Retail Space with Walk-In
For Sale
Contact for pricing
402 W Ennis Avenue, Ennis, TX 75119
A dedicated sales counter and retained cold-storage equipment support a range of retail operations.
Property Size2,306 SF
Price / SF$1.48
Days on Market11
Property Features for 402 W Ennis Avenue
General Information
Standard status
Active
Size
2,306 SF
Property subtype
Retail
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1950
Tenancy
Single
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 3:19PM
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 Magnorum Realty Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,306-square-foot retail space at 402 W Ennis Avenue includes a walk-in cooler that will remain with the property, along with a counter suited to point-of-sale use. The building dates to 1950 and is located directly on Ennis Avenue.
Key Highlights
- 2,306 SF of retail space
- Walk‑in cooler remains with the space
- Sales counter in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,276
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,520
$765.5K
Cap Rate 7%
$546,800
$546.8K
Cap Rate 9%
$425,289
$425.3K
Market Conditions
NOI Build-Up for 2,306 SF
Gross rent
$57.6K $24.96/SF
− Vacancy
−$2.9K −$1.25/SF
EGI
$54.7K $23.71/SF
− OpEx
−$16.4K −$7.11/SF
NOI
$38.3K $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%
$765,520
Cap Rate 7%
$546,800
Cap Rate 9%
$425,289
Alternative Uses
Best Use
Retail
$546.8K
$478.5K – $637.9K
NOI $38,276 @ 7.0% cap · market cap 1,119.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$25.16M
$22.02M – $29.36M
NOI $1,761,358 @ 7.0% cap · market cap 51,516.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
108k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Dining 32%
Shops & Services 28%
Home Improvements & Furnishings 3%
H-E-B
Groceries
37,504 visits/mo
0.3 miles
H-E-B Fuel
Shops & Services
15,206 visits/mo
0.2 miles
SONIC Drive In
Dining
9,695 visits/mo
0.4 miles
Burger King
Dining
8,098 visits/mo
0.4 miles
Dollar General
Shops & Services
6,652 visits/mo
0.1 miles
Demographics for 75119, TX
28,973
Population
11,738
Households
2.5
Avg Household Size
35
Median Age
20%
College-Educated
80%
High-School Grad
264.2 sq mi
ZIP Area
110
Density / Sq Mi
$76,983
Median Household Income
$41,861
Median Earnings
$1,230
Median Rent
$238,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A dedicated sales counter and retained cold-storage equipment support a range of retail operations.
Where is this retail space located?
The property is located at 402 W Ennis Avenue Ennis, TX.
What are key features of this property?
This property features: 2,306 SF of retail space; Walk‑in cooler remains with the space; Sales counter in place
