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$539,530

NAL Estimated Property Value

1927 Columbus Ave, Waco, TX, 76701

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths3,756 Sq Ft
OfficeOffice
Year BuiltBuilt in 1960

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling
FlooringCarpet, Other

Exterior

Lot Size20,560 sqft

Building Information

Year Built1960
Stories1
Roof Type183

Land Information

APN480268000006004
Lot Number8-9,7A
SubdivisionLawson
Land UseCommercial
Legal DescriptionLAWSON LOT 7A 8 9 BLOCK 4 ACRES 0.472
Census Tract000700
Assessed Land Value$61,680
Assessed Improvement Value$477,850
Assessment Year2025

About this property

Discover a rare opportunity to own or lease a modern, move-in-ready office building in one of Waco’s most convenient and central locations. Originally constructed with a durable concrete shell—including foundation, exterior walls, roof, and two enclosed concrete offices—this property offers exceptional structural integrity and long-term value. Fully renovated in 2020, the interior showcases immaculate finishes and modern functionality throughout. Step inside to find: A welcoming front lobby with an administrative reception area - A spacious conference room perfect for meetings and client presentations - Multiple private offices and open workspaces to suit a variety of business needs - A kitchenette, updated bathrooms, fresh carpet, recessed lighting, and fresh paint. The building is wired for high-speed internet and equipped with a comprehensive security camera system, ensuring both connectivity and peace of mind. Outside, enjoy secured rear parking with a gated entrance, covered parking canopy, and handicap-accessible entry. Situated in the heart of Waco, this property offers unbeatable access—just minutes from Downtown Waco, Waco Drive, Franklin Avenue, and Valley Mills Drive—placing your business close to everything the city has to offer. Whether you’re looking for a secure, turn-key office headquarters or a versatile investment property, 1927 Columbus Avenue combines modern convenience, structural strength, and prime location into one exceptional package.

Investor Tools

Property Icon
$539,530
Estimated Property Value
$484,374Estimated Mortgage Balance
$55,156Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,970 /month
Positive
Cash Flow Estimate:
$1,990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,182/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,489
$539,530
2025
$61,680
$477,850
$539,530
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,489
$539,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank Central Texas
Open End Mortgage / Open End With Future Advance Clause
$539,750
No
First
Feb 1, 2021
Feb 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$484,374
$55,156
10%
90%
$3,237/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.

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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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1927 Columbus Ave | Property Details | No Agent List