Waco-Temple Market Report
Waco-Temple commercial real estate market report — 3,606,100 SF tracked across 14 buildings, 20 sale comparables, 45 lease comparables and 15 loans with 6 maturing before 2029.
Fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Multi-Family | 6 | 2,151,700 | 7.4% | $24.52 | 4.4% | 6.78% | $228 |
| Industrial | 1 | 826,000 | 0.0% | $9.57 | 1.1% | 5.23% | $114 |
| Office | 4 | 508,800 | 7.6% | $20.22 | 0.1% | 7.50% | $488 |
| Retail | 1 | 66,200 | 5.1% | $29.89 | 1.0% | 6.75% | $518 |
| Flex | 2 | 53,400 | 40.3% | $15.96 | 3.8% | 6.07% | $534 |
Recent sale comparables
| Date | Property | Type | Price | $/SF | Cap | Buyer |
|---|---|---|---|---|---|---|
| 2026-01-27 | 1885 Travis St | Industrial | $42.83M | $51.85 | 9.09% | Lone Star Property Trust |
| 2025-12-30 | 2990 Guadalupe St | Multi-Family | $57.79M | $113.60 | 8.89% | Aldergate Capital |
| 2025-11-22 | 3080 E Houston St | Multi-Family | $208.93M | $364.11 | 8.37% | Ironwood Capital Partners |
| 2025-10-08 | 2955 Congress Ave | Multi-Family | $96.87M | $392.81 | 8.55% | Permian Basin Properties |
| 2025-10-01 | 1388 Mesa St | Office | $17.04M | $252.86 | 5.49% | Zenith Real Estate |
| 2025-08-22 | 310 Las Colinas Blvd | Multi-Family | $62.1M | $370.30 | 7.04% | Everline Real Estate |
| 2025-02-26 | 2706 Mesa St | Office | $11.36M | $115.29 | 6.87% | Kestrel Investment Group |
| 2024-09-12 | 310 Las Colinas Blvd | Multi-Family | $44.05M | $262.65 | 5.87% | Zenith Real Estate |
| 2024-08-05 | 2325 Elm St | Multi-Family | $119.64M | $414.98 | 7.91% | Dunmore Equities |
| 2024-06-23 | 2706 Mesa St | Office | $7.04M | $71.45 | 6.14% | Zenith Real Estate |
| 2023-10-25 | 310 Las Colinas Blvd | Multi-Family | $16.38M | $97.66 | 8.38% | Marlowe Family Office |
| 2023-03-07 | 2990 Guadalupe St | Multi-Family | $129.67M | $254.91 | 7.72% | Everline Real Estate |
Debt and rollover exposure
15 loans totalling $529.01M are tracked against Waco-Temple assets. 6 of them, representing $95.8M, mature before January 2029. Separately, 20 tracked leases covering 135,950 SF expire in the same window.
Weighted average coupon on tracked Waco-Temple debt is 5.21% with average loan-to-value of 56.8%. See how to read a maturity schedule for the refinancing-gap method.
14 commercial properties are tracked in Waco-Temple, representing 3,606,100 SF of rentable building area, of which 222,400 SF is currently marketed as available.
Asking rents average $21.10 per square foot per year, the median marketed suite is 27,100 SF, and listings have been on market a median of 540 days.
The stock splits 4 Class A, 6 Class B, 4 Class C, with construction dates from 1911 to 2020 (median 1971).
The most concentrated submarkets are Waco (10), Temple / Killeen (4).
Methodology
Fundamentals are computed from RealStarGlobal's tracked inventory for Waco-Temple and re-cut on each build (2026-08-26). Sale and lease comparables are the tracked transaction set for assets in this market; loan records derive from recorded mortgages and tracked lender reporting. Property-level inventory in this demonstration dataset is RealStarGlobal sample data — live market activity, deal flow and news come from the Acquirepad CRE intelligence feed. Registry and GIS provenance per jurisdiction is set out in the data sourcing plan. Definitions follow the conventions described in why providers disagree about submarkets.