Acreage with Insulated
611 Johnston Road Waxahachie, TX 75167
New
611 Johnston Road, Waxahachie, TX, 75167
$500,000
For Sale
$500,000
LAND - Other - Waxahachie, TX
Property Size4,000 SF
Lot Size12.13 Acres
Price / SF$125
Days on Market7
Property Features for 611 Johnston Road
General Information
- Property type
- Land
- Property subtype
- Other
- Exterior features
- RvHookup
- Standard status
- Active
- APN
- 157556
- Lot size
- 12.13 Acres
Taxes and HOA fees
- Tax Description
- LOT 3 YALE FARM 12.13 AC
- Tax Annual Amount
- 2233
Utilities
- Sewer type
- Septic Tank
- Water source
- Public
Building Details
- Year built
- 1985
- Architectural style
- Other
- Additional Structures
- Outbuilding
Listing Agency
OnDemand Realty
(214) 766-5833
Frisco, TX
Listed by
Katy Nolen · License #0645153
(214) 766-5833
Added: Jul 11 Checked: Jul 17 at 7:06 pm
MLS# 21327466
Listing URL
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.
Investment Insights
Based on property information with market context.
This 12.13-acre tract is fenced and includes a pond near the center of the property, offering multiple potential building sites. The improvements feature a 50' x 80' insulated shop with approximately 14-foot sidewalls, a roll-up door, and a large walk-through door. Additional covered space includes a 36' x 36' tall covered area on the east side, a 32' x 60' covered parking area on the west side, and a 20' x 20' covered section on the south that could be enclosed for additional workspace or storage.
The property is situated just south of Waxahachie and is located in the Waxahachie ETJ with ample road frontage. Utilities are already in place, including a water meter through BVBUD, electric service, and an existing septic system. Public remarks also indicate no known deed restrictions and current agricultural classification for low property taxes with no city taxes.
For buyers seeking acreage with existing utility service and flexible outbuilding coverage, this property combines fenced land, a pond, and a substantial insulated shop footprint designed to support equipment, vehicles, workshop use, storage, or other on-site plans.
The property is situated just south of Waxahachie and is located in the Waxahachie ETJ with ample road frontage. Utilities are already in place, including a water meter through BVBUD, electric service, and an existing septic system. Public remarks also indicate no known deed restrictions and current agricultural classification for low property taxes with no city taxes.
For buyers seeking acreage with existing utility service and flexible outbuilding coverage, this property combines fenced land, a pond, and a substantial insulated shop footprint designed to support equipment, vehicles, workshop use, storage, or other on-site plans.
Key Highlights
- 12.13‑acre property in the Waxahachie ETJ, located just south of Waxahachie
- Utilities in place: public water meter (BVBUD), electric service, and an existing septic tank
- Large insulated shop measuring 50' x 80' with 14' sidewalls plus roll‑up and walk‑through doors
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $9.00 |
| − Vacancy | −$3.3k | −$0.82 |
| EGI | $32.7k | $8.18 |
| − OpEx | −$4.9k | −$1.23 |
| NOI | $27.8k | $6.95 |
4,000 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$397.4K
$347.7K – $463.6K
NOI $27,815 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$43.65M
$38.19M – $50.92M
NOI $3,055,261 @ 7.0% cap · market cap 611.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Agricultural land / Farmland
Similar For Sale Nearby
FAQs
What type of property is this?
Agricultural land / Farmland - 12.13 fenced acres with a 50' x 80' insulated shop, covered areas, pond, and utilities in place.
Where is this agricultural land / farmland located?
The property is located at 611 Johnston Road Waxahachie, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 12.13‑acre property in the Waxahachie ETJ, located just south of Waxahachie; Utilities in place: public water meter (BVBUD), electric service, and an existing septic tank; Large insulated shop measuring 50' x 80' with 14' sidewalls plus roll‑up and walk‑through doors
