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    301 Ovilla Rd Waxahachie, TX 75167

    For Sale
    $749,900

    Highway 664, 2.85 Acres, High Traffic

    Property size:
    2,536 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional 2.85-acre commercial property, located at 301 Ovilla Road in Waxahachie, Texas, presents a unique investment opportunity. Boasting a prime location on Highway 664, this property offers unparalleled access to major transportation arteries, including Interstate 35 and Highway 287, ensuring high visibility and convenient access for businesses and customers. The existing home on the property, totaling 2,536 square feet, presents a potential source of immediate cash flow through continued rental income. This allows for flexibility

    Property Features for 301 Ovilla Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,536 SF
    Lot Size
    124,146 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Pharmacy Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.87531
    Latitude
    32.41449

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    FAQs

    What type of property is this?
    Commercial real estate - Highway 664, 2.85 Acres, High Traffic
    Where is this commercial real estate located?
    The property is located at 301 Ovilla Rd Waxahachie, TX.
    What is the asking price?
    The asking price for this property is $749,900.
    Request Owner's contact information
    301 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
    301 Ovilla Rd Waxahachie, TX 75167
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