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Property profile & analytics
OFF-MARKET
Commercial real estate
6400 Cobbs Dr Waco, TX 76710-2571
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-5945502
Property summary
AI-generated overview
This exceptional 2,258 square foot office suite, located at 6400 Cobbs Drive, Suite 100, Waco, Texas 76710, presents a compelling investment opportunity. Situated in the highly visible Cobbs Office Park, this property benefits from excellent signage and ample parking. Its strategic location at a signalized intersection ensures high traffic visibility, easily accessible from Bosque Blvd and N. Valley Mills Drive. The proximity to Loop 340, Lake Waco, and Ridgewood Country Club adds to its appeal. The property is classified as both Office and Land, offering flexibility for various uses. The suite is ideally suited for an owner-user seeking a prominent location, or it can be subdivided to create multiple rental spaces for an investment portfolio. This property is situated in McLennan County and boasts a prime location with high traffic counts. The asking price is $360,000. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Waco location.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.57 ac (68,476 SF)
APN
480381010062100
UPID
US82-5945502
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
-
Waco Family Dentistry Dental Office
-
Starr General Dentistry Dental Office
-
J. Scott Jones DDS Dental Office
-
Central Texas Endodontics Dental Office
-
Heart of Texas Endodontics Dental Office
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
Allowitz Properties LLC · 2 yrs held
Allowitz Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$10
Assessed 2023
Previous assessed
$10
+0.0% YoY
Assessed improvement
$10
Improvement market value
$10
Total market value
$10
Applied tax rate
48.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
1.57 ac (68,476 SF)
APN
480381010062100
UPID
US82-5945502
Jurisdiction
MCLENNAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.57 ac
Current owner
From public records · entity-resolved
Allowitz Properties LLC
Entity
Mailing address
6400 COBBS DR STE #700, WACO, TX 76710-2578
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
James Scott Jones
—
Deed
related
$105,810 · First National Bank Of Central Tx
Oct 7, 2025
—
James Scott Jones
—
Deed
related
$79,229 · First National Bank Of Central Tx
Dec 14, 2023
—
Allowitz Properties LLC
Trd Acquisitions LLC
Deed
$415,000 · Bank Of America NA
Jul 7, 2023
—
Alkatama LLC
—
Deed
related
$200,000 · Community Bank & Trust
Aug 9, 2022
—
Zl Schwab Properties LLC
Astro Ventures LLC
Deed
related
$838,860 · Extraco Banks NA
Nov 8, 2021
—
Renew Ranch
Heart Of Texas Orthodonties PLLC
Warranty Deed
—
Jul 13, 2021
—
Alkatama LLC
—
Deed
related
$100,000 · Community Bank & Trust
Jun 10, 2021
—
Alkalama LLC
Martin Starr Taylor
Special Warranty Deed
—
Jul 24, 2020
—
James S Jones
—
Deed
related
$200,000 · First Nat'l Bk/ctrl Tx
Jun 5, 2020
—
Revolver Finl Svcs LLC
Little Waco Properties LLC
Warranty Deed
$160,000 · First Nat'l Bk/mcgregor
Feb 19, 2020
—
Kent T Starr
—
Deed
related
$100,000 · Community Bk
Feb 18, 2019
—
Kent T S Dds
—
Deed
related
$150,000 · Community Bk
Dec 28, 2018
—
James Scott Jones
—
Deed
related
$150,000 · Community Bank & Trust
Feb 15, 2018
—
Zl Schwab Properties LLC
Astroventures LLC
Warranty Deed
$472,090 · Extraco Bk
Sep 11, 2017
—
Astroventures LLC
—
Deed
related
—
Feb 9, 2017
—
Kent T Starr
—
Deed
related
$150,000 · Community Bk
Dec 6, 2016
—
Astroventures Llce
—
Deed
related
—
May 11, 2016
—
Little Waco Properties LLC
Little,steven L
Quitclaim Deed
—
—
—
Astroventures Llce
—
Loan Modification
related
—
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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