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3000-3008 Robinson Drive
About This Property
Positioned just minutes from Baylor University, Downtown Waco, and the iconic Magnolia Market at the Silos, the property provides unmatched convenience to shopping, dining, hospitals, and I-35. Its Robinson Drive frontage makes it especially attractive, offering excellent access and visibility while still sitting within a residential setting.
For homeowners, the parcel offers ample space for building a custom residence with room to grow - imagine a private retreat with gardens, outdoor living, or space for a pool, all while enjoying quick access to the very best of Waco. For investors and builders, the proximity to Baylor makes this property a compelling option for student housing or rental development, tapping into one of the city's most consistent housing markets.
Surrounded by established neighborhoods with ongoing redevelopment, this lot balances privacy with opportunity. Whether you are looking to create a personal dream home or make a strategic investment in Waco's growth, 3000 Robinson Drive stands out as a property that combines location, visibility, and future potential in one offering!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | Price Decreased |
$194,900
↓ $5K
(2.6%) | |
| Price Decreased | |||
| Jun 2, 2026 | Price Decreased |
$200,000
↓ $50K
(20%) | |
| Price Decreased | |||
| Jan 30, 2026 | Price Decreased |
$250,000
↓ $100K
(28.6%) | |
| Price Decreased | |||
| Aug 27, 2025 | Listed by Axio Real Estate LLC | $350,000 | |
| Listed by Axio Real Estate LLC | |||
| Jun 5, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017