Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    512 Daughtrey Ave Waco, TX 76706
    Back to Search
    Property profile & analytics

    512 Daughtrey Ave, Waco, TX 76706

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US82-1310608
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jeremy B. Teblum, ATC / Physician

    Property Details for 512 Daughtrey Ave

    Year built
    2001
    Property type
    Commercial real estate

    Description

    This exceptional 18-unit apartment building, constructed in 2001, presents a compelling investment opportunity. Situated in Waco, Texas, within the highly desirable "Baylor Bubble" area, this three-story property boasts 100% occupancy. Each of the 18 units offers substantial living space, averaging a generous 1,123 square feet. The superior construction quality and premium interior finishes are notable features, setting this property apart in the market. Its prime location, just two minutes from Baylor University and a ten-minute drive from downtown Waco, ensures a strong and diverse tenant base, appealing to students, professionals, and families alike. The property's current success and its potential for future condo conversion add to its significant investment appeal. The large unit sizes and high-quality construction contribute to strong rental income and potential for appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving Texas market. The property's location within the Baylor University corridor provides exceptional stability and future growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1154029
    Latitude
    31.5410439

    Comparable in this City

    • $2,000,000

      Multifamily Property Near Baylor University

      Well-maintained multifamily property near Baylor University with recent updates.
      1902 S 8Th St, Waco, TX 76706
      View Details
    • Contact for pricing

      Lofts at Wood Multifamily Property

      Off-campus housing near Baylor University with stable investment profile.
      700 Wood Ave, Waco, TX 76706
      View Details
    • $750,000
      0.43 Acres

      Waco Apartment Near Baylor

      Two-story, eight-unit apartment building near Baylor University.
      1100 Placid Cir, Waco, TX 76706
      View Details
    • $1,450,000

      Waco Multifamily Investment Opportunity

      10-unit townhome complex near Baylor University with upside potential.
      1400 Park Ave, Waco, TX 76706
      View Details
    • Contact for pricing

      Student Housing Near Baylor University

      Apartment complex near Baylor University with 24 bedrooms.
      2007 S 15Th St, Waco, TX 76706
      View Details
    • $190,000
      0.17 Acres

      Waco Duplex Near Baylor

      Duplex with investment potential near Baylor University.
      3305 Alta Vista Dr, Waco, TX 76706
      View Details

    Similar Nearby for Sale

    • $2,000,000

      Multifamily Property Near Baylor University

      Well-maintained multifamily property near Baylor University with recent updates.
      1902 S 8Th St, Waco, TX 76706
      View Details
    • Contact for pricing

      Lofts at Wood Multifamily Property

      Off-campus housing near Baylor University with stable investment profile.
      700 Wood Ave, Waco, TX 76706
      View Details
    • $750,000
      0.43 Acres

      Waco Apartment Near Baylor

      Two-story, eight-unit apartment building near Baylor University.
      1100 Placid Cir, Waco, TX 76706
      View Details
    • $1,450,000

      Waco Multifamily Investment Opportunity

      10-unit townhome complex near Baylor University with upside potential.
      1400 Park Ave, Waco, TX 76706
      View Details
    • Contact for pricing

      Student Housing Near Baylor University

      Apartment complex near Baylor University with 24 bedrooms.
      2007 S 15Th St, Waco, TX 76706
      View Details
    • $190,000
      0.17 Acres

      Waco Duplex Near Baylor

      Duplex with investment potential near Baylor University.
      3305 Alta Vista Dr, Waco, TX 76706
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr

      Office Warehouse Space For Lease

      Office warehouse space with fenced yard, great visibility, high traffic.
      710 S Robinson Dr, Robinson, TX 76706
      View Details
    • Contact for pricing
      25,202 SF

      Office Space with Dock High

      Climate-controlled office space with dock high and ample parking.
      3700 Interstate 35 S, Waco, TX 76706
      View Details
    • Contact for pricing

      I-35 Frontage Road Pads

      Two commercial land pads available for ground lease.
      820 N Ih-35, Waco, TX 76706
      View Details
    • Contact for pricing
      900 SF

      Retail Spaces Near Baylor University

      Retail/restaurant spaces available near Baylor University and Magnolia Silos.
      721 S 4Th St, Waco, TX 76706
      View Details
    • Contact for pricing
      32,000 SF

      Retail Space Near Major Retailers

      Retail space shadow-anchored by H-E-B and Sam's Club.
      2500 Bellmead Dr, Waco, TX 76706
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    512 Daughtrey Ave
    Waco, TX 76706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    512 Daughtrey Ave, Waco, TX, 76706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!