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Property profile & analytics
FOR LEASE
Industrial properties
700 Loop 340 W Waco, TX 76712
Individually Owned
7-yr Hold
Free & Clear
Property ID
US82-1478880
For Lease
1 / 14
$810,000
700 Loop 340 W, Waco, TX 76712
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Construction
STEEL FRAME
Total area
30,729 SF
Lot
3.5 ac (152,591 SF)
Zoning code
M-2
APN
480376050002010
UPID
US82-1478880
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$810k
Owner & transaction history
Texas Transportation Comn · 7 yrs held
Texas Transportation Comn
since 2019
7 recorded transactions
Zoning & alternative use
M-2 · Woodway, 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
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$610,000
Current use
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$26 / 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
$26,488
Tax year 2022
Assessed value
$1,181,510
Assessed 2023
Previous assessed
$1,181,510
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$373,850
Assessed improvement
$807,660
Land market value
$373,850
Improvement market value
$807,660
Total market value
$1,181,510
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1983
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
REFRIGERATOR
Stories
1
Total area
30,729 SF
Lot
3.5 ac (152,591 SF)
Zoning code
M-2
APN
480376050002010
UPID
US82-1478880
Jurisdiction
MCLENNAN
Zoning & alternative use
M-2 · Woodway, TX
Zoning M-2 · permitted uses
M-2 · Woodway, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$610,000
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
1983
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Texas Transportation Comn
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 23007, WACO, TX 76702-3007
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
33 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
—
David R Anderton
—
Deed
related
$2,750,000 · Southstate Bank NA
Dec 14, 2020
—
David R Anderton
—
Deed
related
$1,400,000 · Independent Bk
Dec 5, 2019
—
David Anderton
—
Deed
related
$1,400,000 · Independent Bk
Aug 26, 2019
—
David Anderton
—
Deed
related
$100,000 · Independent Bk
Jul 2, 2019
—
Texas Transportation Comn
Solar City Ltd
Grant Deed
related
—
Nov 2, 2018
—
David Anderton
—
Deed
related
$1,400,000 · Independent Bk
Sep 11, 2018
—
David R Anderton
—
Deed
related
$2,477,750 · Independent Bk
Sep 7, 2018
—
David Anderton
—
Deed
related
$30,000 · Independent Bk
Mar 9, 2018
—
David Anderton
—
Deed
related
$1,200,000 · Independent Bk Waco Bosque
Mar 13, 2017
—
David Anderton
—
Deed
related
$1,000,000 · Independent Bk
Feb 14, 2017
—
David Anderton
—
Deed
related
$300,000 · Independence Bank
Aug 16, 2010
—
David R Anderton
Central Texas Printing INC
Venders Lien
$400,000 · Community Bank & Trust
—
—
David R Anderton
—
Deed Of Trust
related
$600,000 · Independent Bk
—
—
Swanson-wheeler Ltd
—
Deed Of Trust
related
—
—
—
David Anderton
—
Deed Of Trust
related
$90,000 · Community Bank & Trust Co
—
—
David Anderton
—
Deed Of Trust
related
$187,841 · Community Bank & Trust Co
—
—
David R Anderton
—
Loan Modification
related
—
—
—
David Anderton
—
Loan Modification
related
$1,400,000 · Independent Bk
—
—
David Anderton
—
Deed Of Trust
related
$30,000 · Independent Bk
—
—
David R Anderton
—
Loan Modification
related
$2,477,750 · Independent Bk
—
—
David Anderton
—
Deed Of Trust
related
$1,200,000 · Independent Bk Waco Bosque
—
—
David Anderton
—
Deed Of Trust
related
$1,000,000 · Independent Bk
—
—
Anderton,david R & Debra
—
Deed Of Trust
related
$966,411 · Community Bk&tr Waco Tx
—
—
David R Anderton
—
Deed Of Trust
related
$982,066 · Community Bank & Trust Waco Tx
—
—
David Anderton
—
Loan Modification
related
$1,400,000 · Independent Bk
—
—
David Anderton
—
Deed Of Trust
related
$100,000 · Independent Bk
—
—
David R Anderton
—
Deed Of Trust
related
$1,115,000 · Independent Bk
—
—
David Anderton
—
Deed Of Trust
related
$1,400,000 · Independent Bk
—
—
David R Anderton
—
Deed Of Trust
related
$793,089 · Community Bank & Trust Waco Tx
—
—
Anderton,david R & Debra D
—
Deed Of Trust
related
$500,000 · Independent Bk
—
—
Anderton,david R & Debra D
—
Deed Of Trust
related
$1,115,000 · Independent Bk
—
—
Anderton,david R & Debra D
—
Deed Of Trust
related
$2,477,750 · Independent Bk
—
—
David R Anderton
—
Deed Of Trust
related
$2,477,750 · Independent Bk
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.
Try Rey
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