Financial
Distress signals
Property profile

405 S 15Th St Waco, TX 76706

FOR LEASE
Commercial real estate
Property ID
US83-4039545
10,500 SF 0.72 ac lot Built 1979
Last sale May 2012 · $86,338
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 10,500-square-foot industrial property, located at 405 S 15th St in Waco, Texas, presents a significant opportunity for businesses seeking a single-tenant manufacturing space. Situated in McLennan County, this property offers ample space for a variety of industrial or light manufacturing operations. The building's versatile design makes it suitable for both office and warehouse needs, providing a seamless blend of functionality and efficiency. The property's single-tenant…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2023$131k
Assessed land$66k
Assessed improvement$65k
Effective rate2.24%

Value estimate

· Sep 2026
$405k
$365k – $446k
AI approach$315k
NOI build-up
Gross scheduled income$145k
Vacancy & credit loss−$12k
Operating expenses−$40k
NOI · 1,546,800.00% cap applied$93k

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?
1,546,800.00%
$93k 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?
M-3
General Industrial M-3 Major industries having large sites, outside open storage, noise, etc. Land Use and Zoning Changes and Special Per...
General categoryINDUSTRIAL
JurisdictionMCLENNAN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office23.2
Pharmacy11.5
Wholesale Shop11.2

Location

405 S 15Th St Waco, TX 76706
County assessor Recorded deeds · 4 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

3 recorded sales · 6 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2601 Robinson, Waco, TX 76706-3835 $5,131 Mar 2024 1,332 SF
4224 University Park, Waco, TX 76706-4183 $45,000 Dec 2022 3,077 SF
302 Robinson, Robinson, TX 76706-5310 $225,000 Apr 2020 2,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
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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