Commercial and Agricultural
5014 E FM 875, Waxahachie, TX 75167
For Sale
Contact for pricing
High visibility land near downtown Waxahachie, suitable for various uses.
Property Size2,540 SF
Price / SF$177.17
Days on Market272
Property Features for 5014 E FM 875
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Listing Agency:
NextHome Property Advisors
Listed By:
Kent Bush · License TX #0610520
(214) 325-6931
Source:
Crexi
Added: Feb 13
Changed: Nov 3
Last Checked: Nov 10 at 6:16AM
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 NextHome Property Advisors
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Investment Insights
Based on property information with market context.
This property presents a commercial and agricultural opportunity with high visibility along East FM 875, located minutes from downtown Waxahachie in Ellis County. The level tract offers road frontage and easy access. The location and light deed restrictions make it suitable for commercial, mixed-use, event, or agricultural uses. The property is currently maintained in agricultural use. Arena sand is already installed, providing functionality for equestrian events, rodeos, training operations, or venue space. The site benefits from daily traffic exposure and proximity to expanding residential rooftops and retail corridors. This location is suitable for investors, developers, or owner-users seeking convenience store, retail, restaurant, service business, or event facility potential. The property size is 2540 square feet.
Key Highlights
- High visibility location on East FM 875, minutes from downtown Waxahachie in fast‑growing Ellis County.
- Flexible county location with light deed restrictions suitable for commercial, mixed‑use, event, or agricultural uses.
- Arena sand already installed, ready for equestrian events, rodeos, or venue space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,147
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,940
$582.9K
Cap Rate 7%
$416,386
$416.4K
Cap Rate 9%
$323,856
$323.9K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$54.9K $21.60/SF
− Vacancy
−$8.2K −$3.24/SF
EGI
$46.6K $18.36/SF
− OpEx
−$17.5K −$6.89/SF
NOI
$29.1K $11.48/SF
Area
Ellis County, TX
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,940
Cap Rate 7%
$416,386
Cap Rate 9%
$323,856
Alternative Uses
Best Use
Mixed Use
$416.4K
$364.3K – $485.8K
NOI $29,147 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$893.5K
$781.8K – $1.04M
NOI $62,545 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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Business Placement
Demographics for 75167, TX
12,455
Population
4,298
Households
2.9
Avg Household Size
39
Median Age
34%
College-Educated
89%
High-School Grad
95.8 sq mi
ZIP Area
130
Density / Sq Mi
$113,409
Median Household Income
$50,161
Median Earnings
$1,934
Median Rent
$369,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High visibility land near downtown Waxahachie, suitable for various uses.
Where is this mixed-use property located?
The property is located at 5014 E FM 875 Waxahachie, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High visibility location on East FM 875, minutes from downtown Waxahachie in fast‑growing Ellis County.; Flexible county location with light deed restrictions suitable for commercial, mixed‑use, event, or agricultural uses.; Arena sand already installed, ready for equestrian events, rodeos, or venue space.
