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    500 W Main St Waxahachie, TX 75165

    Sponsored
    For Sale
    $650,000

    Office - Waxahachie, TX

    Type:Office
    Property size:
    2,610 SF
    Lot size:
    0.51 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 7 at 1:06 pm

    Property Features for 500 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    171046
    Parking features
    Parking Lot
    Size
    2,610 SF
    Lot size
    0.51 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1879
    Flooring type
    Wood
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Cauda

    Tero Partners (972) 777-4141

    Listing agent Chris Cauda (972) 777-4141 License #0732537

    Listing date Feb 6, 2026

    MLS# 21170678 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

    Victorian Commercial Building Near Downtown

    This charming 2610 square foot Victorian style commercial building is located near downtown Waxahachie. The property enjoys high visibility along W Main St, making it a standout presence in the heart of the community. It boasts excellent foot traffic and is within easy walking distance to a diverse array of eateries and shops, adding to the vibrant atmosphere of the neighborhood. The proximity to downtown Waxahachie ensures that the building is at the epicenter of community activity, fostering a dynamic environment for businesses to thrive. This Victorian style building offers a unique canvas for business aspirations. The charm of the past seamlessly integrates with the functionality required for modern commerce, providing a distinctive setting. The property is strategically positioned for success. One tenant is currently leasing 990 square feet of the building. The rest of the space could be leased or owner occupied. The lot size is 0.506 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    D'Luxe Aesthetics & Wellness Spa & Massage Center Skin Lab & Co. (Bike/Boat/Book/etc) Store Traveling Soul Tours Travel Agency Revive Aesthetics & Wellness ... Spa & Massage Center Southern Revival Marketplace Clothing & Fashion Store

    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
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.850943
    Latitude
    32.387588

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    FAQs

    What type of property is this?
    Office building - Charming Victorian building near downtown Waxahachie with high visibility.
    Where is this office building located?
    The property is located at 500 W Main St Waxahachie, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - High-visibility location on W Main St near downtown Waxahachie with excellent foot traffic.; - **Charming 2610 sq ft Victorian-style building** blending historic appeal with modern functionality.; - Walking distance to diverse eateries and shops, fostering a vibrant business environment.
    (972) 777-4141
    Request Owner's contact information
    500 W Main St Waxahachie, TX 75165
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    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
    500 W Main St Waxahachie, TX 75165
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    We can help!
    Listing Contact
    Chris Cauda
    Real Estate License ID: 0732537
    (972) 777-4141
    Learn more
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