Freestanding Professional Office
New
For Sale
$1,700,000
102 Ymca Drive, Waxahachie, TX 75165
CommercialSale, Waxahachie, TX
Property Size4,172 SF
Lot Size0.75 Acres
Price / SF$407.48
Days on Market2
Property Features for 102 Ymca Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office
Parking features
Parking Lot
Security features
Security
Subdivision
Lakeridge #1-Rev
Directions
See GPS
Standard status
Active
APN
174566
Lot size
0.75 Acres
Taxes and HOA fees
Tax Description
LOT 7 BLK C LAKERIDGE #1-REV .745 AC
Tax Annual Amount
19255
Legal Description
LOT 7 BLK C LAKERIDGE #1-REV .745 AC
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Brick, WoodSiding
Roof type
Composition
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Londa Salazar · License #0747081
(972) 804-4464
Added: Sep 21
Last Checked: Sep 22 at 11:06PM
MLS# 21391275
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 freestanding office property provides approximately 4,172 square feet on a 0.745-acre site and was built in 1986. The partially updated interior includes ten private offices with windows, an open work or meeting area, a larger secondary room, and multiple rooms suitable for office, exam, or treatment functions. Common areas feature tile flooring, while the reception area has a vaulted ceiling. The building also includes a kitchenette-laundry room with cabinetry, quartz-look counters, a dishwasher, washer and dryer connections, and storage closets.
A paved parking lot provides 32 spaces, including accessible parking near the entrance, with additional side parking for staff. Two restrooms include multiple fixtures, double vanities, and stall partitions. A rear service door supports operational access. Public water and public sewer serve the property, with central heating and central air. The building is on YMCA Dr in Waxahachie, near the retail corridor at I-35 and Highway 287 and the Baylor Scott & White Medical Center—Waxahachie healthcare corridor.
A paved parking lot provides 32 spaces, including accessible parking near the entrance, with additional side parking for staff. Two restrooms include multiple fixtures, double vanities, and stall partitions. A rear service door supports operational access. Public water and public sewer serve the property, with central heating and central air. The building is on YMCA Dr in Waxahachie, near the retail corridor at I-35 and Highway 287 and the Baylor Scott & White Medical Center—Waxahachie healthcare corridor.
Key Highlights
- Approximately 4,172 square feet on a 0.745‑acre lot
- Ten private offices with windows, plus open workspace and larger flexible rooms
- 32‑space paved parking lot with accessible parking near the front entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,785
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,395,700
$1.4M
Cap Rate 7%
$996,929
$996.9K
Cap Rate 9%
$775,389
$775.4K
Market Conditions
NOI Build-Up for 4,172 SF
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.
Gross rent
$128.2K $30.72/SF
− Vacancy
−$35.1K −$8.42/SF
EGI
$93.0K $22.30/SF
− OpEx
−$23.3K −$5.58/SF
NOI
$69.8K $16.73/SF
Area
Ellis County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,395,700
Cap Rate 7%
$996,929
Cap Rate 9%
$775,389
Alternative Uses
Best Use
Office B
$996.9K
$872.3K – $1.16M
NOI $69,785 @ 7.0% cap · market cap 4.11%
Second Best
Healthcare Medical
$755.3K
$660.9K – $881.1K
NOI $52,868 @ 7.0% cap · market cap 3.11%
Theoretical Best
Multifamily LT 5
$45.52M
$39.83M – $53.11M
NOI $3,186,638 @ 7.0% cap · market cap 187.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 75165, TX
49,805
Population
18,940
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
118.0 sq mi
ZIP Area
422
Density / Sq Mi
$84,780
Median Household Income
$45,677
Median Earnings
$1,473
Median Rent
$308,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Partially updated workspace with ten windowed private offices and on-site parking.
Where is this office building located?
The property is located at 102 Ymca Drive Waxahachie, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 4,172 square feet on a 0.745‑acre lot; Ten private offices with windows, plus open workspace and larger flexible rooms; 32‑space paved parking lot with accessible parking near the front entrance
