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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Industrial properties
501 Old Hewitt Rd Waco, TX 76712-6684
Entity Owned
4-yr Hold
Free & Clear
Property ID
US82-2802859
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Construction
CONCRETE BLOCKS
Total area
62,606 SF
Lot
17.35 ac (755,940 SF)
Zoning code
M1
APN
362660000024011
UPID
US82-2802859
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
Current use
Occupant on record · Public records
-
Axion Structural Innovations LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.24M
Owner & transaction history
Kibbe Properties Texas LLC · 4 yrs held
Kibbe Properties Texas LLC
since 2022
5 recorded transactions
Zoning & alternative use
M1 · Waco, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,225,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,245,000
Current use
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$20 / 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
$53,423
Tax year 2022
Assessed value
$2,481,890
Assessed 2023
Previous assessed
$2,481,890
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$718,150
Assessed improvement
$1,763,740
Land market value
$718,150
Improvement market value
$1,763,740
Total market value
$2,481,890
Applied tax rate
36.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1973
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
1
Total area
62,606 SF
Lot
17.35 ac (755,940 SF)
Zoning code
M1
APN
362660000024011
UPID
US82-2802859
Jurisdiction
MCLENNAN
Zoning & alternative use
M1 · Waco, TX
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
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
1973
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Lot
17.35 ac
Current owner
From public records · entity-resolved
Kibbe Properties Texas LLC
Entity
Free & Clear · 4 yrs held
Mailing address
501 OLD HEWITT RD, WACO, TX 76712-6684
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
—
Kibbe Properties Texas LLC
Waco Amigos Real Estate LLC
Warranty Deed
—
Jul 15, 2019
—
Waco Amigos Real Estate LLC
—
Deed
related
$1,000,000 · Sgr Investments LLC
May 29, 2014
—
Waco Amigos Real Estate LLC
Coll Financial Holdings LLC
Venders Lien
$1,500,000 · Eagle Bank
Jun 13, 2011
—
Coll Financial Holdings LLC
Certainteed Corp
Grant Deed
$2,000,000 · Certainteed Corp
—
—
Waco Amigos Real Estate LLC
—
Deed Of Trust
related
$1,000,000 · Sgr Investments LLC
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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