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$1,375,000

1600 Lake Air Dr, Waco, TX, 76710

On MarketInfo
Just AddedInfo
CommercialInfo
Beds Beds
Baths Bath
Baths8,576 Sq Ft
OfficeOffice
Year BuiltBuilt in 1976

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Heating CentralHeating Central
CoolingCooling
FlooringCeramic Tile, Laminate

Exterior

Lot Size33,759 sqft

Building Information

Year Built1976
Stories1
Roof Type183

Land Information

APN480266080010010
Lot NumberA
SubdivisionLake Air Center
Land UseCommercial
Legal DescriptionLAKE AIR CENTER BLOCK C LOT A ACRES .775
Census Tract002600
Assessed Land Value$174,700
Assessed Improvement Value$908,000
Assessment Year2025

About this property

Investment and owner-user opportunity at 1600 Lake Air Drive in the heart of Waco’s established professional corridor. This approximately 8,576-square-foot, multi-tenant office property is configured for executive and professional office suites, offering an income-producing operation with additional potential through lease-up and future rent growth. The building provides a professional setting suitable for attorneys, accountants, counselors, real estate professionals, financial-service providers, consultants, medical or wellness practitioners, and other office users. Amenities include private offices in multiple sizes, secure coded entry, Wi-Fi, utilities, a shared conference room, kitchenette, common areas, and on-site parking. The flexible suite arrangement may allow an owner-user to occupy a portion of the property while continuing to receive rental income from other tenants.

Investor Tools

$533,581Estimated Mortgage Balance
$549,119Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,250 /month
Positive
Cash Flow Estimate:
$2,750 /month

Interested in this property?

Alan Cooper

Duck Brothers Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,480/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,343
$1,082,700
2025
$174,700
$908,000
$1,082,700
No

Tax History

Year
Tax Paid
Assessed Value
2025
$24,343
$1,082,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Little Touch Of Heaven Inc
Commercial
$729,000
No
First
Aug 18, 2014
Aug 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$533,581
$549,119
50%
49%
$4,371/mo

City: Waco

1600 Lake Air Dr | Property Details | No Agent List