Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Tbd-2 Greathouse Rd Waxahachie, TX 75167

    Sponsored
    For Sale
    $375,000

    Unimproved Land - Waxahachie, TX

    Type:Unimproved Land
    Lot size:
    5.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 4 at 8:06 pm

    Property Features for Tbd-2 Greathouse Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    221514
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    5.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jen Smith

    Fathom Realty LLC (888) 455-6040

    Listing agent Jen Smith (888) 455-6040 License #0697712

    Listing date Feb 2, 2026

    MLS# 21098528 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

    Unimproved Land in Waxahachie, TX

    This property offers 5 acres of level, build-ready land situated approximately 30-35 miles from Dallas. Located outside city limits, the land is not subject to city taxes or HOA fees, and has minimal deed restrictions. The property features pipe fencing along the road front. The open layout provides flexibility for various uses, including building a home, adding a workshop, or creating a mini-farm. There is space for a garden, animals, or even a second dwelling. An additional acre may be added for an additional cost. The property is located near 3414 Greathouse Rd, Waxahachie, TX 75167.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Hotel & Motel Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.981961
    Latitude
    32.319803

    Nearby Similar for Sale

    • New
      $1,485,000
      1,800 SF

      Waxahachie Ranch with Animal Facilities

      36+ acre Waxahachie property with home and animal facilities.
      358 E Pecan St, Waxahachie, TX 75165
      View Details
    • New
      $1,150,000
      3,048 SF

      Versatile Farm and Ranch Property

      38.38-acre property with a 3,048 sq ft home and barn.
      2403 Greathouse Rd, Waxahachie, TX 75167
      View Details
    • $1,090,000
      3,292 SF

      Waxahachie Farmhouse with Two Shops

      19.41+ acre Waxahachie property with stunning home and shops.
      3511 Fm 66, Waxahachie, TX 75167
      View Details
    • $499,900
      0.26 Acres

      Historic Retail/Residential Waxahachie Gem

      Historic property with retail zoning and residential income potential.
      609 Ferris Ave, Waxahachie, TX 75165
      View Details
    • $625,000
      2.07 Acres

      Versatile Commercial Property on 2+ Acres

      Two warehouses, office, parking on 2+ acres. Endless potential.
      316 Howard Rd, Waxahachie, TX 75165
      View Details
    • $500,000
      2,400 SF

      Waxahachie Flex Space For Sale

      Flex space with office and warehouse components in excellent condition.
      621 Cow Aly Ave, Waxahachie, TX 75165
      View Details
    • $289,000
      2,612 SF

      Waxahachie Home on 5 Acres

      2-story home on 5 acres with barn and pipe fencing.
      301 Blue Ribbon Rd, Waxahachie, TX 75165
      View Details
    • $995,000
      1.48 Acres

      Waxahachie Industrial Investment Opportunity

      Multi-tenant industrial property on US Hwy 287 between Waxahachie and Ennis.
      3901 Highway 287 S, Waxahachie, TX 75165
      View Details
    • $1,140,000
      2,043 SF

      NNN Ground Lease in Waxahachie

      New 15-year absolute NNN ground lease with rent increases.
      502 Highway 77 N, Waxahachie, TX 75165
      View Details
    • $3,290,000
      6,110 SF

      Waxahachie Retail Investment Opportunity

      Long-term leased retail property with zero landlord responsibility.
      1035 Us 387 Byp, Waxahachie, TX
      View Details
    • $2,950,000

      Highway Accessible Warehouses on Five Acres

      Five acre property with three metal warehouses near Waxahachie.
      3030 Highway 77 S, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      120 SF

      Elegantly Appointed Office Space

      Office space across from Ellis County Courthouse for sale.
      209 E Main St, Waxahachie, TX 75165
      View Details

    FAQs

    What type of property is this?
    Land - 5 acres of build-ready land near Dallas.
    Where is this land located?
    The property is located at Tbd-2 Greathouse Rd Waxahachie, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 5 Acres of Land (Potential for 6 with Optional Acre); - Outside City Limits: No City Taxes, No HOA, Minimal Deed Restrictions; - Easy Commute to Dallas (30-35 Miles)
    (972) 938-2222
    Request Owner's contact information
    Tbd-2 Greathouse Rd Waxahachie, TX 75167
    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.
    Tbd-2 Greathouse Rd
    Waxahachie, TX 75167
    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
    Tbd-2 Greathouse Rd Waxahachie, TX 75167
    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

    We can help!
    Listing Contact
    Jen Smith
    Real Estate License ID: 0697712
    (972) 938-2222
    Learn more
    Google sign-in failed. Please try again or use another login method.