High-Visibility Commercial Development
4611 FM 1387 Midlothian, TX 76065
For Sale
$1,200,000
4.04-acre site with utilities in place and strong traffic near major thoroughfares.
Property Size2,316 SF
Lot Size4.04 Acres
Price / SF$518.13
Days on Market44
Property Features for 4611 FM 1387
General Information
- Standard status
- Active
- Size
- 2,316 SF
- Lot size
- 4.04 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1974
Listing Agency:
All City Real Estate, Ltd Co
(972) 523-4664
Listed By:
Donna David
(972) 523-4664
Source:
Xome
Added: Jun 14
Changed: Jul 25
Last Checked: Jul 26 at 2:58AM
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 All City Real Estate, Ltd Co
Investment Insights
Based on property information with market context.
This 4.04-acre commercial development land parcel is currently used as residential, with utilities on the property. The site is described as high-visibility, providing a foundation for a range of retail and service-oriented concepts.
Located at 4611 FM 1387 in Midlothian, TX, the property is positioned near schools and is surrounded by existing development with commercial-retail activity. Nearby references include Starbucks, Tom Thumb, and Walnut Grove Academy, along with residential communities and other retail and service businesses. The offering also notes convenient access to major thoroughfares and strong traffic counts, supporting day-to-day customer access for future development.
Located at 4611 FM 1387 in Midlothian, TX, the property is positioned near schools and is surrounded by existing development with commercial-retail activity. Nearby references include Starbucks, Tom Thumb, and Walnut Grove Academy, along with residential communities and other retail and service businesses. The offering also notes convenient access to major thoroughfares and strong traffic counts, supporting day-to-day customer access for future development.
Key Highlights
- 4.04‑acre commercial development site
- Utilities on property
- Strong traffic counts and convenient access to major thoroughfares
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.1k | $30.72 |
| − Vacancy | −$19.5k | −$8.42 |
| EGI | $51.7k | $22.30 |
| − OpEx | −$12.9k | −$5.58 |
| NOI | $38.7k | $16.73 |
2,316 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$553.4K
$484.3K – $645.7K
NOI $38,740 @ 7.0% cap · market cap 3.23%
Second Best
Retail
$549.2K
$480.5K – $640.7K
NOI $38,442 @ 7.0% cap · market cap 3.20%
Theoretical Best
Multifamily LT 5
$25.27M
$22.11M – $29.48M
NOI $1,768,996 @ 7.0% cap · market cap 147.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - 4.04-acre site with utilities in place and strong traffic near major thoroughfares.
Where is this commercial land located?
The property is located at 4611 FM 1387 Midlothian, 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: 4.04‑acre commercial development site; Utilities on property; Strong traffic counts and convenient access to major thoroughfares
