4547 Lk Shr Dr Waco, TX 76710-1814

Property Details for 4547 Lk Shr Dr

Year built

1986

Construction

FRAME

Lot size

1.58 lot acres

Property size

15,570 SF

Zone code

O3

Property type

Office buildings

APN

480458080026015

APU

480458080026015

Description

This exceptional two-story, 15,570-square-foot executive office building in Waco, Texas, presents a compelling value-add investment opportunity. Located at 4547 Lake Shore Dr, this Class B property boasts a desirable location convenient to the banking district and nearby communities like Mountainview, Bosqueville, and China Spring. Currently 89% occupied with nine tenants under a gross lease structure, the building offers significant upside potential. Built in 1986, the property sits on a 1.58-acre lot zoned PUD and features beautiful exterior patios accessible to individual offices. The spacious layout is ideal for a variety of professional uses, including law, accounting, counseling, or upper-level management. The asking price is $1,400,000, representing a price per square foot of $89.92 and a pro-forma cap rate of 10.72%. The property generates a pro-forma net operating income (NOI) of $150,041. Features include ample parking and flexible space suitable for owner-occupancy or continued investment. Rent bumps are in place, offering further income growth potential. This unique property offers a blend of aesthetic appeal and strong financial prospects, making it an attractive investment in the thriving Waco market.

Location Insight

City

Waco

County

Mclennan

State

Texas

Longitude

-97.1957

Latitude

31.5619

CBSA code

47380

CBSA name

WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments