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    Ground-Floor Retail Suite Title is generated by Realmo AI

    301 W Main Street, Midlothian, TX 76065

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    For Lease
    $32 SF/Yr $2,173/Mo (calc)

    COMMERCIAL - Midlothian, TX

    Type:Retail
    Property size:
    815 SF
    Lot size:
    1.00 Acre
    Added:
    May 9, 2026
    Days on Market:
    26
    Last Refresh:
    Jun 3 at 12:06 pm

    Property Features for 301 W Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    On Street, Alley, Parking Lot, Open
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    9999999
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2022
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding, Rock, Stone
    Roof type
    Metal

    We can help!

    Listing Contact
    Clark Wickliffe

    Listing agent Clark Wickliffe License #0647052

    Listing office RE/MAX FRONTIER MIDLOTHIAN, TX

    Listing date May 9, 2026

    MLS# 21263156

    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.

    HighLights

    • Suite 118 is a ground‑floor retail space with 815 SF of open layout
    • Lease listed at $32.00 SF NNN; available immediately
    • Lease includes CAM with quarterly true‑ups
    • Building features accessible elevator installed and central HVAC with central air
    • Metal roof; metal siding with rock and stone exterior; concrete flooring
    • Public water and public sewer available; parking includes alley, on‑street, parking lot, and open parking

    Overview

    Suite 118 is a ground-floor retail opportunity featuring an open, flexible layout designed for a wide range of storefront concepts. The space is available immediately and is offered on a NNN basis, with CAM included in the lease and quarterly true-ups. As a standalone suite within the center, it provides a straightforward interior setup for merchandising, customer service, and brand presentation.

    Located in The Lawson District in downtown Midlothian, the property benefits from a pedestrian-focused environment and ongoing foot traffic. The surrounding tenant mix is established and activated, including a brewery, full-service restaurant, dessert bar, coffee concept, salon, and indoor play, which supports frequent visits throughout the day.

    This suite should appeal to retail and service operators seeking a visible, street-level presence within a dynamic mixed-use setting. With an open format and immediate availability, it may be a practical fit for brands that want to capitalize on the district’s walk-in customer flow and complement the existing neighborhood of dining, beverage, and experiential destinations. Prospective tenants can review the NNN structure and CAM true-up provisions as part of their business planning before moving forward.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shop Mansfield Municipal Administration Office Mansfield Economic Development Social Service Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.995873
    Latitude
    32.482742

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    FAQs

    What type of property is this?
    Retail space - Move-in-ready open retail suite in a mixed-use downtown district with strong pedestrian visibility and active tenant surroundings.
    Where is this retail space located?
    The property is located at 301 W Main Street Midlothian, TX.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Suite 118 is a ground‑floor retail space with 815 SF of open layout; Lease listed at $32.00 SF NNN; available immediately; Lease includes CAM with quarterly true‑ups
    (469) 846-0123
    We can help!
    Listing Contact
    Clark Wickliffe
    Real Estate License ID: 0647052
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    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.

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