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Property profile & analytics
OFF-MARKET
Commercial real estate

408 Lacy Dr Waco, TX 76705

17 ac lot
Entity Owned 1-yr Hold
Property ID
US83-3121366
Property summary
AI-generated overview

This exceptional 17-acre parcel presents a remarkable opportunity for commercial development in Waco, Texas. Strategically located near the intersection of I-35 and Loop 340, this property enjoys excellent visibility and accessibility. Currently zoned for commercial use, the land offers considerable flexibility for a wide range of development projects. The asking price is $500,000, translating to a land value of $0.68 per square foot. Given its size and location, this property is ideally suited for various commercial ventures. The area is experiencing significant growth, with new residential developments underway, creating a strong demand for commercial spaces to serve the expanding population. The property's proximity to major transportation arteries ensures convenient access for both employees and customers. This is a rare opportunity to acquire a substantial tract of land in a thriving Texas market poised for continued expansion. The address is 408 S Lacy, Waco, TX 76705. The property is situated in McLennan County. Detailed zoning information is available upon request. Don't miss this chance to secure a prime piece of Waco real estate.

Property profile
Verified
Property type Commercial real estate
Lot 17 ac (740,520 SF)
UPID US83-3121366
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lacy Drive 408 LLC · 1 yrs held
Lacy Drive 408 LLC
since 2025
2 recorded transactions
2025
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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