Storefront Property with Covered
223 S Highway 77, Waxahachie, TX 75165
For Sale
$699,900
CommercialSale, Waxahachie, TX
Property Size2,320 SF
Lot Size0.52 Acres
Price / SF$301.68
Days on Market11
Property Features for 223 S Highway 77
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
covered patio
carport
finished walls
recessed lighting
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
CENTURY 21 Judge Fite · Century 21 Real Estate
(817) 573-8801
Listed By:
Tammye Rushing · License TX #0646129
(214) 920-9611
Added: Nov 3
Changed: Nov 10
Last Checked: Nov 13 at 8:06PM
MLS# 21427103
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.
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Investment Insights
Based on property information with market context.
This storefront property includes two renovated buildings totaling 2,320 square feet on a 0.515-acre parcel. A covered patio adds outdoor space. The front building faces Highway 77 and has three-phase electrical service; active drains are located in its back room, the storage building, and the carport. The storage building has finished walls and recessed lighting. Both buildings have roofs approximately two years old.
The property is at 223 S Highway 77 in Waxahachie, with direct frontage on the highway. Central heating and air conditioning serve the buildings. Public water and sewer are available, and parking features include a driveway, carport, and alley access.
The property is at 223 S Highway 77 in Waxahachie, with direct frontage on the highway. Central heating and air conditioning serve the buildings. Public water and sewer are available, and parking features include a driveway, carport, and alley access.
Key Highlights
- Two renovated buildings totaling 2,320 square feet
- 0.515‑acre parcel with a covered patio
- Front building has direct Highway 77 frontage and three‑phase electrical power
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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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 updated buildings offer flexible commercial space, with three-phase power in the highway-facing structure.
Where is this storefront property located?
The property is located at 223 S Highway 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; 0.515‑acre parcel with a covered patio; Front building has direct Highway 77 frontage and three‑phase electrical power
