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    Property profile & analytics

    704 Robinson Dr Robinson, TX 76706

    • Commercial real estate
    • 1,765 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4149079
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 704 Robinson Dr

    Lot size
    0.81 lot acres
    Property size
    1,765 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.81-acre commercial land parcel in Robinson, Texas, presents a remarkable redevelopment opportunity. Located on highly trafficked Robinson Drive (US Hwy 77), just half a mile south of Hwy 6/Loop 340, this C-1 zoned property boasts over 28,000 vehicles passing daily, according to TXDOT traffic counts. The site currently includes a 1,765 square foot residence built in 1965, offering potential for renovation and repurposing for commercial use, or demolition to create a new development. Utilities are readily available, including Oncor Electric Delivery, City of Robinson water (8-inch main), City of Robinson sewer (6-inch main), and Atmos Energy natural gas. The C-1 zoning allows for a diverse range of commercial uses, including banking, car washes, childcare facilities, insurance and financial services, health and fitness centers, medical offices, retail sales and services, salons, and restaurants (including drive-thrus). This prime location and flexible zoning make this property an ideal investment for developers and entrepreneurs seeking high visibility and accessibility. The asking price is $350,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Robinson
    County
    McLennan
    State
    Texas
    Longitude
    -97.1227704558
    Latitude
    31.490833205012

    Comparable in this City

    • $455,000
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      Waco Commercial Land - $455K

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      3.48 Acres

      Waco Land: 3.48 Acres Prime Development

      Exceptional Waco land, ideal for diverse development.
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    • $970,000
      4.05 Acres

      Robinson Commercial Land - Hwy 77 Frontage

      Prime 4.05-acre development site in Robinson, TX.
      711 Robinson Dr, Robinson, TX 76706
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      256.24 Acres

      Prime Waco Land - I-35 & Hwy 6

      256 Acres, Ideal Mixed-Use Development
      0 256.24 Acres On Ih 35 & Hwy 6, Waco, TX 76706
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    • $350,000
      0.81 Acres

      Waco Land: Prime C-2 Location

      .812 Acres, High-Value Waco Land
      700 La Salle Ave, Waco, TX 76706
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      5 SF

      Prime Development Site Near Baylor

      Available development site with frontage on University Parks Drive.
      150 E Garden Dr, Waco, TX 76706
      View Details

    Similar Nearby for Sale

    • $455,000
      1.09 Acres

      Waco Commercial Land - $455K

      1.09 Acre Redevelopment Site near Baylor
      1724 La Salle Ave, Waco, TX 76706
      View Details
    • Contact for pricing
      3.48 Acres

      Waco Land: 3.48 Acres Prime Development

      Exceptional Waco land, ideal for diverse development.
      0 3.48 Acres On Cir Rd, Waco, TX 76706
      View Details
    • $970,000
      4.05 Acres

      Robinson Commercial Land - Hwy 77 Frontage

      Prime 4.05-acre development site in Robinson, TX.
      711 Robinson Dr, Robinson, TX 76706
      View Details
    • Contact for pricing
      256.24 Acres

      Prime Waco Land - I-35 & Hwy 6

      256 Acres, Ideal Mixed-Use Development
      0 256.24 Acres On Ih 35 & Hwy 6, Waco, TX 76706
      View Details
    • $350,000
      0.81 Acres

      Waco Land: Prime C-2 Location

      .812 Acres, High-Value Waco Land
      700 La Salle Ave, Waco, TX 76706
      View Details
    • Contact for pricing
      5 SF

      Prime Development Site Near Baylor

      Available development site with frontage on University Parks Drive.
      150 E Garden Dr, Waco, TX 76706
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr

      Waco Industrial Warehouse Suites

      Two suites, 26,578 SF total. Immediate occupancy.
      211 Webster Ave, Waco, TX 76706
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      123,361 SF

      2.832 Acres Available

      2.832 acres for sale, ground lease, or build-to-suit.
      2312 Interstate 35 S, Waco, TX 76706
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    • Contact for pricing

      I-35 Frontage Road Land Lease

      Prime Waco, TX commercial land. Two pads available.
      820 Ih-35, Robinson, TX 76706
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      Waco Land: Ground Lease Opportunity

      Prime Waco location near Baylor University. High traffic, interstate visibility.
      1612 Speight Ave, Waco, TX 76706
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    • Contact for pricing

      Prime Robinson Retail Land

      3.5 Acres, Single Tenant Opportunity
      614 Robinson Dr, Robinson, TX 76706
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    • Contact for pricing

      I-35 Frontage Road Pads

      Two commercial land pads available for ground lease.
      1110 S 9Th St, Waco, TX 76706
      View Details
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    704 Robinson Dr
    Robinson, TX 76706
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    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
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