301 Ovilla Rd, Waxahachie, TX
Commercial property with excellent access to I-35 and 287.
- Added:
- Sep 30, 2025
- Days on Market:
- 254
- Last Refresh:
- May 19 at 9:17 pm
Property Features for 301 Ovilla Rd
General Information
- Standard status
- Active
- Size
- 2,536 SF
- Lot size
- 2.36 Acres
- Property subtype
- RETAIL
Listing agent Jimmy Poarch License #0684786 (214) 801-1740
Listing office Hi View Real Estate (214) 801-1740
Listing date Sep 30, 2025
Source Moodyscre
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 Hi View Real Estate
HighLights
- Nearly 3 Acres of Commercial Property
- Excellent Access to I‑35 and 287
- Located on Hwy 664
- Home on Property
- Potential for Cash Flow as Rental Property
- Development Potential
Overview
Local Financial Insights For Retail
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 | $63.3k | $24.96 |
| − Vacancy | −$3.2k | −$1.25 |
| EGI | $60.1k | $23.71 |
| − OpEx | −$18.0k | −$7.11 |
| NOI | $42.1k | $16.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waxahachie
- County
- Ellis
- State
- Texas
- Longitude
- -96.8753
- Latitude
- 32.4145
