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    Medical Office Suite with Parking Title is generated by Realmo AI

    601 S Clay Street, Ennis, TX 75119

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    Claim this Listing
    For Lease
    $1,800 /Mo

    COMMERCIAL - Ennis, TX

    Type:Office
    Lot size:
    1.17 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    119
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 601 S Clay Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    182559
    Lot size
    1.17 Acres

    Taxes and HOA fees

    Tax Description
    305 PT TR 114 103 J DOUTHET D ROSE 1.167 ACRE

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1987
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Linoleum
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Marlene Norcross

    Listing agent Marlene Norcross License #0707120

    Listing office City Real Estate Ennis, TX

    Listing date Feb 4, 2026

    MLS# 20971840

    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

    • Brick building with central heating and central air; roof is composition shingle
    • Built in 1987 with carpet and linoleum flooring
    • Public utilities: public water and public sewer
    • Includes interior‑corridor entrance and security surveillance after business hours
    • Owner offers 2 months lease free with a multi‑year lease; owner will paint and replace flooring and may negotiate other changes
    • Owner pays utilities and ground maintenance; tenant responsible for telephone and internet

    Overview

    Available for lease, this spacious commercial suite is designed for flexible professional use, including spa services, accounting, real estate, financial advising, medical uses, sales, or general office space. The space features an entrance from an interior corridor and the owner is willing to paint and replace flooring to fit a tenant’s needs. The owner will also consider negotiating other changes as part of the tenancy. Security surveillance is provided after business hours, and the tenant is responsible for telephone and internet services.

    The property sits in a corner location with strong visibility from Clay and Lampasas Streets. Large common parking is available, supporting convenient access for employees and clients.

    This suite is a practical choice for a startup or established practice looking for a ready-to-occupy office environment with room to adapt the finishes. With flexibility for multiple business types and landlord-supported interior updates, it can work well for medical offices, wellness providers, or service-oriented professional tenants seeking a professional setting and straightforward access for visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Emmanuel E. ... Pediatrician Jeffrey Petty, DPM Physician Ennis Childrens Clinic Hospital Family Foot & Ankle ... Physician Ob-Gyn Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ennis
    County
    Ellis
    State
    Texas
    Longitude
    -96.630027
    Latitude
    32.32031

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    FAQs

    What type of property is this?
    Office units - Spacious interior-corridor suite suited for medical, spa, or professional offices with common parking and after-hours security.
    Where is this office units located?
    The property is located at 601 S Clay Street Ennis, TX.
    What is the lease rate?
    The lease rate is $1,800 /Mo.
    What are key features of this property?
    This property features: Brick building with central heating and central air; roof is composition shingle; Built in 1987 with carpet and linoleum flooring; Public utilities: public water and public sewer
    (972) 878-2222
    We can help!
    Listing Contact
    Marlene Norcross
    Real Estate License ID: 0707120
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    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.

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