Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    700 6th St Mc Gregor, TX 76657-2055
    Property profile & analytics

    700 6th St Mc Gregor, TX 76657-2055

    View on Map
    • Commercial real estate
    • 14,029 SF
    • 1.08 lot acres
    Off-Market
    Property ID
    US82-3115261
    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
    $1,990,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • First Baptist Church-Mc Gregor / Church

    Property Details for 700 6th St

    Year built
    1968
    Construction
    FRAME
    Lot size
    1.08 lot acres
    Property size
    14,029 SF
    Zone code
    R
    Property type
    Commercial real estate
    APN
    341250000025005
    APU
    341250000025005

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,315,000
      6.5%
      $2,135,000
      7%
      $1,985,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,841,000
      Market price range: $644k - $2.15M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,400,000
      Current use
      OFFICE BUILDING
      $2,315,000
      Change: +65% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mc Gregor
    County
    Mclennan
    State
    Texas
    Longitude
    -97.408
    Latitude
    31.4349
    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
    $0.00
    $47,100
    $974,620
    $1,021,720
    -
    $47,100
    $974,620
    $1,021,720

    Comparable in this City

    • Value Estimation by Request
      50.00 Acres

      50 +/- Acres Out Of Oliver Farms

      Land • 50.00 Acres
      50 +/- Acres Out Of Oliver Farms, McGregor, TX 76657
      View Details
    • Value Estimation by Request
      1,341 SF

      31589 Us Hwy 84 Hwy

      Commercial real estate • 1,341 SF
      31589 Us Hwy 84 Hwy, McGregor, TX 76657
      View Details
    • Value Estimation by Request
      0.41 Acres

      609 3rd St

      COMMERCIAL (GENERAL) • 0.41 Acres
      609 3rd St, Mc Gregor, TX 76657
      View Details
    • Value Estimation by Request
      0.07 Acres

      412 4th St

      COMMERCIAL (GENERAL) • 0.07 Acres
      412 4th St, Mcgregor, TX 76657
      View Details
    • Value Estimation by Request
      0.46 Acres

      4th St

      COMMERCIAL (GENERAL) • 0.46 Acres
      4th St, Mcgregor, TX 76657
      View Details
    • Value Estimation by Request
      0.73 Acres

      Mcgregor Dr

      COMMERCIAL (GENERAL) • 0.73 Acres
      Mcgregor Dr, Mcgregor, TX 76657
      View Details

    Similar Nearby for Sale

    • $325,000
      3,000 SF

      McGregor Airport Hangar For Sale

      Premium hangar, loft, simulator room
      27474 Hwy 84-Ph #19 Hwy, McGregor, TX 76657
      View Details
    • Contact for pricing

      Development Land on Highway 84

      12.463 acres of development land with highway frontage.
      Tbd Hwy 84 W, McGregor, TX 76657
      View Details
    • Contact for pricing

      Expansive McLennan County Development Opportunity

      88.744 acres in McLennan County's highest growth corridor.
      27300 Highway 84 West, McGregor, TX 76657
      View Details
    • $95,000
      1.69 Acres

      Residential Land in McGregor, TX

      1.69 acre lot ready for your dream home.
      3 Plainview Rd, McGregor, TX 76657
      View Details
    • $95,000
      1.71 Acres

      Residential Land in McGregor, TX

      1.71 acre lot for sale in McGregor, Texas.
      1 Plainview Rd, McGregor, TX 76657
      View Details
    • $95,000
      1.67 Acres

      Residential Land in McGregor, Texas

      1.67 acre lot ready for your dream home.
      6 Plainview Rd, McGregor, TX 76657
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,440 SF

      Historic Downtown McGregor Corner Building

      Historic building on Main Street in downtown McGregor for rent.
      300 S Main St, Mc Gregor, TX 76657
      View Details
    • $2,160 /Mo
      12,023 SF

      Downtown McGregor Commercial Space Available

      Versatile commercial space with high visibility and flexible layout.
      400 S Main St, McGregor, TX 76657
      View Details
    • Contact for pricing
      51,562 SF

      Mc Gregor Office Space Available

      Two-story office building with basement, suitable for various businesses.
      1101 Johnson Dr, Mc Gregor, TX 76657
      View Details
    • Contact for pricing
      3,600 SF

      Downtown McGregor Commercial Space Available

      Versatile 3,600 SF space with high visibility and flexible layout.
      400 S Main St, McGregor, TX 76657
      View Details
    • $2,160 /Mo

      Retail Space on Main Street

      Retail property available for lease on Main Street.
      400 S Main St, McGregor, TX 76657
      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.
    700 6th St
    Mc Gregor, TX 76657-2055
    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
    700 6th St, Mc Gregor, TX, 76657
    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!