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Property profile & analytics
FOR SALE
Commercial real estate
401 S 8Th St Waco, TX 76706
Entity Owned
Absentee Owner
Free & Clear
Property ID
US83-3489488
For Sale
1 / 26
$935,000
401 S 8Th St, Waco, TX 76706
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1944
Construction
BRICK
Total area
5,802 SF
Lot
0.48 ac (20,909 SF)
Zoning code
2007 TIF
APN
480022000001008
UPID
US83-3489488
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$962k
Blend (final)
Blend
$1.05M
Owner & transaction history
Hospitaller Holdings LLC
Hospitaller Holdings LLC
since 2026
7 recorded transactions
Zoning & alternative use
2007 TIF · Waco, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$960,000
+53.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$960,000
Change: +53% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$181 / SF
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 2022Property tax & assessments
Tax year 2022
Tax billed
$24,256
Tax year 2022
Assessed value
$1,081,960
Assessed 2023
Previous assessed
$1,081,960
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$1,045,010
Assessed improvement
$36,950
Land market value
$1,045,010
Improvement market value
$36,950
Total market value
$1,081,960
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
1944
Construction
BRICK
Heating
YES
Stories
1
Total area
5,802 SF
Lot
0.48 ac (20,909 SF)
Zoning code
2007 TIF
APN
480022000001008
UPID
US83-3489488
Jurisdiction
MCLENNAN
Zoning & alternative use
2007 TIF · Waco, TX
Zoning 2007 TIF · permitted uses
2007 TIF · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$960,000
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1944
Construction
BRICK
Heating
YES
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Hospitaller Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2525 WASHINGTON AVE, WACO, TX 76710-7446
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Hospitaller Holdings LLC
Barrett
Deed
—
Jun 24, 2021
—
Jill Barrett
8th Street Development LLC
Warranty Deed
—
Jan 20, 2021
—
8th Street Dev LLC
—
Deed
related
$526,000 · American Bk NA
Jul 27, 2020
—
8th Street Dev LLC
—
Deed
related
$626,000 · American Bk NA
Jan 14, 2019
—
8th St Dev LLC
Barrett,joshua C
Warranty Deed
related
—
May 7, 2014
—
Joshua C Barrett
Richard A Weaver
Venders Lien
$56,500 · First National Bank Of Central Tx
Jan 31, 2014
—
Richard A Weaver
Garcia,andrew
Deed In Lieu Of Foreclosure
related
—
Apr 15, 2013
—
Andrew Garcia
Williams,gary
Warranty Deed
related
—
Oct 12, 2012
—
Andrew Garcia
St Peters,joseph
Warranty Deed
related
—
Jun 19, 2012
—
Andrew Garcia
Weaver,richard A & Chulaluk A
Warranty Deed
$60,500 · Richard A & Chulaluk A Weaver
Apr 13, 2010
$31,407
Central Natl Bk
Rollins Darrell
Trustees Deed
related
—
Mar 8, 2010
—
Central Natl Bk
Fan Banson & Sabrina Liv
Grant Deed
related
—
Jun 6, 2006
—
Banson S Fan
—
Trustees Deed
related
$30,000 · Central National Bank
Apr 10, 2006
—
Fan Banson S & Sabrina N Trust
Fan,banson S & Sabrina N
Quit Claim Deed
related
—
Mar 30, 2006
—
Banson Fan
Weaver,richard A & Chulaluk A
Warranty Deed
$49,500 · Richard A & Chulaluk A Weaver
—
—
8th Street Dev LLC
—
Loan Modification
related
$626,000 · American Bk NA
—
—
8th Street Dev LLC
—
Loan Modification
related
$526,000 · American Bk NA
—
—
Banson S Fan
—
Deed Of Trust
related
$30,000 · Central National Bank
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.
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