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Financial
Distress signals
Property profile

401 Precision Dr Waco, TX 76710

FOR LEASE
Industrial properties
Property ID
US82-0379386
54,440 SF 9.01 ac lot Built 1963
Last sale Apr 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional industrial property, located at 401 Precision Drive in McLennan County, offers a substantial 192,298 square feet of warehouse and manufacturing space. The property is zoned M2 and features a single building with multiple tenancies available, with a minimum divisible space of 50,000 square feet and a maximum contiguous space of 80,000 square feet. The building boasts an impressive 18-foot ceiling height, ideal for various industrial uses. Power is provided by a robust 3-phase…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$122k
Tax billed · 2022
Assessed value · 2023$6.40M
Assessed land$750k
Assessed improvement$5.65M
Effective rate1.91%

Value estimate

· Oct 2026
$1.81M
$1.62M – $1.99M
NOI build-up
Gross scheduled income$529k
Vacancy & credit loss−$40k
Operating expenses−$73k
NOI · 6,934,733.33% cap applied$416k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
6,934,733.33%
$416k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M2
JurisdictionMCLENNAN

Location intelligence

Which uses thrive at this corner?
Best fit: Food Market
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Food Market13.7
Hotel & Motel13.0
Garden Center12.2

Location

401 Precision Dr Waco, TX 76710
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

17 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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