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    Flex Office and Warehouse Title is generated by Realmo AI

    621 Cow Alley Avenue, Waxahachie, TX 75165

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    Claim this Listing
    For Sale
    $479,000

    COMMERCIAL - Waxahachie, TX

    Property size:
    2,400 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $199/SF
    Added:
    Jun 24, 2026
    Days on Market:
    14
    Last Refresh:
    Jul 7 at 7:06 am

    Property Features for 621 Cow Alley Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Open, On Street, Driveway, Parking Lot
    Standard status
    Active
    APN
    303845
    Size
    2,400 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Description
    LOT 44B FERRIS 2ND ADDN REPLAT 0.1940 AC
    Tax Annual Amount
    5530

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2016
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate, Concrete, Tile
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Contact an agent
    Jaime Eagleson
    Jaime Eagleson

    Listing agent Jaime Eagleson License #0662964

    Listing office OnDemand Realty Frisco, TX

    Listing date Jun 24, 2026

    MLS# 20855234

    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

    • Metal building with metal roof
    • Flexible interior layout: main entry area for reception/showroom/office plus additional office and warehouse
    • Office and warehouse both have heating; offices are fully air conditioned
    • Warehouse includes 1 bathroom
    • Parking includes open, on‑street, parking lot, and driveway spaces
    • Utilities: public water and public sewer; central natural gas heating with central air cooling

    Overview

    This flex-style space is set up with a main entry area that can serve as reception, showroom, or office, plus one additional office. The remaining area is warehouse space. Both the office areas and the warehouse have heating, while the offices are fully air conditioned. A bathroom is located in the warehouse for convenient day-to-day use.

    The property is located at 621 Cow Alley Avenue in Waxahachie, Texas, within Ellis County. The lot size is 0.194 acres. Zoning is described as planned development, which may be relevant for buyers evaluating planned uses for a mixed set of business functions.

    The interior layout supports tenants or operators who need customer-facing space alongside warehouse work in the same footprint. With dedicated office rooms, full HVAC in the office portion, and heated warehouse space, the configuration can accommodate a range of light industrial and office-flex users, including those seeking a reception/showroom entry and on-site restroom access. Seller-finance is noted as a possibility, which may provide additional financing flexibility for qualified buyers.

    Local Financial Insights For Office B

    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 $73.7k $30.72
    − Vacancy −$20.2k −$8.42
    EGI $53.5k $22.30
    − OpEx −$13.4k −$5.58
    NOI $40.1k $16.73
    2,400 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $573.5K
    $501.8K – $669.1K (±1% cap)
    NOI $40,145 @ 7.0% cap · market cap 8.38%
    Second Best
    Retail
    $569.1K
    $498.0K – $663.9K (±1% cap)
    NOI $39,836 @ 7.0% cap · market cap 8.32%
    Theoretical Best
    Multifamily LT 5
    $26.19M
    $22.91M – $30.55M (±1% cap)
    NOI $1,833,157 @ 7.0% cap · market cap 382.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.8425007
    Latitude
    32.4000503

    FAQs

    What type of property is this?
    Flex space - Reception and office space with full HVAC connects to a heated warehouse with a bathroom for practical mixed-use operations.
    Where is this flex space located?
    The property is located at 621 Cow Alley Avenue Waxahachie, TX.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: Metal building with metal roof; Flexible interior layout: main entry area for reception/showroom/office plus additional office and warehouse; Office and warehouse both have heating; offices are fully air conditioned
    More about this property
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