Waco, TX 76710 4800-30 Lakewood Drive

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  • North Texas Real Estate Info Systems (NTREIS) - 37 - TX
  • MLS# 21055384
  • 09/12/2025
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Presented By: John Derrick with Regency Park Properties LLC;
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
  • Year Built • 1978

Home Details

Multi-Tenant Office Portfolio 100% Leased Exceptional opportunity to acquire a 31,000 SF multi-tenant office portfolio in the heart of Waco’s fast-growing I-35 corridor market. The property is 100% occupied with a diversified tenant mix, providing immediate income and long-term stability. Priced well below replacement cost, this investment offers strong rent growth potential. The portfolio’s central location provides excellent visibility and accessibility, making it a strong fit for a wide range of users. This asset is well-suited for local and regional investors, 1031 exchange buyers, or owner-occupants planning for future expansion. With Waco’s steady economic base and strategic position along the I-35 growth corridor, this offering delivers both dependable cash flow and future upside.
Presented By: John Derrick with Regency Park Properties LLC;

Interior Features for 4800-30 Lakewood Drive

Other Interior Features

FlooringCarpet, Luxury Vinyl Plank, Tile
Lock Box TypeNone
SQFT Gross31374
Total Stories1
Total Units2

General for 4800-30 Lakewood Drive

Accessibility FeaturesAccessible Approach with Ramp
Building UseOffice
Business TypeAccounting, Commercial, Financial, Health Services, Real Estate
Ceiling Height8 to10 Feet
CityWaco
Construction MaterialsBrick, Concrete
CoolingCentral Air, Electric
CountyMcLennan
DirectionsLake Air Dr and Lakewood Dr.
Gross Annual Expenses279126.00
HeatingCentral, Electric
Insurance Expense24867
Listing Terms1031 Exchange, Cash, Conventional
Operating Expense IncludesAccounting, Insurance, Legal, Maintenance, Maintenance Grounds, Maintenance Structure, Manager, Pest Control, Security, Supplies, Trash, Utilities, Water/Sewer
PossessionNegotiable
Property SubtypeOffice
Property TypeCommercial Sale
RoofOther
Standard StatusActive Under Contract
StatusActive Contingent
Subdivision NameLake Air Center
Tenant PaysCable TV
Unexempt Taxes58699
UtilitiesAsphalt, City Sewer, City Water, Curbs, Electricity Connected, Master Water Meter
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1978
Year Built DetailsPreowned
Zoning DescriptionO-1

Exterior for 4800-30 Lakewood Drive

Building Area Total31374.00
Construction Materials WallsBrick
Foundation Slab
Lot Size1 to < 3 Acres
Lot Size Acres2.1800
Lot Size Area2.1800
Lot Size SourcePublic Records
Lot Size Square Feet94960.8000
Lot Size UnitsAcres
Parking FeaturesAsphalt
Road Frontage TypeCity Street
WaterfrontNo

Additional Details

Price History

Suzanne Smith

Broker/Owner
Price $3,750,000
MLS#21055384
List Date 09/12/2025
Property Type Contingent
Phone 903.235.4216
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