Commercial and Agricultural
For Sale
Contact for pricing
Pending
5014 E FM 875, Waxahachie, TX 75167
High visibility land near downtown Waxahachie, suitable for various uses.
Property Size2,540 SF
Days on Market179
Property Features for 5014 E FM 875
General Information
Standard status
Pending
Size
2,540 SF
Class
B
Property subtype
Mixed Use, Retail
Zoning
Agriculture
Investment Type
Institutional
Listing Agency:
NextHome Property Advisors
(972) 723-8231
Listed By:
Kent Bush · License #TX0610520
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Jul 25 at 3:35AM
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
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 = 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
$29,147
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
6.48%
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%
$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
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
$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 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%
$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
Multifamily LT 5
$27.72M
$24.25M – $32.33M
NOI $1,940,091 @ 7.0% cap · market cap 431.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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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.
