Downtown Bar with
New
For Sale
$299,999
213 E Main Street, Waxahachie, TX 75165
CommercialSale, Waxahachie, TX
Property Size1,475 SF
Lot Size0.06 Acres
Price / SF$203.39
Days on Market6
Property Features for 213 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking features
On Street
Subdivision
O T Waxahachie
Directions
See GPS
Standard status
Active
APN
170542
Size
1,475 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
LOT 4 BLK 40 O T WAXAHACHIE .056 AC
Tax Annual Amount
5624
Legal Description
LOT 4 BLK 40 O T WAXAHACHIE .056 AC
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
charming patio
gathering space
Building Details
Year built
1900
Floors in Building
1
Number of units
1
Flooring type
Wood, Brick
Building materials
Brick
Listing Agency:
Park Place Real Estate
(817) 688-3200
Listed By:
Kelly Horton · License #0418194
(817) 688-3200
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 22 at 2:06AM
MLS# 21361611
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.
Located at 213 E Main Street in downtown Waxahachie, this 1,475-square-foot bar property occupies a 0.056-acre site near the historic Waxahachie Square. The building dates to 1900 and features brick construction with brick and wood flooring, offering a character-rich setting for hospitality or gathering uses.
The property includes a patio, on-street parking, electric heating and cooling, public water, and public sewer. Furniture, fixtures, and equipment are available, providing existing operational components for a bar or hospitality concept. Its central Waxahachie setting and established building character support a compact, customer-oriented commercial format.
The property includes a patio, on-street parking, electric heating and cooling, public water, and public sewer. Furniture, fixtures, and equipment are available, providing existing operational components for a bar or hospitality concept. Its central Waxahachie setting and established building character support a compact, customer-oriented commercial format.
Key Highlights
- 1,475‑square‑foot bar property on a 0.056‑acre site
- Patio included with the property
- Built in 1900 with brick construction
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
$26,369
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
8.79%
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%
$527,380
$527.4K
Cap Rate 7%
$376,700
$376.7K
Cap Rate 9%
$292,989
$293.0K
Market Conditions
NOI Build-Up for 1,475 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
$36.8K $24.96/SF
− Vacancy
−$1.7K −$1.12/SF
EGI
$35.2K $23.84/SF
− OpEx
−$8.8K −$5.96/SF
NOI
$26.4K $17.88/SF
Area
Ellis County, TX
Vacancy
4.50%
Lease Rate
$24.96 /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%
$527,380
Cap Rate 7%
$376,700
Cap Rate 9%
$292,989
Alternative Uses
Best Use
Specialty Retail
$376.7K
$329.6K – $439.5K
NOI $26,369 @ 7.0% cap · market cap 8.79%
Second Best
Retail
$349.8K
$306.0K – $408.1K
NOI $24,483 @ 7.0% cap · market cap 8.16%
Theoretical Best
Multifamily LT 5
$16.09M
$14.08M – $18.78M
NOI $1,126,628 @ 7.0% cap · market cap 375.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
20k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Home Improvements & Furnishings 5%
Dollar Tree
Shops & Services
14,876 visits/mo
0.4 miles
Sunoco
Shops & Services
2,209 visits/mo
0.1 miles
Valvoline Express Care
Shops & Services
1,872 visits/mo
0.4 miles
Rent A Center
Home Improvements & Furnishings
898 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Prime 115 — 114 S Rogers St, Waxahachie, TX 75165
- The Texas Theater — 110 W Main St, Waxahachie, TX 75165
- Southern Roots Brewing Co. - Waxahachie — 421 S College St, Waxahachie, TX 75165
- Cork & Keg — 106 N College St, Waxahachie, TX 75165
- Big Al’s Down The Hatch — 200 S Rogers St, Waxahachie, TX 75165
Frequently Asked Questions
What type of property is this?
Bar & Pub - Brick hospitality space with existing gathering-area improvements and available furniture, fixtures, and equipment.
Where is this bar & pub located?
The property is located at 213 E Main Street Waxahachie, TX.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 1,475‑square‑foot bar property on a 0.056‑acre site; Patio included with the property; Built in 1900 with brick construction
