Victorian Commercial Building Near
500 W Main Street, Waxahachie, TX 75165
Office - Waxahachie, TX
Type:Office
Property size:
2,610 SFLot size:
0.51 AcresPrice / SF:
$249/SF- Added:
- Apr 1, 2026
- Days on Market:
- 46
- Last Refresh:
- May 16 at 6:06 am
Property Features for 500 W Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Standard status
- Active Under Contract
- APN
- 171046
- 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
Listing agent Chris Cauda License #0732537 (972) 777-4141
Listing office Tero Real Estate 3927 FM 813, Waxahachie, TX (972) 777-4141
Listing date Apr 1, 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.
HighLights
- 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.
- Proximity to downtown Waxahachie, placing the building at the center of community activity.
- Flexible usage: Suitable for retail, cafe, or professional offices.
- Existing tenant leasing 990sf, providing immediate income potential with remaining space for lease or owner occupancy.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$485.1K
NOI $43,658 @ 9.00% cap · cautious / downside scenario
Moderate
$623.7K
NOI $43,658 @ 7.00% cap · market / base-case scenario
Aggressive
$873.2K
NOI $43,658 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.2k | $30.72 |
| − Vacancy | −$22.0k | −$8.42 |
| EGI | $58.2k | $22.30 |
| − OpEx | −$14.6k | −$5.58 |
| NOI | $43.7k | $16.73 |
2,610 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$623.7K
$545.7K – $727.6K
NOI $43,658 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$28.48M
$24.92M – $33.23M
NOI $1,993,558 @ 7.0% cap · market cap 306.70%
Zoning and permitted uses should be independently verified with local authorities.
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
Location Insight
- Map
- Local Demand
- City
- Waxahachie
- County
- Ellis
- State
- Texas
- Longitude
- -96.850943
- Latitude
- 32.387588
Nearby Similar for Sale
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 Street 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.
