529 W Mcgregor Drive
About This Property
Surrounded by established businesses and an expanding commercial landscape, the property benefits from its location near O-So Clean Car Wash, Sunoco, convenience stores, restaurants, automotive services, and other neighborhood businesses. The site's generous highway frontage, open configuration, and relatively level terrain provide flexibility for a variety of potential commercial improvements, subject to applicable development requirements.
McGregor enjoys a strategic location in Central Texas, connecting the Greater Waco metropolitan area with surrounding communities. The property is conveniently positioned to serve local residents, commuters, and employees of major area employers, including **SpaceX, Trane Technologies, and Germania Insurance**, as well as businesses operating near McGregor Executive Airport.
With established commercial activity nearby, convenient highway access, and continued investment in the surrounding area, this property presents an attractive opportunity for an owner-user, developer, or investor seeking a presence in McGregor's commercial market.
**Don't miss this opportunity to establish your business along a prominent US Highway 84 commercial corridor!** This lot is located within **Tax Increment Reinvestment Zone Number Two (TIRZ #2)**! Check with the city of McGregor to see if your planned use could qualify for favorable financing terms! Survey available. Buyer to verify zoning, utilities, access, permitted uses, and development requirements.
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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 |
|---|---|---|---|
| Oct 16, 2026 | Listed by Bramlett Partners | $325,000 | |
| Listed by Bramlett Partners | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017