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Flex Office and Warehouse

621 Cow Alley Avenue Waxahachie, TX 75165

Claim this Listing
For Sale
$479,000

COMMERCIAL - Waxahachie, TX

Property size:
2,400 SF
Lot size:
0.19 Acres
Price / SF:
$199/SF
Added:
Jun 24, 2026
Days on Market:
18
Last Refresh:
Jul 11 at 2:06 am

Property Features for 621 Cow Alley Avenue

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Open, On Street, Driveway, Parking Lot
Standard status
Active
APN
303845
Size
2,400 SF
Lot size
0.19 Acres

Taxes and HOA fees

Tax Description
LOT 44B FERRIS 2ND ADDN REPLAT 0.1940 AC
Tax Annual Amount
5530

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Water source
Public

Building Details

Year built
2016
Floors in Building
1
Number of units
1
Flooring type
Laminate, Concrete, Tile
Building materials
MetalSiding
Roof type
Metal

Listing agent Jaime Eagleson License #0662964

Listing office OnDemand Realty Frisco, TX

Listing date Jun 24, 2026

MLS# 20855234

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.


Investment Insights

Based on property information with market context.

This flex-style space is set up with a main entry area that can serve as reception, showroom, or office, plus one additional office. The remaining area is warehouse space. Both the office areas and the warehouse have heating, while the offices are fully air conditioned. A bathroom is located in the warehouse for convenient day-to-day use.

The property is located at 621 Cow Alley Avenue in Waxahachie, Texas, within Ellis County. The lot size is 0.194 acres. Zoning is described as planned development, which may be relevant for buyers evaluating planned uses for a mixed set of business functions.

The interior layout supports tenants or operators who need customer-facing space alongside warehouse work in the same footprint. With dedicated office rooms, full HVAC in the office portion, and heated warehouse space, the configuration can accommodate a range of light industrial and office-flex users, including those seeking a reception/showroom entry and on-site restroom access. Seller-finance is noted as a possibility, which may provide additional financing flexibility for qualified buyers.

Key Highlights

  • Metal building with metal roof
  • Flexible interior layout: main entry area for reception/showroom/office plus additional office and warehouse
  • Office and warehouse both have heating; offices are fully air conditioned

Local Financial Insights For Office B

Simulate Cap Rate and NOI

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.

Component $ $/SF
Gross rent $73.7k $30.72
− Vacancy −$20.2k −$8.42
EGI $53.5k $22.30
− OpEx −$13.4k −$5.58
NOI $40.1k $16.73
2,400 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use
Office B
$573.5K
$501.8K – $669.1K (±1% cap)
NOI $40,145 @ 7.0% cap · market cap 8.38%
Second Best
Warehouse
$238.4K
$208.6K – $278.2K (±1% cap)
NOI $16,689 @ 7.0% cap · market cap 3.48%
Theoretical Best
Multifamily LT 5
$26.19M
$22.91M – $30.55M (±1% cap)
NOI $1,833,157 @ 7.0% cap · market cap 382.71%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Flex space

FAQs

What type of property is this?
Flex space - Reception and office space with full HVAC connects to a heated warehouse with a bathroom for practical mixed-use operations.
Where is this flex space located?
The property is located at 621 Cow Alley Avenue Waxahachie, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Metal building with metal roof; Flexible interior layout: main entry area for reception/showroom/office plus additional office and warehouse; Office and warehouse both have heating; offices are fully air conditioned
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More about this property
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