy, Waco, TX 76706
      View Details

    Similar Nearby for Sale

    • $395,000

      Downtown Waco Redevelopment Opportunity

      Industrial warehouse in downtown Waco, poised for redevelopment.
      501 S 11Th St, Waco, TX 76706
      View Details
    • Contact for pricing
      12,468 SF

      Industrial Property on IH 35

      Industrial property with fenced yard, great access, and visibility.
      3325 Interstate 35 S, Waco, TX 76706
      View Details
    • $2,150,000

      Retail/Entertainment Space in Silos District

      13,450 SF retail/entertainment space in Waco's Silos District.
      910 Webster Ave, Waco, TX 76706
      View Details
    • Contact for pricing
      13,450 SF

      Downtown Waco Retail/Entertainment Space

      Retail/entertainment space with warehouse and adjacent vacant lot.
      910 Webster Ave, Waco, TX 76706
      View Details
    • $5,250,000

      Robinson Industrial Property For Sale

      Well-maintained industrial property in Robinson, TX, ideal for warehousing.
      1009 S Robinson Dr, Waco, TX 76706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,685 SF

      Waco Warehouse with Outdoor Storage

      Warehouse property with ample outdoor storage and easy truck access.
      1601 La Salle Ave, Waco, TX 76706
      View Details
    • $10 SF/Yr

      Office Warehouse Space For Lease

      Office warehouse space with fenced yard, great visibility, high traffic.
      710 S Robinson Dr, Robinson, TX 76706
      View Details
    • $14 SF/Yr

      Robinson Flex Space with Warehouse

      Flex space with warehouse, easy access, and highway frontage.
      405 N Robinson Dr, Robinson, TX 76706
      View Details
    • Contact for pricing
      19,627 SF

      Robinson Drive Warehouse Space Available

      Warehouse space with frontage and proximity to major transportation routes.
      2324 Robinson Dr, Waco, TX 76706
      View Details
    • $9 SF/Yr
      11,875 SF

      Robinson Warehouse with Shipping Docks

      Industrial warehouse featuring shipping docks and office space.
      1009 S Robinson Dr, Robinson, TX 76706
      View Details
    • Contact for pricing

      Climate-Controlled Flex Space Available

      25,202+/- SF climate-controlled flex space for lease in Waco, TX.
      3700 S Ih 35, Waco, TX 76706
      View Details
    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.
    340 Ww Way
    Waco, TX 76706
    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!