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4520 Fort Ave 11,100 SF Vacant Industrial Building Waco, TX 76710 $1,850,000 ($166.67/SF) 9.32% Cap Rate
Investment Highlights
- Recent updates to windows, overhead doors, roofing, and more!
- Central location near everything!
- Drive through doors to each building; loading docks at each building.
Executive Summary
This versatile industrial property consists of two buildings in the heart of Waco, just off of Valley Mills Drive with exceptional access minutes from I-35, Highway 6, U.S. Highways 77 and 84, and State Highway 6.
The first building, located at 657 Ruby Avenue, offers approximately 6,000 square feet of flexible warehouse space that can be configured as a single unit or divided into 2,000- and 4,000-square-foot suites. The fireclay building has been extensively updated with a new TPO roof, energy-efficient windows, fresh paint, new roll-up doors, and other improvements. Street-level dock access and a drive-in door from the parking lot provide outstanding functionality for a wide range of industrial and commercial operations.
The second building, located at 4520 Fort Avenue, features approximately 5,100 square feet of ground-level space plus a 3,000-square-foot mezzanine. Designed with flexibility in mind, the building can also be subdivided. The front 4,000 square feet is ideal for showroom, office, or retail use, while the rear 1,100 square feet, complete with mezzanine access and the property's third loading dock, can operate independently or in conjunction with the front space, which includes a drive-through door.
Whether you're seeking an owner-user opportunity, an investment property, or a combination of both, this centrally located industrial complex offers exceptional versatility, modern improvements, and unmatched accessibility in one of Waco's most convenient locations.
Please call or text Matthew (254.644.4095) directly to inquire about acquisition of the buildings, leasing the entire space, or leasing just 1,100, 2,000, 4,000, 5,100, or 6.000 of space. As with most properties, interested parties who contact Matthew directly can save tens of thousands of dollars in commission costs.
Small warehouse space is nearly impossible to find, especially this secure and with the benefit of paved parking. Call or text Matthew today!
The first building, located at 657 Ruby Avenue, offers approximately 6,000 square feet of flexible warehouse space that can be configured as a single unit or divided into 2,000- and 4,000-square-foot suites. The fireclay building has been extensively updated with a new TPO roof, energy-efficient windows, fresh paint, new roll-up doors, and other improvements. Street-level dock access and a drive-in door from the parking lot provide outstanding functionality for a wide range of industrial and commercial operations.
The second building, located at 4520 Fort Avenue, features approximately 5,100 square feet of ground-level space plus a 3,000-square-foot mezzanine. Designed with flexibility in mind, the building can also be subdivided. The front 4,000 square feet is ideal for showroom, office, or retail use, while the rear 1,100 square feet, complete with mezzanine access and the property's third loading dock, can operate independently or in conjunction with the front space, which includes a drive-through door.
Whether you're seeking an owner-user opportunity, an investment property, or a combination of both, this centrally located industrial complex offers exceptional versatility, modern improvements, and unmatched accessibility in one of Waco's most convenient locations.
Please call or text Matthew (254.644.4095) directly to inquire about acquisition of the buildings, leasing the entire space, or leasing just 1,100, 2,000, 4,000, 5,100, or 6.000 of space. As with most properties, interested parties who contact Matthew directly can save tens of thousands of dollars in commission costs.
Small warehouse space is nearly impossible to find, especially this secure and with the benefit of paved parking. Call or text Matthew today!
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$184,500
|
$30.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$184,500
|
$30.75
|
| Taxes |
$5,620
|
$0.94
|
| Operating Expenses |
$6,400
|
$1.07
|
| Total Expenses |
$12,020
|
$2.00
|
| Net Operating Income |
$172,480
|
$28.75
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $184,500 |
| Annual Per SF | $30.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $184,500 |
| Annual Per SF | $30.75 |
| Taxes | |
|---|---|
| Annual | $5,620 |
| Annual Per SF | $0.94 |
| Operating Expenses | |
|---|---|
| Annual | $6,400 |
| Annual Per SF | $1.07 |
| Total Expenses | |
|---|---|
| Annual | $12,020 |
| Annual Per SF | $2.00 |
| Net Operating Income | |
|---|---|
| Annual | $172,480 |
| Annual Per SF | $28.75 |
Property Facts
Amenities
- 24 Hour Access
- Floor Drains
- Mezzanine
- Signage
- Air Conditioning
Utilities
- Lighting - Incandescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Fort Worth
895,008
95
1 h 44 m
Austin
964,254
100
1 h 48 m
Dallas
1,345,047
113
2 h 2 m
Houston
2,325,502
180
3 h 19 m
San Antonio
1,532,233
180
3 h 19 m
Memphis
650,618
565
9 h 57 m
Access and Labor Force
10 Miles
Total Population
212,656
Total Labor Force
109,740
Unemployment Rate
3.87%
Median Household Income
$60,882
Warehouse Employees
18,192
High School Education Or Higher
87.20%
Property Taxes
| Parcel Number | 48-043801-000600-5 | Total Assessment | $250,000 (2025) |
| Land Assessment | $61,250 (2025) | Annual Taxes | $5,620 ($0.51/SF) |
| Improvements Assessment | $188,750 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
48-043801-000600-5
Land Assessment
$61,250 (2025)
Improvements Assessment
$188,750 (2025)
Total Assessment
$250,000 (2025)
Annual Taxes
$5,620 ($0.51/SF)
Tax Year
2026
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4520 Fort Ave
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