Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    203 S Interstate Highway 45 Ennis, TX 75119

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Restaurant space for lease with high visibility and accessibility.

    Property size:
    3,591 SF
    Lot size:
    0.71 Acres

    Property Features for 203 S Interstate Highway 45

    General Information

    Size
    3,591 SF
    Lot size
    0.71 Acres

    We can help!

    Listing Contact
    Daniel Frid
    Daniel Frid
    Source: Moodyscre

    Listing Agent: Daniel Frid

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Restaurant Space on Interstate Highway

    This 3,591 square foot restaurant space is available for lease. It is located on Interstate Highway 45 in Ennis, Texas, and benefits from high visibility and easy access from both the on and off ramps. The surrounding area includes a mix of restaurant and retail businesses, such as Walmart Supercenter, Aaron’s Furniture, Hibbett Sports, Taco Bell, Whataburger, and Chick Fil A.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ennis
    County
    Ellis
    State
    Texas
    Longitude
    -96.616618
    Latitude
    32.332317

    Nearby Similar for Lease

    • $3,300 /Mo
      3,267 SF

      Downtown Ennis Retail Space Available

      Prime retail space in historic downtown Ennis, Texas.
      109 SW Main St, Ennis, TX 75119
      View Details
    • $5,000 /Mo
      11,500 SF

      Historic Ennis Retail/Office Space

      Unique commercial space in historic Livery Building, downtown Ennis.
      213 W Ennis Ave, Ennis, TX 75119
      View Details
    • $5,000 /Mo
      1,612 SF

      Historic Retail Space in Ennis

      Charming commercial space in downtown Ennis, TX, with historic features.
      207 W Ennis Ave, Ennis, TX 75119
      View Details
    • $2,400 /Mo
      70 SF

      Commercial Property in Ennis, TX

      Spacious commercial property with open layout, ideal for various businesses.
      1108 NE Main St, Ennis, TX 75119
      View Details
    • $1,800 /Mo
      50,835 SF

      Ennis Office Space For Lease

      Office suite suitable for various businesses in a visible location.
      601 S Clay St, Ennis, TX 75119
      View Details
    • $3,000 /Mo
      11,099 SF

      Ennis, TX - Business Opportunity

      Carwash or drive-thru opportunity in Ennis, near upcoming library.
      410 W Ennis Ave, Ennis, TX 75119
      View Details
    • Contact for pricing
      10,286 SF

      Adaptable Flex Space in Ennis

      10,286 SF flex space available for lease in Ennis, TX.
      1301 S Kaufman St, Ennis, TX 75119
      View Details
    • Contact for pricing
      4,160 SF

      Former Restaurant Space in Ennis, TX

      Vacant 4,160 SF building in Dallas MSA for lease.
      111 S Interstate Highway 45, Ennis, TX 75119
      View Details
    • $14 SF/Yr
      12,200 SF

      High Point Centre: Ennis, TX

      12,200 SF Retail Center, High Visibility
      2400 Ennis Ave, Ennis, TX 75119
      View Details
    • $15 SF/Yr
      31,396 SF

      Ennis Plaza Office Suites Available

      Prime Ennis, TX Office Space: 1,200-5,500 SF
      1012 Ennis Ave, Ennis, TX 75119
      View Details
    • $3,000 /Mo
      3,600 SF

      End-Cap Spaces Ready For Lease

      Multiple suites available for medical or restaurant tenants.
      1200 Dolfie Ln, Ennis, TX 75119
      View Details
    • $4 SF/Yr
      62,500 SF

      Ennis Warehouse with Six Docks

      62,500 SF warehouse on 2.13 acres with six docks.
      2407 N Preston St, Ennis, TX 75119
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - Restaurant space for lease with high visibility and accessibility.
    Where is this turn key restaurant located?
    The property is located at 203 S Interstate Highway 45 Ennis, TX.
    What are key features of this property?
    This property features: - Located directly on I-45 with easy access from on and off ramps.; - Surrounded by restaurant and retail businesses.; - Located in the heart of Ennis, TX.
    (214) 501-5108
    Request Owner's contact information
    203 S Interstate Highway 45 Ennis, TX 75119
    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.
    203 S Interstate Highway 45
    Ennis, TX 75119
    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
    203 S Interstate Highway 45 Ennis, TX 75119
    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
    Daniel Frid
    Daniel Frid
    (214) 501-5108
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.