Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Second-Floor Office Suite Title is generated by Realmo AI

    501 W Avenue F, Midlothian, TX 76065

    View on Map
    Claim this Listing
    New
    For Lease
    $675/Mo $79 SF/Yr (calc)

    COMMERCIAL - Midlothian, TX

    Type:Office
    Property size:
    102 SF
    Lot size:
    0.50 Acres
    Added:
    May 29, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 501 W Avenue F

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    On Street, Open
    Standard status
    Active
    APN
    193541
    Lot size
    0.50 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1921
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Clark Wickliffe

    Listing agent Clark Wickliffe License #0647052

    Listing office RE/MAX FRONTIER MIDLOTHIAN, TX

    Listing date May 29, 2026

    MLS# 21283315

    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.

    HighLights

    • Suite 204 is a private, second‑floor office offering 102 SF
    • Shared amenities include a coffee bar lounge, conference room, and on‑site restrooms
    • NNN lease structure with base rent plus CAM at $2.25 per SF
    • Building has on‑site parking with open and on‑street parking
    • Historic 1921 brick building with hardwood flooring, central heating, and central air
    • Utilities/services: public water and public sewer; roof is composition

    Overview

    Suite 204 at Union House offers a quiet, private second-floor office with modern finishes in a historic 1921 landmark setting. The suite provides shared access to a stylish coffee bar lounge, a conference room, and on-site restrooms, supporting both focused work and client-friendly meetings. The space is offered under an NNN lease structure, with base rent plus CAM.

    Union House is located in the heart of downtown Midlothian, within walking distance to local dining and city offices. On-site parking is available for tenants and visitors. The building’s multi-tenant format is designed to create a professional office environment while keeping amenities close at hand.

    This suite is a strong fit for professionals and small teams seeking a private office with shared collaborative space, rather than a fully standalone setup. The mix of a dedicated suite and communal areas—coffee lounge, conference room, and restrooms—makes it practical for businesses that host internal meetings or meet clients occasionally. Tenants looking for a downtown office presence in a repurposed historic property may find Union House well suited to their day-to-day needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.998053
    Latitude
    32.483611

    Nearby Similar for Lease

    • $30 SF/Yr
      815 SF

      Midlothian Studio Space Available

      Move-in ready studio space in a premier mixed-use destination.
      301 W Main Street, Midlothian, TX 76065
      View Details
    • $2,038/Mo
      815 SF

      Midlothian Studio Space Available

      Move-in ready studio space in a mixed-use destination.
      301 W Main Street, Midlothian, TX 76065
      View Details
    • $1,250/Mo
      290 SF

      Historic Office Space in Midlothian

      Premier multi-tenant office space in historic 1921 landmark.
      501 W Avenue F, Midlothian, TX 76065
      View Details
    • $800/Mo
      135 SF

      Historic Office Space in Midlothian

      Premier multi-tenant office space in historic downtown Midlothian.
      501 W Avenue F, Midlothian, TX 76065
      View Details
    • $725/Mo
      112 SF

      Historic Office Space in Midlothian

      Premier multi-tenant office space in historic 1921 landmark.
      501 W Avenue F, Midlothian, TX 76065
      View Details
    • $750/Mo
      156 SF

      Historic Office Space in Midlothian

      Premier multi-tenant office space in the heart of downtown.
      501 W Avenue F, Midlothian, TX 76065
      View Details
    • $675/Mo
      112 SF

      Historic Office Space in Midlothian

      Premier multi-tenant office community in historic 1921 landmark.
      501 W Avenue F, Midlothian, TX 76065
      View Details
    • $700/Mo
      140 SF

      Historic Office Space in Midlothian

      Premier multi-tenant office space in historic downtown Midlothian.
      501 W Avenue F, Midlothian, TX 76065
      View Details
    • $700/Mo
      140 SF

      Historic Office Space in Midlothian

      Premier multi-tenant office space in historic downtown Midlothian.
      501 W Avenue F, Midlothian, TX 76065
      View Details
    • $675/Mo
      85 SF

      Historic Office Space in Midlothian

      Premier multi-tenant office space in downtown Midlothian.
      501 W Avenue F, Midlothian, TX 76065
      View Details
    • $700/Mo
      140 SF

      Historic Office Space in Midlothian

      Premier multi-tenant office space in historic downtown Midlothian.
      501 W Avenue F, Midlothian, TX 76065
      View Details
    • $2,350/Mo
      730 SF

      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

    FAQs

    What type of property is this?
    Office units - Quiet private office on the second floor with shared conference, coffee lounge, and on-site restrooms.
    Where is this office units located?
    The property is located at 501 W Avenue F Midlothian, TX.
    What is the lease rate?
    The lease rate is $675 /Mo.
    What are key features of this property?
    This property features: Suite 204 is a private, second‑floor office offering 102 SF; Shared amenities include a coffee bar lounge, conference room, and on‑site restrooms; NNN lease structure with base rent plus CAM at $2.25 per SF
    (469) 846-0123
    We can help!
    Listing Contact
    Clark Wickliffe
    Real Estate License ID: 0647052
    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

    Thank You for Inquiry
    501 W Avenue F, Midlothian, TX 76065
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!