Waco, TX
Commercial Real Estate Market Trends & Data

$237 Avg asking sale price
$299 Avg asking lease rate
15,655 SF Avg unit lease size
22,928 SF Avg building size for sale
7.26% Average cap rate

Waco's Demographic Profile

Waco has 57,859 households and a median income of $49,750, providing context for rent absorption and tenant demand across retail and multifamily assets. A +6% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 153,923
# Households 57,859
Median age 32
Median household income $49,750
Avg household size 2.0
Renter-occupied housing units 31,830
5-year population change +6%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Waco, TX

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Waco $237 18,242 SF
Bellmead $216 5,083 SF
Lacy Lakeview $39 49,008 SF
Woodway $298 29,486 SF
Hewitt $969 2,419 SF

Commercial Properties For Sale in Waco

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

TBD Gateway Blvd

Waco, TX 76712

  • 150 AC Lot
  • 1 Commercial Lot
  • Price Upon Request
For Sale

1500 S 18th St

Waco, TX 76706

  • 3,300 SF Retail Building
  • $1,500,000
For Sale

7527 Karl May Dr

Waco, TX 76708

  • 4,200 SF Specialty
  • $850,000
For Sale

1811 Webster Ave & 423 S 18th St

Waco, TX 76706

  • 8,782 SF Specialty
  • $520,000
For Sale

TBD Herring Ave

Waco, TX 76704

  • 23.71 AC Lot
  • 1 Commercial Lot
  • $995,000
For Sale

2000 La Salle Ave

Waco, TX 76706

  • 24,865 SF Industrial Building
  • $3,800,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Waco pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Waco $334 22,928 SF
Bellmead $185 6,439 SF
Lacy Lakeview $123 18,351 SF
Beverly Hills $152 4,607 SF
Elm Mott $129 3,500 SF

Regional Demographic Comparison

This comparison places Waco alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Waco or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Waco 153,923 57,859 32 $49,750 2 31,830 6%
Bellmead 11,382 3,984 34 $46,067 3 1,524 7%
Lacy Lakeview 8,183 3,200 34 $43,027 3 1,694 7%
Beverly Hills 2,326 699 35 $50,130 3 248 6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Waco, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Waco

View All Commercial Real Estate For Sale in Waco
Is Waco a good market for a first-time commercial real estate investor?

Waco offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Waco?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Waco. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Waco?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Waco. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Waco compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Waco. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Waco acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Waco, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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