Flex Space with Drive-Through
3537 S Highway 287, Waxahachie, TX 75165
For Sale
Contact for pricing
Newly built commercial space offers high-clearance functionality and direct Highway 287 access.
Property Size2,500 SF
Price / SF$1.20
Days on Market94
Property Features for 3537 S Highway 287
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Hi View Real Estate
(469) 517-0012
Listed By:
Andrew Garrett · License TX #0588777
(972) 921-1594
Source:
Lonestarluxuryrealty
Added: Aug 10
Changed: Nov 8
Last Checked: Nov 10 at 6:55AM
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
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Investment Insights
Based on property information with market context.
This 2,500-square-foot flex space comprises half of Building A and was built in 2026. The layout is suited to automotive repair, woodworking, light manufacturing, mechanical trades, small printing operations, contractor shops, warehousing, and other commercial businesses. Interior features include an approximately 22-foot peak ceiling, two 16' x 14' drive-through overhead roll-up doors, and a 6-foot personnel entry door.
The property is located at 3537 S Highway 287 in Waxahachie, with access along Highway 287 between Waxahachie and Ennis. The drive-through configuration supports equipment movement, loading, and operational access for businesses requiring a functional flex or light industrial setting.
The property is located at 3537 S Highway 287 in Waxahachie, with access along Highway 287 between Waxahachie and Ennis. The drive-through configuration supports equipment movement, loading, and operational access for businesses requiring a functional flex or light industrial setting.
Key Highlights
- 2,500 SF comprising half of Building A
- Built in 2026
- Approximately 22‑foot peak ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,093
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,860
$241.9K
Cap Rate 7%
$172,757
$172.8K
Cap Rate 9%
$134,367
$134.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$20.4K $8.16/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$18.6K $7.44/SF
− OpEx
−$6.5K −$2.60/SF
NOI
$12.1K $4.84/SF
Area
Ellis County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,860
Cap Rate 7%
$172,757
Cap Rate 9%
$134,367
Alternative Uses
Best Use
Warehouse
$248.4K
$217.3K – $289.8K
NOI $17,385 @ 7.0% cap
Second Best
Industrial
$185.1K
$162.0K – $216.0K
NOI $12,960 @ 7.0% cap
Theoretical Best
Office A
$879.4K
$769.5K – $1.03M
NOI $61,560 @ 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
82
Businesses Nearby
Well-served
Demand for This Use
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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
$308,100
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Ellis County, TX
Properties on Market for Flex space in Ellis County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Bluebonnet BBQ — 3921 US-287, Waxahachie, TX 75165
Frequently Asked Questions
What type of property is this?
Flex space - Newly built commercial space offers high-clearance functionality and direct Highway 287 access.
Where is this flex space located?
The property is located at 3537 S Highway 287 Waxahachie, TX.
What are key features of this property?
This property features: 2,500 SF comprising half of Building A; Built in 2026; Approximately 22‑foot peak ceiling height
