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Property profile & analytics
FOR SALE
Commercial real estate
3421 Franklin Ave Waco, TX 76710
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US83-0391311
For Sale
1 / 9
$600,000
3421 Franklin Ave, Waco, TX 76710
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1957
Construction
CONCRETE BLOCKS
Total area
2,640 SF
Lot
0.35 ac (15,377 SF)
Zoning code
C-3
APN
480278000088000
UPID
US83-0391311
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Haigood Automotive Auto Repair Shop
-
Newman Emergency HVAC Service Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kirk Capital Investments LLC · 6 yrs held
Kirk Capital Investments LLC
since 2020
7 recorded transactions
Zoning & alternative use
C-3 · Waco, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waco submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,121
Tax year 2023
Assessed value
$309,720
Assessed 2024
Previous assessed
$317,640
-2.5% YoY
Effective rate
2.30%
On assessed value
Assessed land
$123,010
Assessed improvement
$186,710
Land market value
$123,010
Improvement market value
$186,710
Total market value
$309,720
Applied tax rate
48.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1957
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
REFRIGERATOR
Stories
1
Total area
2,640 SF
Lot
0.35 ac (15,377 SF)
Zoning code
C-3
APN
480278000088000
UPID
US83-0391311
Jurisdiction
MCLENNAN
Zoning & alternative use
C-3 · Waco, TX
Zoning C-3 · permitted uses
C-3 · Waco, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Kirk Capital Investments LLC
Entity
Mailing address
PO BOX 7214, WACO, TX 76714-7214
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
—
Kirk Capital Investments LLC
—
Deed
related
$3,500,000 · Alliance Bank Central Texas
Apr 9, 2020
—
Kirk Capital Investments LLC
—
Deed
related
—
Jan 10, 2020
—
Kirk Capital Investments LLC
Kirk Capital Investments LLC
Quit Claim Deed
related
—
Jan 14, 2019
—
First Natl Bk Of Mcgregor
Haigood LLC
Deed In Lieu Of Foreclosure
related
—
May 1, 2018
—
Haigood Automotive INC
—
Deed
related
$796,000 · The First National Bank Of Hebbronville
Jan 3, 2018
—
Haigood Automotive INC
—
Deed
related
$75,161 · The First National Bank Of Hebbronville
Mar 2, 2017
—
Haigood Automotive INC
—
Deed
related
$772,298 · First Nat'l Bk/mcgregor
May 2, 2016
—
Haigood Automotive INC
—
Deed
related
$405,000 · First Nat'l Bk/mcgregor
Nov 24, 2015
—
Haigood Automotive INC
First Natl Bk Of Mcgregor
Grant Deed
$350,000 · First Nat'l Bk/mcgregor
Jul 27, 2015
—
First Natl Bk Of Mcgregor
Taylor,jason & Tammy
Deed In Lieu Of Foreclosure
related
—
—
—
Jason Taylor
—
Loan Modification
related
$12,000 · First Nat'l Bk/mcgregor
—
—
Haigood Automotive INC
—
Loan Modification
related
$405,000 · First Nat'l Bk/mcgregor
—
—
Haigood Automotive INC
—
Deed Of Trust
related
$772,298 · First Nat'l Bk/mcgregor
—
—
Haigood Automotive INC
—
Loan Modification
related
$150,000 · First Nat'l Bk
—
—
Robert W Martin
—
Deed Of Trust
related
$66,274 · First National Bank Mcgregor
—
—
Robert W Martin
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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