Historic Spa & Wellness
302 E Avenue F, Midlothian, TX 76065
For Sale
Contact for pricing
Restored commercial space in Founders Row, currently configured for aesthetician services and adaptable to boutique operations.
Property Size1,300 SF
Price / SF$3.46
Days on Market96
Property Features for 302 E Avenue F
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
CENTURY 21 Judge Fite Company
(972) 723-8231
Listed By:
Jamie Wickliffe · License TX #0368339
(214) 676-2896
Source:
Lonestarluxuryrealty
Added: Aug 8
Changed: Oct 29
Last Checked: Nov 10 at 7:03AM
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 Company
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Investment Insights
Based on property information with market context.
This restored historic property contains approximately 1,300 square feet and is currently configured as an aesthetician studio. Its layout can accommodate retail, salon, spa, wellness, office, boutique, or specialty business operations, subject to applicable requirements. The building dates to 1940, combining historic character with contemporary functionality.
The property is located at 302 E Avenue F in Founders Row, a Midlothian destination with boutique shopping, restaurants, and personal services. Its setting places the space within a walkable commercial district near dining, retail, and community events.
The property is located at 302 E Avenue F in Founders Row, a Midlothian destination with boutique shopping, restaurants, and personal services. Its setting places the space within a walkable commercial district near dining, retail, and community events.
Key Highlights
- Approximately 1,300 square feet of commercial space
- Currently operating as an aesthetician studio
- Located within Founders Row in Midlothian
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,578
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,560
$431.6K
Cap Rate 7%
$308,257
$308.3K
Cap Rate 9%
$239,756
$239.8K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$32.4K $24.96/SF
− Vacancy
−$1.6K −$1.25/SF
EGI
$30.8K $23.71/SF
− OpEx
−$9.2K −$7.11/SF
NOI
$21.6K $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%
$431,560
Cap Rate 7%
$308,257
Cap Rate 9%
$239,756
Alternative Uses
Best Use
Retail
$308.3K
$269.7K – $359.6K
NOI $21,578 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.3K
$400.1K – $533.5K
NOI $32,011 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
62k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
SONIC Drive In
Dining
14,623 visits/mo
0.0 miles
The UPS Store
Shops & Services
7,883 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,433 visits/mo
0.4 miles
Scooter's Coffee
Dining
4,810 visits/mo
0.3 miles
Fuzzy's Taco Shop
Dining
4,676 visits/mo
0.5 miles
Demographics for 76065, TX
42,827
Population
15,081
Households
2.8
Avg Household Size
37
Median Age
36%
College-Educated
92%
High-School Grad
100.9 sq mi
ZIP Area
424
Density / Sq Mi
$123,664
Median Household Income
$61,420
Median Earnings
$1,873
Median Rent
$378,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Frontline Health & Wellness — 200 S 14th St Ste 110, Midlothian, TX 76065
- Dr. Jonathan McConduit, DC — 218 W Avenue F, Midlothian, TX 76065
- Winks Lash Lounge — 110 N 6th St, Midlothian, TX 76065
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Restored commercial space in Founders Row, currently configured for aesthetician services and adaptable to boutique operations.
Where is this spa & wellness property located?
The property is located at 302 E Avenue F Midlothian, TX.
What are key features of this property?
This property features: Approximately 1,300 square feet of commercial space; Currently operating as an aesthetician studio; Located within Founders Row in Midlothian
