Add Listing
    For Sale
    • 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

    Nwq Hwy 287 & Blackchamp Rd Midlothian, TX 76065

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

    23.84 Acres, Mixed-Use Development Opportunity

    Property Features for 0 Nwq Hwy 287 & Blackchamp Rd

    General Information

    Property type
    Mixed-use properties
    Lot Size
    1,038,470 SF

    We can help!

    Listing Contact
    Parker Jay
    Parker Jay

    Listing Agency: SHOP Companies - Corporate Listing Agent: Parker Jay

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

    Learn more

    Overview

    This exceptional 23.84-acre tract of land presents a prime development opportunity at the northwest quadrant (NWQ) of US Highway 287 and Blackchamp Road in Waxahachie, Ellis County, Texas, zip code 76065. Situated at the forefront of the burgeoning Montclair Heights community, this site offers unparalleled access to a rapidly expanding residential market. Montclair Heights is a planned community encompassing 188 acres and featuring 385 single-family homes, ensuring a robust and growing customer base for any commercial development. The property's strategic location provides excellent connectivity to Highway 287, facilitating easy access for commuters and businesses. The site is divisible, allowing for flexibility in development plans to suit various needs and scales. Furthermore, utilities are planned to be delivered directly to the site, simplifying the development process and reducing upfront costs. This location also benefits from proximity to Waxahachie High School, adding to its appeal and potential for synergistic development. This is an exceptional investment opportunity for developers seeking to capitalize on the high-growth potential of this thriving Texas community. The property's size, location, and access to utilities make it ideal for a wide range of commercial ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.897581095574
    Latitude
    32.430778945693

    Nearby Similar for Sale

    • $850,000
      5,299 SF

      Versatile Industrial Building Near Highway

      5,299 SF industrial building with offices and bay doors.
      1262 Eastgate Rd, Midlothian, TX 76065
      View Details
    • New
      $699,000
      3,306 SF

      New Duplex in Growing Area

      New construction duplex with strong income potential in Midlothian, TX.
      4421-4423 Clovis Ct, Midlothian, TX 76065
      View Details
    • New
      $699,900
      3,306 SF

      Luxury Duplex in Booming DFW

      New construction duplex with spacious units and desirable location.
      7036-7038 Guilford Ct, Midlothian, TX 76065
      View Details
    • New
      $699,000
      3,306 SF

      New Construction Luxury Duplex

      New construction duplex in Midlothian, TX with excellent property management.
      7064-7066 Guilford Ct, Midlothian, TX 76065
      View Details
    • $899,900
      0.56 Acres

      Midlothian Retail with Dual Drive-Through

      Single tenant restaurant with dual drive-through in thriving retail district.
      1140 George Hopper Rd, Midlothian, TX 76065
      View Details
    • $1,499,999
      1,964 SF

      Midlothian 20-Acre Farm/Ranch Tract

      20 acres in Midlothian ISD with home, workshop, and pond.
      3231 Plainview Rd, Midlothian, TX 76065
      View Details
    • New
      $699,000
      1.01 Acres

      New Construction Luxury Duplex

      New construction duplex in Midlothian, TX with low property taxes.
      7050-7052 Guilford Ct, Midlothian, TX 76065
      View Details
    • New
      $699,000
      1.01 Acres

      Luxury Duplex in Growing Area

      New construction duplex with strong rental potential in Midlothian, TX.
      7024-7026 Guilford Ct, Midlothian, TX 76065
      View Details
    • $799,999
      3,842 SF

      Midlothian Quadruplex with Shop

      Well-maintained fourplex on 1.4 acres with additional shop.
      3841 Ledgestone Ln, Midlothian, TX 76065
      View Details
    • $699,000
      1.01 Acres

      New Duplex in Midlothian, TX

      New construction duplex on an acre lot, fully leased.
      4420-4422 Clovis Ct, Midlothian, TX 76065
      View Details
    • New
      $699,000
      3,306 SF

      Luxury Duplex in Booming DFW

      New construction duplex in Midlothian, fully leased and cash-flowing.
      4027-4029 Clovis St, Midlothian, TX 76065
      View Details
    • $650,000
      4,000 SF

      Income-Producing Land Near City

      Four-acre property with income potential near city conveniences.
      3291 Plainview Rd, Midlothian, TX 76065
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 23.84 Acres, Mixed-Use Development Opportunity
    Where is this mixed-use property located?
    The property is located at Nwq Hwy 287 & Blackchamp Rd Midlothian, TX.
    What are key features of this property?
    This property features: 23.84-acre site available, with potential for subdivision.; Excellent location near Hwy 287 and Waxahachie High School.; All utilities will be extended to the property.
    (214) 960-4545 Call to check price and availability
    Request Owner's contact information
    Nwq Hwy 287 & Blackchamp Rd Midlothian, TX 76065
    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.
    Nwq Hwy 287 & Blackchamp Rd
    Midlothian, TX 76065
    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
    Nwq Hwy 287 & Blackchamp Rd Midlothian, TX 76065
    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 Parker Jay
    Parker Jay
    (214) 960-4545 (972) 695-9360
    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!