Brad Wetzel - Kelly Commercial

The Texas Water Development Board (TWDB) has introduced the state’s first comprehensive flood plan, marking a significant advancement in flood management and resilience. 🚀 Why This Matters for Commercial Real Estate and Economic Development: 🏢 Risk Reduction: By addressing flood risks statewide, the plan helps protect commercial properties from potential damage, enhancing long-term investment security. 📈 Economic Growth: Improved flood management fosters a stable environment for businesses, supporting economic development and attracting new investments. 💡 Informed Decisions: Data-driven strategies and clear funding pathways ensure effective implementation, creating a more predictable and resilient real estate market. This strategic plan promises to bolster Texas’s economic landscape while safeguarding properties and communities. Stay informed about how these developments could impact your investments! #TexasFloodPlan #CommercialRealEstate #EconomicDevelopment #TWDB #ResilientInvestments #RealEstateGrowth

Grocery powerhouse H-E-B has acquired nearly 37 acres at the prime corner of South Hewitt Drive and Interstate 35! While it's still unclear when or if a new store will break ground, this strategic land purchase signals potential growth and opportunity for our local commercial sector. 📈 Why This Matters: Increased Demand: With H-E-B's expansion, local businesses could see a surge in foot traffic, boosting the appeal of surrounding commercial properties. Property Value Boost: New developments often lead to increased property values and attract further investment in the area. Community Growth: The rapid rise in new single-family housing nearby means more residents and more potential customers for local businesses. 🌟 What’s Next? NewQuest Properties is actively marketing nearby sites, and interest is growing as investors await clarity on H-E-B’s plans. The area’s development potential is evident, as seen in successful projects like those at New Road and I-35. Stay tuned as we keep an eye on this promising development and how it might reshape Waco’s commercial landscape! #CommercialRealEstate #H-E-B #WacoDevelopment #RealEstateInvestment #LocalGrowth #RetailExpansion #kellycommercial

🚍 Commercial Real Estate Enthusiasts! 🚍 The “Best of Texas Bus Tour” presented by Day One Experts is taking place this October! This premier event welcomes international members of the Certified Commercial Investment Member (CCIM), other interested communities, businesses, and sponsors to take part on a comprehensive journey across Texas, spotlighting the state’s top commercial real estate properties and investment opportunities. 📅 Event Details: Date: October 1-5, 2024 Stops: Huntsville, Gulf Coast, Upper East Texas, the DFW Metroplex, and 🌟 CENTRAL TEXAS 🌟 Discover: ▪️ Premier Properties: Explore high-profile commercial spaces that are driving the local economy. ▪️ Emerging Opportunities: Learn about exciting investment prospects and development trends shaping the region. ▪️ Networking: Connect with key industry leaders and gain valuable insights into the Central Texas real estate landscape. 🔍 Why Attend? ✅ In-Depth Property Tours: Get exclusive access to some of the most sought-after properties in Texas. ✅ Expert Insights: Hear from top industry experts and gain a deeper understanding of market trends. ✅ Networking Opportunities: Build relationships with fellow real estate professionals and investors. Don’t miss this chance to experience the best of Texas real estate firsthand! 🚀 Register by September 1st at https://lnkd.in/ggupCYeX. #CommercialRealEstate #BestOfTexasBusTour #CentralTexas #RealEstateInvestment #Networking #MarketTrends #PropertyTour

The Waco Downtown Redevelopment project is officially underway, bringing a wave of transformation to the heart of our city! 🌟 Key highlights include: 🏢 New Developments: Fresh residential and commercial spaces are being introduced, offering dynamic opportunities for businesses and residents alike. 🌳 Enhanced Public Spaces: Expect beautifully walkable spaces such as redesigned parks, pedestrian-friendly streets, and vibrant community areas. 👓 Strategic Vision: The initiative aims to transform downtown Waco into a vibrant, mixed-use area with a focus on economic growth, cultural enrichment, and improved public spaces. Waco’s downtown is set to become a thriving center of activity and innovation. Stay tuned for more updates and get ready to be a part of the future of Waco! #commercialrealestate #cre #wacodowntownredevelopment #waco #wacotx #centexcre #kellycommmercial #redevelopment #wacoconventioncenter #downtownwaco

Cap rates are a key metric for commercial real estate investors, but what exactly do they tell you? Here are the 5 factors that influence cap rates, helping you understand the potential return on your next investment: 🧩 Property Type: Different properties have different risks. Apartments with many tenants offer stability, leading to lower cap rates (investors accept a lower return for less risk). Retail or office buildings with fewer tenants carry more risk and typically have higher cap rates. 🧩 Location: Prime locations with high demand see lower cap rates as investors are willing to accept lower returns for a "sure thing." Secondary or tertiary markets might require higher cap rates to attract buyers. 🧩 Tenant Credit: Reliable national tenants with strong credit history mean lower risk for investors, translating to lower cap rates. Smaller, local businesses might require higher cap rates due to perceived higher risk. 🧩 Rent Growth Potential: Properties with below-market rents can be attractive if there's potential to raise rents soon. Investors might accept a lower initial return for the chance of higher future profits. 🧩 Comparable Sales: Looking at cap rates of similar properties that recently sold helps determine a fair cap rate for your target property. Remember: Cap rates are just one piece of the 🧩 . Consult with a professional before making any investment decisions! #CRE #CapRate #CommercialRealEstateInvestment #waco #centexcre #kellycommercial

📍 Prime Development Opportunity in Waco, TX! 🌆 . 30 acre prime development site located at 1401 Lake Shore Dr. in Waco! This flat and cleared site offers a wide range of possibilities with its O-2 zoning. Whether you're planning multifamily residences, retail centers, or outdoor recreation spaces, this is the perfect canvas for your vision. Located within TIF Zone #3, adjacent to the top-rated Camp Fimfo resort, and just 1 minute from McLennan Community College, this site is primed for growth. 🏗️ . Contact Brad Wetzel for more information and to schedule a site visit. 📞

FOR SALE ‼️ - 901 E Johnson St | Waco, TX 76705 ▪️ HIGHLIGHTS: ✅ At the intersection of 3 major highways (IH-35, US Hwy 84/Waco Dr, US Hwy 77). ✅ Exterior, Interior & Site Rehab Started ✅ E Waco Dr frontage (~200 ft) ✅ High Visibility Location ✅ Approx. 17,450 Vehicles/Day ✅ Ample Parking & Yard Space. ▪️ Located at 901 E Johnson St in Waco, TX, this property offers endless potential for a new owner. Featuring a spacious building size of approximately 4,500 SF (as per plans) and a generous lot size of approximately 1.04 acres (MCAD), this property is perfectly suited for a variety of uses. The property is currently vacant, making it a blank canvas for your vision, ideas and the ability to adapt to your business operations. ▪️ Located at the intersection of three major highways (IH-35, US Hwy 84/ Waco Dr, US Hwy 77), the location provides quick and easy access to major transportation corridors and major markets. This property offers high visibility with approximately 200 feet of frontage on E Waco Drive. And with an average daily traffic count of approximately 17,450 vehicles, your business will benefit from maximum exposure. ▪️ Some rehab work has been started on keys areas of the building and site ensuring that the exterior, interior, and site are all ready for the next owner/user to put their finishing touches on the property. The lot size is large enough for ample parking and yard space, providing convenience and flexibility for both customers and staff. With city utilities and C-3 General Commercial zoning, this property offers a multitude of permitted uses. The C-3 general commercial district is intended to provide for a wide variety of business uses in locations with a high degree of accessibility to major transportation corridors (City of Waco Zoning). ▪️ Whether you're considering retail, office space, or a service-oriented business, this property is a prime opportunity to establish your business in the thriving Waco market. ▪️ . . . . #wacocommercial #wacotx #wacocre #kellycommercial #kellyrealtors #industrialrealestate #waco #centexcommercial #cre #industrialflex #wacolocal #commercialrealestate #industrialrealestateforsale #manufacturingrealestate

Strong demand from a growing student population is outpacing housing construction, making student housing a stable and lucrative investment. Here's why developers should consider adding it to their portfolio: 🎒 Reliable Income: Students prioritize stable housing near campus, ensuring consistent rental income. 🎒 Lower Vacancy Rates: Student housing is less susceptible to economic downturns compared to other sectors. 🎒 Diverse Tenant Pool: Attract students from various universities by offering a variety of housing options. 🎒High Return on Investment: Potential for premium rents and amenities like fitness centers and study lounges can maximize profits. Developers and investors, NOW is a good time to add student housing to your portfolio! #CRE #StudentHousing #Investment #backtoschool #waco #centexcre #commercialrealestate #kellycommercial

A recent Bisnow article explores how younger CRE professionals view Gen Z renters and their housing needs. Here's the gist for multifamily developers: ✅ Affordability is key! Gen Z renters are value-conscious. ✅ All the tech! They crave apartments with smart-home features and seamless online experiences. ✅ Community matters! Build co-working spaces and social areas to foster a sense of connection. Gen Z renters are staying put longer than previous generations, so think long-term livability when designing your next project. #GenZRenting #MultifamilyDevelopment #FutureofApartments #waco #centexcre #centraltexas #commercialrealestate #kellyrealtorscommercial