324 Lacy DrWaco, TX 76705

Property Details for 324 Lacy Dr

Year built

1962

Construction

STEEL FRAME

Lot size

4.00 AC

Property size (Sq ft)

800 SF

Zone code

C

Property type

Commercial real estate

APN

200885000042000

APU

200885000042000

Description

This exceptional 7,500 square foot warehouse in Waco, Texas, presents a compelling investment opportunity. Located at 324 S Lacy Dr, this single-tenant property boasts a strong lease with Forward Air, Inc., extending until January 31, 2029, featuring 3% annual rent increases. The property generates a Net Operating Income (NOI) of $81,000, resulting in an attractive 7.25% capitalization rate. Situated on a four-acre lot, the warehouse features 18-foot ceilings, nine 10' x 20' dock-high doors, one semi-dock, and one ramp, ensuring efficient loading and unloading. Approximately 750 square feet are dedicated to office space. The property benefits from city utilities, a new roof, and a fully fenced perimeter. Its prime location offers excellent access to major transportation arteries, including New Dallas Highway (77), Loop 340, and I-35 North, providing convenient access to the Dallas-Fort Worth metroplex. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset with a long-term lease in a thriving Texas market.

• Alternative Use

  Use

  Valuation

  Residential

  $179,045

  Hospitality

  $164,005

  Educational

  $136,450

  Medical

  $141,143

  Retail

  $212,255

Location Insight

City

Waco

County

Mclennan

State

Texas

Latitude

31.6171

Longitude

-97.107

CBSA code

47380

CBSA name

WACO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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