Regency Pavilion$21.93 – $26.69/SF/yr FS
1388 Mesa St
67,400 SF office building at 1388 Mesa St, Waco, TX 76701. For Sale through the owner.
For SaleStatus
$21.72/SFAsking rent
$25.76MAsking price
4.69%Cap rate
1933Year built
CClass
Property facts
| Property type | Office |
|---|---|
| Building class | C |
| Rentable area | 67,400 SF |
| Stories | 2 |
| Year built | 1933 |
| Renovated | 2011 |
| Typical floor | 33,700 SF |
| Lot size | 0.7 acres |
| Parking ratio | 3.9/1,000 SF |
| Occupancy | 100.0% |
| Zoning | TOD |
| Parcel ID | 44-453-4125 |
| Submarket | Waco |
| Market | Waco-Temple |
| Walk Score | 49 |
| Transit | Amtrak 6 min |
| Listing package | Gold |
Building amenities
Banking, Signage, LEED Gold, Bike Storage, Fitness Center, Property Manager on Site
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Alamo Federal Services | Insurance | 1 | 13,270 | 2033-07-01 |
| Xenon Labs | Real Estate | 1 | 3,660 | 2031-11-01 |
| Lumen Biosciences | Legal | 1 | 15,750 | 2030-12-01 |
| Bluebonnet Insurance | Logistics | 2 | 1,940 | 2024-10-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2025-10-01 | $17.04M | $252.86 | 5.49% | Zenith Real Estate | Permian Basin Properties |
| 2023-02-16 | $3.03M | $44.90 | 6.73% | Quarry Point Partners | Yellowstone Property Fund |
Public record
| Owner of record | Zenith Real Estate |
|---|---|
| Assessed value | $11.17M |
| Land value | $2.16M |
| Improvement value | $9.01M |
| Annual tax | $239K |
| Tax year | 2026 |
| Lot size | 30,491 SF |
| Last deed | 2017-10-07 |
| Deed type | Grant Deed |
| Legal description | LOT 12 BLK 457 WACO ADDN |
Location
1388 Mesa St
Waco, TX 76701
Waco submarket · Waco-Temple market
31.58004, -97.20534
Open in RealStarListing package
Gold — Elevated placement above Silver.
Elevated placement, larger search card with a hero image, floor-plan uploads, syndication to partner marketplaces and weekly lead alerts.
Compare packages →Similar office properties in Waco, TX
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Property-level inventory shown here is RealStarGlobal sample data generated for product demonstration; live market activity, deal flow and news are sourced from the Acquirepad CRE intelligence feed and the public registries listed in the data sourcing plan.