Vacant Gas Station
New
For Sale
$890,000
407 W Ennis Avenue, Ennis, TX 75119
Commercial site with existing fuel-related infrastructure and potential for approved retail or convenience-store use.
Property Size5,625 SF
Lot Size0.46 Acres
Price / SF$158.22
Days on Market1
Property Features for 407 W Ennis Avenue
General Information
Standard status
Active
Size
5,625 SF
Lot size
0.46 Acres
Property subtype
Commercial
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Ox Realty Group
(903) 965-3909
Listed By:
Christine Beckendorf
(817) 783-9497
Source:
Txluxere
Added: Sep 8
Last Checked: Sep 8 at 2:49PM
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 Ox Realty Group
Investment Insights
Based on property information with market context.
Located at 407 W Ennis Avenue, the property includes a 5,625-square-foot commercial building on approximately 0.46 acres. Built in 1960, the site contains existing gas-related infrastructure and is being offered vacant in AS-IS condition.
Potential uses identified for the property include a renewed convenience-store and fuel operation, a retail concept, or another commercial venture, subject to applicable approvals. Zoning, permitted uses, utilities, environmental conditions, tank and equipment operability, licenses, permits, regulatory compliance, occupancy requirements, and building condition should be independently verified with the City of Ennis, TCEQ, and other applicable authorities.
Potential uses identified for the property include a renewed convenience-store and fuel operation, a retail concept, or another commercial venture, subject to applicable approvals. Zoning, permitted uses, utilities, environmental conditions, tank and equipment operability, licenses, permits, regulatory compliance, occupancy requirements, and building condition should be independently verified with the City of Ennis, TCEQ, and other applicable authorities.
Key Highlights
- 5,625‑square‑foot commercial building
- Approximately 0.46‑acre site
- Existing gas‑related infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,159
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$583,180
$583.2K
Cap Rate 7%
$416,557
$416.6K
Cap Rate 9%
$323,989
$324.0K
Market Conditions
NOI Build-Up for 5,625 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.7K $8.12/SF
− Vacancy
−$4.0K −$0.71/SF
EGI
$41.7K $7.41/SF
− OpEx
−$12.5K −$2.22/SF
NOI
$29.2K $5.18/SF
Area
Ellis County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$583,180
Cap Rate 7%
$416,557
Cap Rate 9%
$323,989
Alternative Uses
Best Use
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,562 @ 7.0% cap · market cap 11.30%
Second Best
Retail
$1.33M
$1.17M – $1.56M
NOI $93,366 @ 7.0% cap · market cap 10.49%
Theoretical Best
Multifamily LT 5
$61.38M
$53.71M – $71.61M
NOI $4,296,461 @ 7.0% cap · market cap 482.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Commercial site with existing fuel-related infrastructure and potential for approved retail or convenience-store use.
Where is this gas station located?
The property is located at 407 W Ennis Avenue Ennis, TX.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 5,625‑square‑foot commercial building; Approximately 0.46‑acre site; Existing gas‑related infrastructure
