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    1111 Ovilla Rd Waxahachie, TX 75167

    For Sale
    $850,000

    2.45 Acres, 2169 SF Building, High Traffic

    Property size:
    2,169 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 2.45-acre commercial lot presents a prime investment opportunity in Waxahachie, Texas. Situated on a hard corner of Ovilla Road, a major arterial thoroughfare undergoing a significant four-lane expansion by TxDOT, this property boasts unparalleled visibility and accessibility. The existing 2,169 square foot residence offers immediate utility as an office or rental property while plans for commercial development are underway. The property's strategic location provides direct access to IH-35 and HWY 287, ensuring convenient connectivity. Furthermore, the site benefits from the proximity of a planned residential development encompassing over 1,200 new homes, creating a substantial customer base. Existing commercial development to the east, including new manufacturing and data facilities, adds to the area's economic vitality. Water and sewer utilities are readily available. While currently zoned single-family residential (SFR), the Future Land Use Plan designates this site for commercial use, making it ideal for a convenience store, local retail establishment, or professional office center. The platted lot's net acreage accurately reflects the completed right-of-way dedication associated with the road expansion. This property represents a rare chance to capitalize on a rapidly growing area with exceptional potential for future development and high return on investment. Priced at $850,000.

    Property Features for 1111 Ovilla Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,169 SF
    Lot Size
    106,722 SF

    Building Details

    Year Built
    1986
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Clothing Store Building Supply Auto Repair Shop Auto Parts Store HVAC Service Women's Store Storage Facility Carpet & Flooring Store Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.87409
    Latitude
    32.44426

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    FAQs

    What type of property is this?
    Commercial real estate - 2.45 Acres, 2169 SF Building, High Traffic
    Where is this commercial real estate located?
    The property is located at 1111 Ovilla Rd Waxahachie, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    Request Owner's contact information
    1111 Ovilla Rd Waxahachie, TX 75167
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    Realmo Value Estimation

    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.

    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.

    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
    1111 Ovilla Rd Waxahachie, TX 75167
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