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$11,388

NAL Estimated Property Value

1611 Herring Ave, Waco, TX, 76708

Off MarketInfo
CommercialInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size8,250 sqft

Land Information

APN480176000940000
Lot Number12
SubdivisionFarwell Hts
Land UseCommercial
Legal DescriptionFARWELL HTS LOT 12 BLOCK 92 ACRES .1894
Census Tract001300
Assessed Land Value$33,000
Assessment Year2025

About this property

This versatile commercially zoned lot has endless potential in an up-and-coming neighborhood of Waco. Positioned on a busy one-way street, this property provides excellent visibility, making it ideal for entrepreneurs looking to start a business or investors seeking a strategic opportunity. While zoned for commercial use, it also allows for residential development, flexibility for those looking to build a home or a mixed-use space. With its high-traffic location and proximity to growing developments, this lot is a rare find in a rapidly expanding area. Don’t miss your chance to secure a valuable piece of Waco's future whether for business, investment, or residential purposes!

Investor Tools

Property Icon
$11,388
Estimated Property Value
$0Estimated Mortgage Balance
$11,388Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$23/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$214
$11,388
2025
$33,000
N/A
$33,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$214
$11,388

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$11,388
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waco

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1611 Herring Ave | Property Details | No Agent List