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    The Largest CRE Database in the US with Over 1 Million Listings

    358 E Pecan St Waxahachie, TX 75165

    Sponsored
    For Sale
    $1,485,000

    Traditional, Farm/Ranch - Waxahachie, TX

    Type:Farm
    Property size:
    1,800 SF
    Lot size:
    36.43 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 2 at 2:06 am

    Property Features for 358 E Pecan St

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    298327
    Parking features
    Garage, Guest, Oversized, Parking Lot
    Patio and Porch features
    Patio, Porch
    Interior features
    Eat-in Kitchen, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Awning(s), Covered Patio/Porch, Dog Run, Kennel, Lighting, Stable/Barn, Storage, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    1,800 SF
    Lot size
    36.43 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2005
    Floors in Building
    1
    Flooring type
    Laminate
    Roof type
    Composition, Metal
    Architectural style
    New Traditional
    Additional Structures
    Barn(s), Kennel/Dog Run, Stable(s), Storage

    We can help!

    Listing Contact
    Mitzi Eves

    Minnette Murray Properties (214) 521-0044

    Listing agent Mitzi Eves (214) 453-1850 License #485908

    Listing date Jan 31, 2026

    MLS# 21166134 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

    Waxahachie Ranch with Animal Facilities

    Located in Waxahachie, Texas, this property features a Hardie Plank sided 4-bedroom, 2-bath home situated on over 36 acres. The land is surrounded by ranches, ranchettes, and new construction properties. The home includes a large, open family room with vaulted ceilings and windows overlooking the acreage. The eat-in kitchen offers ample cabinet and storage space. All bedrooms are spacious with natural light and closet space. The primary bedroom is designed to accommodate large furniture, and the primary bath is roomy enough for two people. A Dresden building near the house can be used for storage or a home office. A metal building serves as a dog kennel with attached exterior dog runs, featuring 12 cyclone-fenced kennels and a cabana room that can house 12 or more small dogs, along with an office, dog wash bay, and laundry room. A metal barn provides stables, aisles, a tack room, and storage. The pastures are fully fenced and cross-fenced. An additional fully insulated metal building can serve as a shop or garage. The property has been used for raising miniature horses, hosting dog training classes, agility events, and competitions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.832818
    Latitude
    32.391319

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    FAQs

    What type of property is this?
    Farm - 36+ acre Waxahachie property with home and animal facilities.
    Where is this farm located?
    The property is located at 358 E Pecan St Waxahachie, TX.
    What is the asking price?
    The asking price for this property is $1,485,000.
    What are key features of this property?
    This property features: - AG EXEMPT 36+ acre property ideal for outdoor and animal lovers.; - Extensive animal facilities: **metal barn with stables, aisles, tack room, storage; metal building with 12 cyclone fenced kennels, office, dog wash bay, laundry room, and cabana room.**; - **4-bedroom, 2-bath Hardie Plank sided home with open family room, vaulted ceilings, and eat-in kitchen.**
    (214) 453-1850
    Request Owner's contact information
    358 E Pecan St Waxahachie, TX 75165
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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.

    More about this property
    358 E Pecan St Waxahachie, TX 75165
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    We can help!
    Listing Contact
    Mitzi Eves
    Real Estate License ID: 485908
    (214) 453-1850
    Learn more
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