Flex Space with Office and
621 Cow Alley Rd Waxahachie, TX
For Sale
$479,000
Flex property includes an entry area suitable for reception or showroom, plus heated, fully air-conditioned office space and warehouse area.
Property Size2,400 SF
Price / SF$199.58
Days on Market510
Property Features for 621 Cow Alley Rd
General Information
- Standard status
- Active
- Size
- 2,400 SF
Listing Agency:
fathom realty
(888) 455-6040
Listed By:
Jaime Eagleson · License #0662964
(888) 455-6040
Source:
Exprealty
Added: Feb 28, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of fathom realty
Investment Insights
Based on property information with market context.
This flex space is arranged with a main entry area that can be used as a reception, showroom, or office, along with one additional office. The remaining portion of the space functions as warehouse area. Both the office areas and the warehouse have heating, and the office areas are fully air conditioned. A single bathroom is located in the warehouse.
Transaction is for sale. Public remarks indicate planned development zoning and note that seller financing may be a possibility.
The building’s configuration supports a combined front office/showroom presence with back-of-house warehouse functionality, with heating and cooling in the office portion already in place.
Transaction is for sale. Public remarks indicate planned development zoning and note that seller financing may be a possibility.
The building’s configuration supports a combined front office/showroom presence with back-of-house warehouse functionality, with heating and cooling in the office portion already in place.
Key Highlights
- Flex space with a main entry area suitable for reception, showroom, or office
- Additional office space plus remaining warehouse area
- Office and warehouse both have heating
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.7k | $30.72 |
| − Vacancy | −$20.2k | −$8.42 |
| EGI | $53.5k | $22.30 |
| − OpEx | −$13.4k | −$5.58 |
| NOI | $40.1k | $16.73 |
2,400 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$573.5K
$501.8K – $669.1K
NOI $40,145 @ 7.0% cap · market cap 8.38%
Second Best
Warehouse
$238.4K
$208.6K – $278.2K
NOI $16,689 @ 7.0% cap · market cap 3.48%
Theoretical Best
Multifamily LT 5
$26.19M
$22.91M – $30.55M
NOI $1,833,157 @ 7.0% cap · market cap 382.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Mayeth's Kitchen (authentic home cooked Filipino Food and dessert) — 703 S College St, Waxahachie, TX 75165
FAQs
What type of property is this?
Flex space - Flex property includes an entry area suitable for reception or showroom, plus heated, fully air-conditioned office space and warehouse area.
Where is this flex space located?
The property is located at 621 Cow Alley Rd Waxahachie, TX.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Flex space with a main entry area suitable for reception, showroom, or office; Additional office space plus remaining warehouse area; Office and warehouse both have heating
