Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    617 W Main Street Midlothian, TX 76065

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr

    Commercial property for rent on Main Street and 3rd.

    Added:
    Mar 22, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 1 at 2:30 am

    Property Features for 617 W Main Street

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Jamie Wickliffe

    Listing agent Jamie Wickliffe License #0368339

    Listing office CENTURY 21 Judge Fite Company

    Listing date Mar 22, 2026

    Source Evrealestate

    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 CENTURY 21 Judge Fite Company

    Overview

    Corner Lot on Main Street

    Located on the northeast corner of Main Street and 3rd Street in Ellis County, this commercial property is available for rent.
    Location Intelligence

    Current Use by Public Records

    Providence Title Title Company Metroplex Wellness and Counseling Crisis Center VLS Association Or Organization

    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
    -96.9995043
    Latitude
    32.4825766

    Nearby Similar for Lease

    • Contact for pricing

      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
    • $30/mo

      Functional Office Suite in Midlothian

      Efficient office space suitable for medical, legal, or general use.
      203 George Hopper Road, Midlothian, TX 76065
      View Details
    • Contact for pricing

      Adaptable Office/Warehouse Space Available

      Versatile 13,130 SF Midlothian space with office and warehouse.
      575 Proffitt Street, Midlothian, TX 76065
      View Details
    • Contact for pricing

      Updated Office Space on Main

      Charming, updated office space near historic Downtown Midlothian.
      617 W Main Street, Midlothian, TX 76065
      View Details
    • Contact for pricing

      Historic Office Building in Midlothian

      Charming 1919 office building with original architectural details for lease.
      508 S 9th Street, Midlothian, TX 76065
      View Details
    • Contact for pricing

      Updated Office Space in Midlothian

      Modern office space near revitalized downtown Midlothian. Perfect for professionals.
      105 N 6th Street, Midlothian, TX 76065
      View Details
    • Contact for pricing

      Updated Office Space in Midlothian

      Prime ground-floor office space in Historic Downtown Midlothian.
      330 N 8th Street, Midlothian, TX 76065
      View Details
    • $30/mo

      Functional Office Suite in Midlothian

      Efficient office space suitable for medical, legal, or general use.
      203 George Hopper Road, Midlothian, TX 76065
      View Details
    • $34/mo

      Downtown Midlothian Retail Opportunity

      Retail and studio spaces for lease in downtown Midlothian.
      301 MAIN Street, Midlothian, TX 76065
      View Details
    • $39/mo

      Retail and Studio Spaces Available

      Newly renovated retail and studio spaces in downtown Midlothian.
      301 W Main Street, Midlothian, TX 76065
      View Details
    • Contact for pricing

      Office Space in Midlothian, TX

      Single and multiple office spaces available for rent.
      101 S 3rd Street, Midlothian, TX 76065
      View Details
    • Contact for pricing

      Second Generation Restaurant Ready

      Move-in ready second generation restaurant space available for rent.
      320 Harvest Hill Dr, Midlothian, TX 76065
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property for rent on Main Street and 3rd.
    Where is this specialty property located?
    The property is located at 617 W Main Street Midlothian, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Located on the corner of Main Street and 3rd Street.; Central cooling (electric).; Central heating (natural gas).
    (214) 676-2896
    We can help!
    Listing Contact
    Jamie Wickliffe
    Real Estate License ID: 0368339
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!