Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Heavy Industrial Land Parcel Title is generated by Realmo AI

    Solon Road, Waxahachie, TX 75165

    View on Map
    Claim this Listing
    For Lease
    $1,000 /Mo

    COMMERCIAL - Waxahachie, TX

    Lot size:
    1.00 Acre
    Added:
    Feb 2, 2026
    Days on Market:
    121
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for Solon Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    APN
    176531
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    1

    We can help!

    Listing Contact
    Lance Rust

    Listing agent Lance Rust License #0511897

    Listing office Joe Rust Company Waxahachie, TX

    Listing date Feb 2, 2026

    MLS# 20836293

    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

    • 1‑acre lot available for lease or build‑to‑suit
    • Zoned Heavy Industrial, allowing many business uses
    • Convenient access in the NEQ of I‑35E and U.S. Hwy. 287 Bypass (behind Baylor Scott & White Hospital)
    • Public water available
    • Public sewer available
    • Property condition: under construction (year built 2025)

    Overview

    The property is a 1-acre industrial land parcel offered for lease or build-to-suit. It is positioned as an undeveloped site, giving an operator the opportunity to tailor improvements to the intended use within the constraints of local zoning.

    Located in the northeast quadrant of I-35E and U.S. Hwy. 287 Bypass, the site sits behind Baylor Scott & White Hospital, placing it in a well-connected area with practical access to both major roadways. The property is zoned Heavy Industrial, which supports a broad range of industrial and commercial possibilities.

    This offering is well-suited for tenants or developers looking for land that can accommodate multiple types of heavy industrial uses, especially where convenient highway access matters. With its build-to-suit option, the parcel can fit businesses that need a customized site layout rather than an existing facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.8534282
    Latitude
    32.4289177

    Nearby Similar for Lease

    • $1,850/Mo
      2,000 SF

      Warehouse and Flex Space

      Functional warehouse layout with overhead loading and built-in office and restroom for efficient storage and operations.
      1650 Fm 66, Waxahachie, TX 75167
      View Details
    • $1,755/Mo
      1,750 SF

      Warehouse with Overhead Loading Door

      Flexible warehouse space with an overhead garage door, private office, and restroom for storage, distribution, or service operations.
      1650 Fm 66, Waxahachie, TX 75167
      View Details
    • $6,250/Mo

      Historic Office-Retail Building

      Fully renovated historic space with original hardwood floors and flexible first- and second-floor access for service, retail, or office users.
      609 Ferris Avenue, Waxahachie, TX 75165
      View Details
    • $2,359/Mo

      Professional Medical Office Suite

      Office space with reception, multiple offices, conference room, and break area for professional and medical operations.
      115 Park Place Boulevard, Waxahachie, TX 75165
      View Details
    • $7,500/Mo

      Historic Main Street Retail Suite

      Ground-floor retail space in a historic two-story building with ADA access and strong downtown foot traffic.
      114 W Main Street, Waxahachie, TX 75165
      View Details
    • $2,160/Mo
      12,000 SF

      Flex Warehouse with Roll-Up Doors

      New flex/warehouse suites with grade-level roll-up access, restrooms, and 3-phase power in a gated business park setting.
      141 Mustang Road, Waxahachie, TX 75165
      View Details
    • $2,450/Mo

      Medical Office and Retail Building

      Second-generation medical space with multiple offices, reception, and shared bath, plus utilities included for tenant ease.
      201 Ferris Avenue, Waxahachie, TX 75165
      View Details
    • $2,950/Mo

      Second-Gen Medical Office Suite

      Well-appointed medical offices with multiple rooms and utilities included, ideal for an established care practice.
      201 Ferris Avenue, Waxahachie, TX 75165
      View Details
    • $2,685/Mo

      Medical and Office Suite

      Move-in ready suite with six offices and sinks, plus utilities included for a straightforward monthly cost.
      201 Ferris Avenue, Waxahachie, TX 75165
      View Details
    • $3,500/Mo

      Light Industrial Flex Suites

      New flex/warehouse suites with grade-level roll-up access, high ceilings, restrooms, and three-phase power in a gated business park.
      145 Mustang Road, Waxahachie, TX 75165
      View Details
    • $1,400/Mo

      Flex Warehouse Suites with Roll-Up Doors

      New flex/warehouse suites with grade-level roll-up access, high ceilings, and ample parking within a gated business park.
      145 Mustang Road, Waxahachie, TX 75165
      View Details
    • $2,500/Mo

      Flex Warehouse Suites with Roll-Up Doors

      Newly constructed flex warehouse suites in a gated business park with grade-level roll-up doors, restrooms, and three-phase power.
      145 Mustang Road, Waxahachie, TX 75165
      View Details

    FAQs

    What type of property is this?
    Industrial land - Flexible heavy industrial lot with convenient access for build-to-suit or lease needs.
    Where is this industrial land located?
    The property is located at Solon Road Waxahachie, TX.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: 1‑acre lot available for lease or build‑to‑suit; Zoned Heavy Industrial, allowing many business uses; Convenient access in the NEQ of I‑35E and U.S. Hwy. 287 Bypass (behind Baylor Scott & White Hospital)
    (972) 333-4143
    We can help!
    Listing Contact
    Lance Rust
    Real Estate License ID: 0511897
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Solon Road, Waxahachie, TX 75165
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!