Property profile

801 Lk Air Dr Waco, TX 76710

OFF-MARKET
Commercial real estate
Property ID
US83-3916277
2,580 SF 0.28 ac lot Built 1967
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,640 square foot traditional office building situated at 801 Lake Air Drive in Waco, Texas, 76710. Built in 1967, the property offers a substantial footprint for a variety of commercial uses. The building's location within McLennan County provides easy access to Waco's vibrant business community and its extensive transportation network. The asking price for this property is $399,000. The building itself encompasses approximately 2,640 square feet of improved space, as per McLennan County Appraisal District (MCAD) records. Furthermore, the land associated with the property covers approximately 12,197 square feet (also per MCAD). This combination of building size and land area presents significant potential for expansion, redevelopment, or continued operation as a thriving commercial space. The property's classification as both office and retail suggests versatility in its potential uses, catering to a broad range of business needs. This presents a unique chance to acquire a well-located commercial property in a growing Texas market. The property's age provides an opportunity for renovation and modernization to enhance its value and appeal. Serious inquiries are encouraged to explore the full potential of this promising investment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1967
Construction CONCRETE BLOCKS
Total area 2,580 SF
Lot 0.28 ac (12,197 SF)
Zoning code C2
APN 480438060004020
UPID US83-3916277

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pet Grooming Service
  • Veterinary Clinic

Location

801 Lk Air Dr Waco, TX 76710-5744
Waco metro Census 2302 WACO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2026
4 recorded transactions
2026
$623,929
2019
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Waco, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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