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    Specialty Event Estate with Development Potential Title is generated by Realmo AI

    6420 Hayes Road, Midlothian, TX 76065

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    Claim this Listing
    New
    For Sale
    $1,375,000

    SINGLE_FAMILY - Midlothian, TX

    Type:Office
    Lot size:
    14.00 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 6420 Hayes Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Open, Carport, Garage, Gated, Oversize, Driveway
    Security features
    Security
    Fireplace
    1
    Standard status
    Active
    APN
    204637
    Lot size
    14.00 Acres

    Taxes and HOA fees

    Tax Description
    997 L W STEWART 53.824 ACRES

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Central, Fireplace(s), Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1998
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Tile, Carpet
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Susan Brooks

    Listing agent Susan Brooks License #0670856

    Listing office Keller Williams Realty Waxahachie, TX

    Listing date Jun 2, 2026

    MLS# 21279118

    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

    • 8,515‑SF brick estate built in 1998 on approximately 14 acres (to be divided from a larger 56‑acre tract)
    • 5 bedrooms, 5 full bathrooms, and 2 half bathrooms, with multiple living and bonus areas for flexible use
    • Includes a fireplace; heating options include central and electric (heating) per provided details
    • Cooling includes central air and electric, plus ceiling fan(s)
    • Public water with aerobic septic sewer service
    • Parking features include open, carport, garage, gated, oversize, and driveway

    Overview

    Set on approximately 14 acres to be divided from a larger 56-acre tract, this exceptional 8,515-square-foot estate offers flexible living and event-ready possibilities. The home features five spacious bedrooms, five full bathrooms, and two half baths, along with multiple living and bonus areas designed to support multigenerational living, executive retreats, or hosting. Additional flex space can be configured for guest accommodations, offices, entertainment areas, or dedicated bridal-suite style use, making the layout adaptable to a range of lifestyle and hospitality concepts.

    Located at 6420 Hayes Road in Midlothian, Texas (Ellis County), the property is positioned for privacy while still maintaining convenient access to the growing Midlothian area. The seller notes a proposed acreage configuration and boundaries are available in the survey in the Files section.

    Beyond residential luxury, the property includes future zoning planned for light industrial use, creating a rare blend of home functionality and longer-term development flexibility. That combination may appeal to buyers seeking a boutique wedding venue, corporate retreat, event center concept, or an upscale short-term rental operation, with room to expand as plans evolve.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bledsoe Bryan DO Physician

    Suggested Use

    Real Estate Agency Law Firm Auto Repair Shop Department Store Discount Store Computer & Electronic Repair Veterinary Clinic Travel Agency Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.917013
    Latitude
    32.475427

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    FAQs

    What type of property is this?
    Wedding venue - Expansive estate on 14 acres with flexible interior space and future light industrial zoning planning.
    Where is this wedding venue located?
    The property is located at 6420 Hayes Road Midlothian, TX.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: 8,515‑SF brick estate built in 1998 on approximately 14 acres (to be divided from a larger 56‑acre tract); 5 bedrooms, 5 full bathrooms, and 2 half bathrooms, with multiple living and bonus areas for flexible use; Includes a fireplace; heating options include central and electric (heating) per provided details
    (972) 935-5251
    We can help!
    Listing Contact
    Susan Brooks
    Real Estate License ID: 0670856
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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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