Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1651 Fm 66 Waxahachie, TX 75167

    View on Map
    Sponsored
    For Sale
    $548,999

    Business - Waxahachie, TX

    Type:Business
    Lot size:
    2.04 Acres
    Days on Market:
    26
    Last Refresh:
    Mar 28 at 3:06 am

    Property Features for 1651 Fm 66

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    179033
    Parking features
    Carport
    Lot size
    2.04 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Flooring type
    Laminate
    Building materials
    See Remarks
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Candi Cryer

    NextHome Property Advisors

    Listing agent Candi Cryer License #0805955

    Listing date Mar 2, 2026

    MLS# 21037760 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Land in Waxahachie, TX

    This 2.04-acre tract is located on a high-traffic thoroughfare just outside Waxahachie, Texas, offering visibility and access in a rapidly developing industrial corridor. The property is surrounded by established industrial and commercial developments, making it suitable for various future uses. A 1940s farmhouse, currently in distressed condition and requiring restoration, is located on the property. With renovation, it could potentially be transformed into a character-rich office, studio, or other commercial space. The primary value lies in the land itself, which is flat and positioned for redevelopment or investment, with accessibility to a major arterial road and proximity to highway 35. This tract offers flexibility and potential for a new facility, expansion, industrial operations, or adaptive reuse of the existing structure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Kitchen & Bath Showroom Food Market Storage Facility Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.869692
    Latitude
    32.371671

    Nearby Similar for Sale

    • $650,000
      2,610 SF

      Victorian Commercial Building Near Downtown

      Charming Victorian building near downtown Waxahachie with high visibility.
      500 W Main St, Waxahachie, TX 75165
      View Details
    • $575,000
      2.07 Acres

      Versatile Commercial Property on 2+ Acres

      Two warehouses, office space, truck parking, endless potential.
      316 Howard Rd, Waxahachie, TX 75165
      View Details
    • $964,900
      920 SF

      42-Acre Rural Retreat in Waxahachie

      42.76 acres with shop, office trailer, utilities, and agricultural exemption.
      4031 Greathouse Rd, Waxahachie, TX 75167
      View Details
    • $499,900
      0.26 Acres

      Historic Retail/Residential Waxahachie Gem

      Historic property with retail zoning and residential income potential.
      609 Ferris Ave, Waxahachie, TX 75165
      View Details
    • $1,190,000
      3,292 SF

      Waxahachie Farmhouse with Two Shops

      19.41+ acre property with stunning home and two shops.
      3511 Fm 66, Waxahachie, TX 75167
      View Details
    • $1,200,000
      8,000 SF

      Versatile Ranch Property in Waxahachie

      38.5 acres between Waxahachie and Midlothian with equestrian facilities.
      1001 Ovilla Rd, Waxahachie, TX 75167
      View Details
    • New
      $500,000
      2,400 SF

      Waxahachie Commercial Space For Sale

      2400 SF commercial space with office and warehouse areas.
      621 Cow Aly Ave, Waxahachie, TX 75165
      View Details
    • $1,150,000
      3,048 SF

      Versatile Farm and Ranch Property

      38.38-acre property with a 3,048 sq ft home and barn.
      2403 Greathouse Rd, Waxahachie, TX 75167
      View Details
    • $1,485,000
      1,800 SF

      Waxahachie Ranch with Animal Facilities

      36+ acre Waxahachie property with home and animal facilities.
      358 E Pecan St, Waxahachie, TX 75165
      View Details
    • $442,446
      Pending

      Agricultural Property in Waxahachie, TX

      Agricultural property available in Waxahachie, Texas.
      823 Old Waxahachie Rd, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      120 SF

      Elegantly Appointed Office Space

      Office space across from Ellis County Courthouse for sale.
      209 E Main St, Waxahachie, TX 75165
      View Details
    • $6,870,000
      11,000 SF

      Retail Space in Waxahachie Center

      Retail space for lease in Waxahachie, Texas.
      1980 Us-77, Waxahachie, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.04-acre tract on high-traffic thoroughfare in growing industrial corridor.
    Where is this commercial land located?
    The property is located at 1651 Fm 66 Waxahachie, TX.
    What is the asking price?
    The asking price for this property is $548,999.
    What are key features of this property?
    This property features: - Prime 2.04-acre tract on a high-traffic thoroughfare near Waxahachie, TX.; - Excellent visibility and access in a rapidly developing industrial corridor.; - Surrounded by established industrial and commercial development.
    (972) 875-5867
    Request Owner's contact information
    1651 Fm 66 Waxahachie, TX 75167
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1651 Fm 66
    Waxahachie, TX 75167
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1651 Fm 66 Waxahachie, TX 75167
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Candi Cryer
    Real Estate License ID: 0805955
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!