Waco, TX Commercial Real Estate for Lease and Sale

Explore 182 listings of Waco commercial real estate for lease and for sale to find the best space for your business.

223 Keesler Ln

223 Keesler Ln, Bellmead, TX
Property

VacantLand
For Sale

$3,785,168
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5601 W Waco Dr

5601 W Waco Dr, Richland Hills, Waco, TX
Property

Industrial

14,136 SF
Availability

1 Space

14,136 SF
For Lease

$8.00/SF/YR
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1700 W Waco Dr

1700 W Waco Dr, Austin Ave, Waco, TX
Property

Retail

10,587 SF
Availability

1 Space

10,587 SF
For Lease Contact for pricing
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401 Precision Drive

401 Precision Drive, Kendrick, Waco, TX
Property

VacantLand
For Sale

Subject To Offer
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345 Owen Ln

345 Owen Ln, Richland Hills, Waco, TX
Property

Office
Availability

1 Space

1,816 SF
For Lease

$500.00/MO
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1503 Austin Ave

1503 Austin Ave, Brazos, Waco, TX
Property

Retail

500 SF
Availability

1 Space

500 SF
For Lease

$30.00/SF/YR
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928 Austin Ave

928 Austin Ave, Brazos, Waco, TX
Property

Retail
Availability

1 Space

12,197 SF
For Lease Contact for pricing
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700 Schroeder Dr

700 Schroeder Dr, Kendrick, Waco, TX
Property

Industrial

15,000 SF
Availability

1 Space

15,000 SF
For Lease

$7.00/SF/YR
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1624 Washington Ave

1624 Washington Ave, Brazos, Waco, TX
Property

VacantLand

640 SF
Year Built

1993
For Sale

$460,000
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1501 Waco Dr

1501 Waco Dr, Sanger-Heights, Waco, TX
Property

Retail

680 SF
Availability Contact for availability

For Lease Contact for pricing
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North New Road Retail Center

512 - 616 N. New Road, Richland Hills, Waco, TX
Property

Retail

47,915 SF
Availability

5 Spaces

14,870 SF
Year Built

1980
For Lease

$350.00 - $6,000.00/MO
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448 I 35 N

448 I 35 N, Baylor, Waco, TX
Property

VacantLand
For Sale

$261,948
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408 N Valley Mills Dr

408 N Valley Mills Dr, Kendrick, Waco, TX
Property

Retail

21,044 SF
Availability

1 Space

21,044 SF
For Lease

$6.00/SF/YR
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25N Coworking Waco
25N Coworking
510 Austin Avenue, Waco, TX
Services

Meeting Room
Amenities

Free water

High-speed wifi

Parking

Privacy booths

Professional & social events

TV/Monitor

Window view
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I-35 and New Road

I-35 and New Road, Kendrick, Waco, TX
Property

VacantLand

9,564 SF
Availability

1 Space

95,004 SF
Year Built

1957
For Lease

$125,000.00/YR
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1512 Lake Air Dr

1512 Lake Air Dr, Mountainview, Waco, TX
Property

Office
Availability

1 Space

1,319 SF
For Lease

$24.00/SF/YR
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77 TX-340 Loop

77 TX-340 Loop, Downsville, Waco, TX
Property

VacantLand
For Sale Contact for pricing
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1200 Austin Ave

1200 Austin Ave, Brazos, Waco, TX
Property

Office

5,640 SF
Availability

1 Space

5,640 SF
For Lease Contact for pricing
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6600 Fish Pond Rd

6600 Fish Pond Rd, Ridgewood Country Club, Waco, TX
Property

Office
Availability

1 Space

14,781 SF
For Lease

$16.00/SF/YR
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S University Parks Dr

S University Parks Dr, Oakwood, Waco, TX
Property

VacantLand
For Sale Contact for pricing
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601 W State Highway 6

601 W State Highway 6, Richland Hills, Waco, TX
Property

Office
Availability

1 Space

2,140 SF
For Lease

$18.00/SF/YR
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Lake Shore Dr

Lake Shore Dr, Cedar Ridge, Waco, TX
Property

VacantLand
For Sale Contact for pricing
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2066 N Valley Mills Dr

2066 N Valley Mills Dr, Ridgewood Country Club, Waco, TX
Property

Retail
Availability

1 Space

964 SF
For Lease

$16.80/SF/YR
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2332 S 18th St

2332 S 18th St, Alta Vista, Waco, TX
Property

VacantLand
For Sale

$700,000
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609 N 25th St

609 N 25th St, Sanger-Heights, Waco, TX
Property

Other

46,440 SF
For Sale Contact for pricing
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9029 China Spring Rd

9029 China Spring Rd, North Lake Waco, Waco, TX
Property

Industrial
For Sale

$1,500,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Waco commercial real estate market incorporates 256,050 square feet of office space across 26 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Waco, the coworking segment of the commercial real estate market incorporates about 1,163 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Waco commercial real estate market includes 1,597,358 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Waco market, there is a total of 124,826 square feet of industrial property.

The listing inventory in Waco incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Waco is represented by Retail space, which accounts for 462,426 square feet of available listings. Industrial space available in Waco adds up to 442,259 square feet.

Meanwhile, most of the listings of commercial property for sale in Waco are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Waco is $16.35 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Waco can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Waco, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Waco is in the Kendrick neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Ridgewood Country Club area.

Meanwhile, retail space opportunities are most abundant in the Kendrick submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Richland Hills.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $41.55 per square foot. In particular, the property type commanding the highest lease rates in Waco was Office space.

The average size of a commercial property in Waco depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Waco, the average size of an office property is 23,278 square feet.
Retail properties here incorporate an average of 63,895 square feet.
Industrial space in Waco is in buildings that are, on average 12,483 square feet in size.

Waco, TX Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Waco currently add up to 1,424,913 square feet. The market offers 22 active office listing(s), which amount to 104,125 square feet and account for 22% of commercial spaces on the market. Local retail availability includes 462,426 square feet across 50 retail space(s). Industrial space for rent opportunities in Waco amount to 442,259 square feet across a total of 17 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	22	104,125
Retail	50	462,426
Industrial	17	442,259
Other	11	416,103

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Waco, TX. Currently, there is 677,728 square feet of commercial property for sale here , which includes 5 office building(s) for sale , 8 retail investment opportunity listing(s) , and 12 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	5	16,619
Retail	8	325,178
Industrial	12	160,811
Other	51	175,120

Waco, TX Commercial Real Estate for Lease and Sale

223 Keesler Ln

5601 W Waco Dr

1700 W Waco Dr

401 Precision Drive

345 Owen Ln

1503 Austin Ave

928 Austin Ave

700 Schroeder Dr

1624 Washington Ave

1501 Waco Dr

North New Road Retail Center

448 I 35 N

408 N Valley Mills Dr

25N Coworking Waco

I-35 and New Road

1512 Lake Air Dr

77 TX-340 Loop

1200 Austin Ave

6600 Fish Pond Rd

S University Parks Dr

601 W State Highway 6

Lake Shore Dr

2066 N Valley Mills Dr

2332 S 18th St

609 N 25th St

9029 China Spring Rd

Frequently Asked Questions

Waco, TX Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Waco, TX Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Waco, TX?

What factors affect the price of commercial real estate in Waco, TX?

What is the average rent for commercial space in Waco, TX?

What are the best areas for commercial real estate in Waco, TX?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Waco, TX?

Waco, TX Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us