Professional Office
For Sale
$325,000
306 W 6th St, Waxahachie, TX 75165
Three offices, reception, kitchen, break room, bathroom, and dedicated storage support a compact professional layout.
Property Size984 SF
Price / SF$330.28
Days on Market51
Property Features for 306 W 6th St
General Information
Standard status
Active
Size
984 SF
Additional Details
Asking Price
$325,000
Highway Access
Yes
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Batte Realty, Llc
Listed By:
Dan Batte · License #0261343
(214) 497-5091
Source:
Brickstreetrealtygroup
Added: Aug 18
Changed: Sep 4
Last Checked: Oct 5 at 10:17PM
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 Batte Realty, Llc
Investment Insights
Based on property information with market context.
This professional office property at 306 W 6th St includes three separate offices, a reception area, kitchen and break room, bathroom, large storage room, and an additional storage closet. The building dates to 1950 and is currently occupied by several attorneys, including the owner. On-site parking accommodates about 6-7 vehicles.
The property is just north of downtown Waxahachie and one block from Ferris Ave. Downtown is approximately five minutes away, while I-35E is less than 10 minutes from the building. Other potential applications identified for the space include counseling, CPA, legal, real estate, medical, clinic, and art studio uses, subject to city verification. Zoning, permitted uses, building and occupancy codes, utilities, and other applicable requirements must be independently confirmed.
The property is just north of downtown Waxahachie and one block from Ferris Ave. Downtown is approximately five minutes away, while I-35E is less than 10 minutes from the building. Other potential applications identified for the space include counseling, CPA, legal, real estate, medical, clinic, and art studio uses, subject to city verification. Zoning, permitted uses, building and occupancy codes, utilities, and other applicable requirements must be independently confirmed.
Key Highlights
- Three individual offices with a spacious reception area
- Kitchen, break room, bathroom, large storage room, and storage closet
- Currently occupied by several attorneys, including the owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,459
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,180
$329.2K
Cap Rate 7%
$235,129
$235.1K
Cap Rate 9%
$182,878
$182.9K
Market Conditions
NOI Build-Up for 984 SF
Gross rent
$30.2K $30.72/SF
− Vacancy
−$8.3K −$8.42/SF
EGI
$21.9K $22.30/SF
− OpEx
−$5.5K −$5.58/SF
NOI
$16.5K $16.73/SF
Area
Ellis County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,180
Cap Rate 7%
$235,129
Cap Rate 9%
$182,878
Alternative Uses
Best Use
Office B
$235.1K
$205.7K – $274.3K
NOI $16,459 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.74M
$9.39M – $12.53M
NOI $751,594 @ 7.0% cap · market cap 231.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Three offices, reception, kitchen, break room, bathroom, and dedicated storage support a compact professional layout.
Where is this office building located?
The property is located at 306 W 6th St Waxahachie, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three individual offices with a spacious reception area; Kitchen, break room, bathroom, large storage room, and storage closet; Currently occupied by several attorneys, including the owner
