Storefront Property with Covered
223 S Hwy 77, Waxahachie, TX 75165
For Sale
New
$699,900
Two renovated buildings include three-phase power, finished interior space, and a covered outdoor area.
Property Size2,320 SF
Price / SF$301.68
Days on Market7
Property Features for 223 S Hwy 77
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Building Details
Year Built
Buildings
Listing Agency:
CENTURY 21 Judge Fite
Listed By:
Tammye Rushing · License #0646129
(214) 920-9611
Source:
Dfwareahousehunt
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 8 at 7:10AM
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 CENTURY 21 Judge Fite
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property at 223 S Hwy 77 in Waxahachie includes two renovated buildings totaling 2,320 square feet. The front building faces Highway 77 and has three-phase electrical service. A separate finished space features recessed lighting, while active drains serve the back room, storage building, and carport. A covered patio adds outdoor space to the property.
The site spans just over half an acre along Highway 77. Both building roofs are approximately two years old.
The site spans just over half an acre along Highway 77. Both building roofs are approximately two years old.
Key Highlights
- Two renovated buildings totaling 2,320 square feet
- Just over half an acre with Highway 77 frontage
- Three‑phase electrical power in the front building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,508
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,160
$770.2K
Cap Rate 7%
$550,114
$550.1K
Cap Rate 9%
$427,867
$427.9K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$57.9K $24.96/SF
− Vacancy
−$2.9K −$1.25/SF
EGI
$55.0K $23.71/SF
− OpEx
−$16.5K −$7.11/SF
NOI
$38.5K $16.60/SF
Area
Ellis County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,160
Cap Rate 7%
$550,114
Cap Rate 9%
$427,867
Alternative Uses
Best Use
Retail
$550.1K
$481.4K – $641.8K
NOI $38,508 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$816.1K
$714.1K – $952.1K
NOI $57,128 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,153
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
0.3 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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Storefront properties in Ellis County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- FRESH Flowers and Gatherings — 315 W Main St, Waxahachie, TX 75165
- EUBANK FLORIST & GIFTS — 107 W Franklin St, Waxahachie, TX 75165
- Blooms & More Flowers & Gifts — 301 N Elm St, Waxahachie, TX 75165
- FLORA — 500 W Main St, Waxahachie, TX 75165
Frequently Asked Questions
What type of property is this?
Storefront property - Two renovated buildings include three-phase power, finished interior space, and a covered outdoor area.
Where is this storefront property located?
The property is located at 223 S Hwy 77 Waxahachie, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two renovated buildings totaling 2,320 square feet; Just over half an acre with Highway 77 frontage; Three‑phase electrical power in the front building
