Property summary
This exceptional 126,320-square-foot industrial warehouse, situated on 8.416 acres of M-2 zoned land in Waco, Texas, presents a compelling investment opportunity. Built in 1963 with significant renovations in 2000, the property features a single-story building with 14 dock-high doors (9' wide x 10' high) on the west side, including one large ramp door (12' wide x 16' high). A covered loading area boasts six additional levelers, enhancing operational efficiency. Five additional doors (9' wide x 10' high) are located on the east side, providing versatile access points. The warehouse offers ample clear heights, with 17 feet in the 51,520-square-foot section (column spacing: 32-40') and 24 feet in the 74,800-square-foot section (column spacing: 48'). The property includes minimal office space, maximizing production area. Heavy 3-phase power ensures uninterrupted operations. A sprinkler system (ESFR, confirmation pending) and T5 or T8 lighting are installed. Two cranes (5-ton and 7.5-ton) remain on-site. City of Waco utilities service the property, and a rail spur provides unique logistical advantages. The location within Waco's city limits, part of a metropolitan area exceeding 270,000 residents, offers excellent access to major transportation routes, approximately 90 miles south of Dallas/Fort Worth and 100 minutes north of Austin. HVAC is present only in the office area.
Property profile
VerifiedCap rate & NOI
Current use
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Industrial Manufacturer Production Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Office Industrial Flex O-1, O-2, O-3, C-1, C-2, M-1 Mixed Use Flex R-3C, R-3D, R-3E, O-1, O-2, O- 3, C-1, C-2, C-4 on Elm. Ave. only Mixed Use Core R-3D, R-3E, O-2, C-2, C-4 Industrial M-2 Institutional O-2 Open Space R-…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
M-1 · Waco, TXOffice Industrial Flex O-1, O-2, O-3, C-1, C-2, M-1 Mixed Use Flex R-3C, R-3D, R-3E, O-1, O-2, O- 3, C-1, C-2, C-4 on Elm. Ave. only Mixed Use Core R-3D, R-3E, O-2, C-2, C-4 Industrial M-2 Institutional O-2 Open Space R-…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Office Industrial Flex O-1, O-2, O-3, C-1, C-2, M-1 Mixed Use Flex R-3C, R-3D, R-3E, O-1, O-2, O- 3, C-1, C-2, C-4 on Elm. Ave. only Mixed Use Core R-3D, R-3E, O-2, C-2, C-4 Industrial M-2 Institutional O-2 Open Space R-…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-1 in Waco, TX.
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