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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    414 Lacy Dr Waco, TX 76705

    • Industrial properties
    • 4,382 SF
    • 6.34 lot acres
    OFF-MARKET
    Value Estimations
    $440,000
    Show details
    Cap Rate Potential
    8.9%
    Industrial properties
    Location Intelligence
    Property ID
    US82-2446283
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 414 Lacy Dr

    Year built
    2016
    Construction
    WOOD FRAME
    Lot size
    6.34 lot acres
    Property size
    4,382 SF
    Zone code
    C
    Property type
    Industrial properties
    APN
    200885000013003
    APU
    200885000013003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $645,000
      6.5%
      $595,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $298,000
      Market price range: $64.9k - $299k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $535,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    Mclennan
    State
    Texas
    Longitude
    -97.1078
    Latitude
    31.615
    CBSA code
    47380
    CBSA name
    WACO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $33,038
    $207,130
    $1,659,370
    $1,866,500
    -
    $207,130
    $1,659,370
    $1,866,500

    Comparable in this City

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      101 Apron Rd

      INDUSTRIAL (GENERAL) • 14.69 Acres
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      14th St

      INDUSTRIAL (GENERAL)
      14th St, Waco, TX 76705
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    • Value Estimation
      $385,000
      11.13 Acres

      Ih 35

      INDUSTRIAL (GENERAL) • 11.13 Acres
      Ih 35, Waco, TX 76705
      View Details
    • Value Estimation
      $235,000
      0.34 Acres

      101 Industrial Blvd

      INDUSTRIAL (GENERAL) • 0.34 Acres
      101 Industrial Blvd, Waco, TX 76705-2493
      View Details
    • Value Estimation
      $315,000
      2,400 SF

      2017 Kendall Ln

      INDUSTRIAL (GENERAL) • 2,400 SF
      2017 Kendall Ln, Waco, TX 76705-3366
      View Details
    • Value Estimation
      $475,000
      24,610 SF

      400 Airline Dr

      INDUSTRIAL (GENERAL) • 24,610 SF
      400 Airline Dr, Waco, TX 76705
      View Details

    Similar Nearby for Sale

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      1.04 Acres

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      Industrial warehouse, high-profile location.
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      View Details
    • $1,628,272
      5.34 Acres

      Waco Commercial Land - 5.34 Acres

      Prime Waco commercial site, ideal for development.
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    • $6,800,000
      68,312 SF

      68,312 SF Manufacturing/Industrial/Retail/Flex space For Sale or Lease

      68,312 SF Manufacturing/Industrial/Retail/Flex space For Sale or Lease
      1205 N Loop 340, Bellmead, TX 76705
      View Details
    • $6,800,000
      68 SF

      68,300 SF Waco Area Space

      Manufacturing/industrial/retail/flex space with paved yard and easy access.
      1205 Bellmead Dr, Waco, TX 76705
      View Details
    • $6,800,000
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      Versatile Waco Commercial Property

      68,300 SF manufacturing/industrial/retail/flex space with ample parking.
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    • $6,800,000
      68 SF

      Industrial Flex Space For Sale

      68,300 SF manufacturing/industrial flex space with paved yard/parking.
      1205 Bellmead Dr, Waco, TX 76705
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      27,225 SF

      Lacy Lakeview Industrial-Retail Building

      Affordable, flexible industrial-retail building in high-visibility location near I-35.
      661 New Dallas Hwy, Waco, TX 76705
      View Details
    • $9 SF/Yr
      1,560 SF

      Bellmead Office-Warehouse/Flex Space For Lease

      Office-warehouse/flex space with small yard for lease in Bellmead.
      709 Kane St, Waco, TX 76705
      View Details
    • $12 SF/Yr
      1,807 SF

      Waco Warehouse with Small Office

      1,500 SF warehouse with office, near I-35.
      1216 New Dallas Hwy, Waco, TX 76705
      View Details
    • Contact for pricing
      10,680 SF

      Versatile Flex Space with Kitchen

      Adaptable flex space featuring a commercial kitchen and secure yard.
      2508 Marlin Hwy, Waco, TX 76705
      View Details
    • $21 SF/Yr

      Bellmead Retail Space For Lease

      Prime Retail Location, 2400 sq ft
      901 Loop 340, Bellmead, TX 76705
      View Details
    • Contact for pricing
      2,892 SF

      Prime Retail Outparcel on Loop 340

      High-visibility retail space, ideal for QSR or similar.
      1207 Loop, Bellmead, TX 76705
      View Details
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    414 Lacy Dr
    Waco, TX 76705
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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