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

    2980 Highway 77 Waxahachie, TX 75165

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Retail Space, Hwy 77, Waxahachie, TX

    Lot size:
    10,000 SF

    Property Features for 2980 Highway 77

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF

    Spaces For Lease

    at 2980 Highway 77, Waxahachie, TX 75165 Contact us

    We can help!

    Listing Contact
    Daniel Frid

    Listing Agency: SHOP Companies Dallas Listing Agent: Daniel Frid

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail opportunity in Waxahachie, Texas, presents 10,000 square feet of space within a five-suite shopping center situated on a 4.988-acre lot at 2980 N Hwy 77. Currently, 8,000 square feet are available for lease or sale, divisible into units ranging from 1,500 to 3,500 contiguous square feet. The property boasts a prime location at the intersection of Hwy 77 and Butcher Rd, benefiting from high traffic counts and easy access to I-35e and US Hwy 287. This new retail strip center, under construction and slated for completion in Q3 2024, offers exceptional visibility and accessibility from Hwy 77. Tenants will benefit from Waxahachie's rapidly growing population and the burgeoning retail and restaurant development along this main corridor. Located in Ellis County, Texas, zip code 75165, this property presents a unique chance to establish a presence in a thriving market. The property's strategic location and modern design make it an ideal investment for businesses seeking high visibility and convenient access for their customers. This multi-tenant opportunity is perfect for businesses looking to capitalize on the significant growth in Waxahachie.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mostafa taqueria Restaurant Exxon Gas Station El Mango playero ... Specialty Food Shop Bitcoin Depot ATM Atm ATM (Tiger Mart) Grocery & Convenience Store

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hotel & Motel Department Store Auto Parts Store Storage Facility Auto Repair Shop Bakery Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.8343043
    Latitude
    32.4590019

    Nearby Similar for Lease

    • $2,450 /Mo
      39,640 SF

      Versatile Building in Waxahachie, TX

      Retail, office, salon, and medical space available for rent.
      201 Ferris Ave, Waxahachie, TX 75165
      View Details
    • $3,060 /Mo
      636,412 SF

      Waxahachie Warehouse Space Available

      Commercial property in Waxahachie, TX, ranging from 1,200 to 12,000 square-feet.
      145 Mustang Rd, Waxahachie, TX 75165
      View Details
    • $3,000 /Mo
      64,425 SF

      Warehouse Space Near Highway 287

      Warehouse space with overhang, suitable for various uses.
      3901 Highway 287 S, Waxahachie, TX 75165
      View Details
    • $2,950 /Mo
      39,640 SF

      Waxahachie Commercial Space For Rent

      Versatile space suitable for retail, office, salon, or medical use.
      201 Ferris Ave, Waxahachie, TX 75165
      View Details
    • $2,685 /Mo
      39,640 SF

      Move-in Ready Waxahachie Office Space

      Office and medical space available for rent in Waxahachie, TX.
      201 Ferris Ave, Waxahachie, TX 75165
      View Details
    • $2,160 /Mo
      12,000 SF

      Flexible Warehouse Space in Waxahachie

      Newly constructed business park with versatile industrial and warehouse spaces.
      141 Mustang Rd, Waxahachie, TX 75165
      View Details
    • $2,160 /Mo
      12,000 SF

      Waxahachie Warehouse Space Available

      Spacious warehouse in Waxahachie with easy highway access.
      141 Mustang Rd, Waxahachie, TX 75165
      View Details
    • $1,200 /Mo
      636,412 SF

      Waxahachie Warehouse Space Available

      Commercial property in Waxahachie, TX, ranging from 1,200-12,000 square-feet.
      145 Mustang Rd, Waxahachie, TX 75165
      View Details
    • $2,160 /Mo
      636,412 SF

      Warehouse Space in Waxahachie, TX

      Commercial property with three-phase power and multiple grade-level doors.
      141 Mustang Rd, Waxahachie, TX 75165
      View Details
    • $1,200 /Mo
      636,412 SF

      Waxahachie Warehouse Space Available

      Commercial property in Waxahachie, TX, ranging from 1,200 to 12,000-SF.
      141 Mustang Rd, Waxahachie, TX 75165
      View Details
    • $2,160 /Mo
      636,412 SF

      Waxahachie Warehouse Space Available

      Commercial property in Waxahachie, TX, ranging from 1,200 to 12,000-SF.
      145 Mustang Rd, Waxahachie, TX 75165
      View Details
    • $2,160 /Mo
      636,412 SF

      Waxahachie Warehouse Space Available

      Commercial property in Waxahachie, TX, ranging from 1,200-12,000 square-feet.
      145 Mustang Rd, Waxahachie, TX 75165
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Hwy 77, Waxahachie, TX
    Where is this retail property located?
    The property is located at 2980 Highway 77 Waxahachie, TX.
    What are key features of this property?
    This property features: 10,000 SF retail space available for lease or sale in a new five-suite shopping center in Waxahachie, TX.; Divisible units ranging from 1,500 to 3,500 contiguous SF.; Prime location at Hwy 77 & Butcher Rd, offering high visibility and accessibility to I-35E and US Hwy 287.
    Request Owner's contact information
    2980 Highway 77 Waxahachie, TX 75165
    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.
    2980 Highway 77
    Waxahachie, TX 75165
    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
    2980 Highway 77 Waxahachie, TX 75165
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Daniel Frid
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!