Vacant Gas Station
New
For Sale
$890,000
407 W Ennis Avenue, Ennis, TX 75119
CommercialSale, Ennis, TX
Property Size5,625 SF
Lot Size0.46 Acres
Price / SF$158.22
Days on Market1
Property Features for 407 W Ennis Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
DOWNTOWN APPROACH 1
Parking features
Assigned
Subdivision
O T Ennis
Directions
see gps
Standard status
Active
APN
158432
Lot size
0.46 Acres
Taxes and HOA fees
Tax Description
LOT 11-17 BLK 154 O T ENNIS .462 AC
Tax Annual Amount
22532
Legal Description
LOT 11-17 BLK 154 O T ENNIS .462 AC
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick
Roof type
Composition
Listing Agency:
OmniMain Realty
Listed By:
Danie LaRue · License #0707363
(469) 559-9804
Added: Sep 7
Last Checked: Sep 7 at 8:06AM
MLS# 21375582
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.
Investment Insights
Based on property information with market context.
This vacant gas station property includes a 5,625 SF commercial building on approximately 0.462 acres. Built in 1960, the structure has brick construction, concrete flooring, central heating, and central air conditioning. Existing gas-related infrastructure remains on the site, while the property is offered AS-IS. Any future fuel, convenience, retail, or other commercial use is subject to applicable approvals and independent verification of zoning, permitted uses, utilities, environmental conditions, equipment, and regulatory requirements.
The property is located at 407 W Ennis Avenue in Ennis, Texas, with public water and public sewer service. Assigned parking is listed among the site features, and the roof is composition.
The property is located at 407 W Ennis Avenue in Ennis, Texas, with public water and public sewer service. Assigned parking is listed among the site features, and the roof is composition.
Key Highlights
- 5,625 SF commercial building on approximately 0.462 acres
- Existing gas‑related infrastructure on a vacant commercial site
- Built in 1960 with brick construction and concrete flooring
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
Lease Details
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Gas station - Vacant commercial site with existing fuel-related infrastructure and a substantial enclosed building.
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 SF commercial building on approximately 0.462 acres; Existing gas‑related infrastructure on a vacant commercial site; Built in 1960 with brick construction and concrete flooring
