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    Automotive Parking Lot with Hwy Exposure Title is generated by Realmo AI

    315 N IH 45 Expressway, Hutchins, TX 75141

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    Claim this Listing
    For Sale
    $1,200,000

    COMMERCIAL - Hutchins, TX

    Property size:
    1,215 SF
    Lot size:
    1.01 Acres
    Price / SF:
    $987/SF
    Added:
    Oct 10, 2025
    Days on Market:
    238
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 315 N IH 45 Expressway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    300020000A01R0000
    Size
    1,215 SF
    Lot size
    1.01 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1995
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Wendi Beverly Flanagan

    Listing agent Wendi Beverly Flanagan License #0487058

    Listing office Keller Williams Realty Waxahachie, TX

    Listing date Oct 10, 2025

    MLS# 21076911

    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.

    HighLights

    • 1.01‑acre property with highway frontage and two points of ingress/egress
    • Paved and fenced site with direct signage exposure to I‑45
    • Metal roof; brick construction; tile flooring
    • Building features include a reception area, restroom, kitchenette, and two private offices
    • Zoned as Special Use; previously used as a resale car lot
    • Public utilities: public water and public sewer

    Overview

    This property consists of a paved and fenced site with two points of ingress and egress, designed for flexible vehicle or operational storage. A building on-site includes a reception area, restroom, kitchenette, and two private offices, providing a functional workspace for day-to-day management. The property is also set up for on-site customer and employee flow, with direct visibility for prospective drivers.

    Located on the I-45 Expressway corridor with highway frontage, the site benefits from direct signage exposure to passing traffic. The listing also notes it is within the Dallas Logistics Hub area and currently zoned as Special Use. The property was previously used as a resale car lot, and the current improvements support that type of operational footprint.

    Given the combination of visibility, fenced paved area, and office support, this asset can work well for automotive-related operations, including storage, sales, or other vehicle service and logistics functions that benefit from easy access and roadside recognition. It may also appeal to retailers seeking a prominent, drive-by oriented site, especially those aligned with the surrounding mix of local businesses cited in the listing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Similar Places Nearby

    • Stoughton Lease - Dallas — 1301 Fulghum Rd, Hutchins, TX 75141
    • U-Haul Neighborhood Dealer — 1211 Fulghum Rd, Hutchins, TX 75141
    • United Rentals — 905 S Ih, 45 N Fwy Service Rd, Hutchins, TX 75141

    Map

    City
    Hutchins
    County
    Dallas
    State
    Texas
    Longitude
    -96.709323
    Latitude
    32.650557

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    FAQs

    What type of property is this?
    Parking lot & garage - Paved, fenced lot with two ingress-egress points, a small office buildout, and direct I-45 signage exposure for automotive, retail, or logistics use.
    Where is this parking lot & garage located?
    The property is located at 315 N IH 45 Expressway Hutchins, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 1.01‑acre property with highway frontage and two points of ingress/egress; Paved and fenced site with direct signage exposure to I‑45; Metal roof; brick construction; tile flooring
    (972) 935-5251
    We can help!
    Listing Contact
    Wendi Beverly Flanagan
    Real Estate License ID: 0487058
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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