Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4712 W Main St Midlothian, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Development land in Midlothian, TX, with excellent freeway visibility.

    Type:LAND
    Lot size:
    1.51 Acres
    Added:
    Apr 4, 2025
    Days on Market:
    386
    Last Refresh:
    Apr 5 at 11:04 pm

    Property Features for 4712 W Main St

    General Information

    Standard status
    Active
    Lot size
    1.51 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 4712 W Main St Contact us

    We can help!

    Listing Contact
    Tim Thompson

    Listing agent Tim Thompson

    Listing office Crestview Real Estate

    Listing date Apr 4, 2025

    Source Moodyscre

    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 Crestview Real Estate

    Overview

    Prime Development Land For Lease

    This prime development land is located in Midlothian, Texas, approximately 30 minutes south of the DFW Metroplex. The property features excellent freeway visibility with frontage along Highways 287 and 67. Situated along a retail thoroughfare, it is located catty-corner from a Walmart Supercenter. The area is part of the rapidly growing Ellis County suburb. The zoning is PD-179 Community Retail (CR) District, which allows for a variety of uses including retail, restaurant, medical, professional office, and financial institution.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Dental Office Nail Salon Hotel & Motel Skin Care Clinic Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.9386
    Latitude
    32.456

    Nearby Similar for Lease

    • $2,350/Mo

      Modern Office-Retail Suite in Midlothian

      Move-in-ready commercial space in a growing commercial corridor.
      529-533 George Hopper Road, Midlothian, TX 76065
      View Details
    • $30 SF/Yr

      Functional Office Suite in Midlothian

      Efficient office space suitable for medical, legal, or general use.
      203 George Hopper Road, Midlothian, TX 76065
      View Details
    • $10,000/Mo

      Adaptable Office/Warehouse Space Available

      Versatile 13,130 SF Midlothian space with office and warehouse.
      575 Proffitt Street, Midlothian, TX 76065
      View Details
    • $4,700/Mo

      Updated Office Space on Main

      Charming, updated office space near historic Downtown Midlothian.
      617 W Main Street, Midlothian, TX 76065
      View Details
    • $6,500/Mo

      Historic Office Building in Midlothian

      Charming 1919 office building with original architectural details for lease.
      508 S 9th Street, Midlothian, TX 76065
      View Details
    • $3,250/Mo

      Updated Office Space in Midlothian

      Modern office space near revitalized downtown Midlothian. Perfect for professionals.
      105 N 6th Street, Midlothian, TX 76065
      View Details
    • $3,450/Mo

      Updated Office Space in Midlothian

      Prime ground-floor office space in Historic Downtown Midlothian.
      330 N 8th Street, Midlothian, TX 76065
      View Details
    • $30 SF/Yr

      Functional Office Suite in Midlothian

      Efficient office space suitable for medical, legal, or general use.
      203 George Hopper Road, Midlothian, TX 76065
      View Details
    • $34 SF/Yr

      Downtown Midlothian Retail Opportunity

      Retail and studio spaces for lease in downtown Midlothian.
      301 MAIN Street, Midlothian, TX 76065
      View Details
    • $39 SF/Yr

      Retail and Studio Spaces Available

      Newly renovated retail and studio spaces in downtown Midlothian.
      301 W Main Street, Midlothian, TX 76065
      View Details
    • $1,000/Mo

      Office Space in Midlothian, TX

      Single and multiple office spaces available for rent.
      101 S 3rd Street, Midlothian, TX 76065
      View Details
    • $12 SF/Yr

      Corner Lot on Main Street

      Commercial property for rent on Main Street and 3rd.
      617 W Main Street, Midlothian, TX 76065
      View Details

    FAQs

    What type of property is this?
    Land - Development land in Midlothian, TX, with excellent freeway visibility.
    Where is this land located?
    The property is located at 4712 W Main St Midlothian, TX.
    What are key features of this property?
    This property features: Prime development land with excellent freeway visibility along Highways 287 and 67.; Located in rapidly growing Ellis County, just 30 minutes south of the DFW Metroplex.; Zoned PD‑179 Community Retail (CR) District, allowing for diverse uses (retail, restaurant, office, etc.).
    (214) 365-4632 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tim Thompson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!