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

    Swc Us287 & Miller Rd Midlothian, TX 76065

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

    Prime Ellis County location, high-growth area.

    Lot size:
    1 SF

    Property Features for 0 Swc Us287 & Miller Rd

    General Information

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

    Spaces For Lease

    at 0 Swc Us287 & Miller Rd, Midlothian, TX 76065 Contact us

    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 retail opportunity encompasses a 6.985-acre lot situated at the southwest corner of US Highway 287 and Miller Road in Midlothian, Texas, zip code 76065. The property is a single-tenant, commercial retail pad site totaling 1 square foot of building space, with 1 square foot currently vacant. Its strategic location offers unparalleled access to Highways 287 and 67, ensuring excellent connectivity for businesses. This site benefits significantly from its position at the entrance to the burgeoning Westside Preserve development, a master-planned community slated for completion in 2027. Westside Preserve will include 1,040 single-family homes, 50 townhomes, and 650 multifamily units, creating a substantial and immediate customer base. Further enhancing the property's appeal is its proximity to the established Goodland community (4,500 homes) and the Lakesong development (3,000 homes), providing access to a large existing residential population. This presents a remarkable investment opportunity for businesses seeking to capitalize on the rapid expansion and significant residential growth in the Mansfield/Midlothian market of Ellis County. The property's size and location make it ideal for a variety of retail uses, offering substantial potential for long-term growth and profitability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -97.0424509
    Latitude
    32.4946113

    Nearby Similar for Lease

    • New
      $2,350 /Mo
      4,530 SF

      Modern Office-Retail Suite in Midlothian

      Move-in-ready commercial space in a growing commercial corridor.
      529-533 George Hopper Rd, Midlothian, TX 76065
      View Details
    • $3,450 /Mo
      16,988 SF

      Updated Office Space in Midlothian

      Prime ground-floor office space in Historic Downtown Midlothian.
      330 N 8Th St, Midlothian, TX 76065
      View Details
    • $6,500 /Mo
      43,560 SF

      Historic Office Building in Midlothian

      Charming 1919 office building with original architectural details for lease.
      508 S 9Th St, Midlothian, TX 76065
      View Details
    • $30 SF/Yr
      15,682 SF

      Functional Office Suite in Midlothian

      Office suite for lease in the heart of Midlothian.
      203 George Hopper Rd, Midlothian, TX 76065
      View Details
    • $30 SF/Yr
      15,682 SF

      Functional Office Suite in Midlothian

      Efficient office space suitable for medical, legal, or general use.
      203 George Hopper Rd, Midlothian, TX 76065
      View Details
    • $3,250 /Mo
      6,882 SF

      Updated Office Space in Midlothian

      Modern office space near revitalized downtown Midlothian. Perfect for professionals.
      105 N 6Th St, Midlothian, TX 76065
      View Details
    • $3,200 /Mo
      1,120 SF

      Prime Retail Space in Midlothian

      High-visibility retail space in the heart of downtown Midlothian.
      126 N 8Th St, Midlothian, TX 76065
      View Details
    • $1,200 /Mo
      2,000 SF

      Versatile Warehouse in Midlothian, TX

      Spacious warehouse on 3.082 acres, ideal for various uses.
      1096 A W Tucker, Midlothian, TX 76065
      View Details
    • $39 SF/Yr
      34,500 SF

      Retail and Studio Spaces Available

      Newly renovated retail and studio spaces in downtown Midlothian.
      301 W Main St, Midlothian, TX 76065
      View Details
    • $34 SF/Yr
      34,500 SF

      Downtown Midlothian Retail Opportunity

      Retail and studio spaces for lease in downtown Midlothian.
      301 Main St, Midlothian, TX 76065
      View Details
    • $1,000 /Mo
      10,019 SF

      Office Space in Midlothian, TX

      Single and multiple office spaces available for rent.
      101 S 3Rd St, Midlothian, TX 76065
      View Details
    • Contact for pricing
      1,230 SF

      Versatile Retail/Office/Restaurant Space Available

      Adaptable space suitable for retail, office, or restaurant tenants.
      910 E Main St, Midlothian, TX 76065
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Ellis County location, high-growth area.
    Where is this retail property located?
    The property is located at Swc Us287 & Miller Rd Midlothian, TX.
    What are key features of this property?
    This property features: 6.985-acre retail pad site at US Hwy 287 & Miller Rd, Midlothian, TX 76065.; Pads available for sale or ground lease.; Drive-thru potential.
    (214) 960-4545 Call to check price and availability
    Request Owner's contact information
    Swc Us287 & Miller 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.
    Swc Us287 & Miller 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
    Swc Us287 & Miller 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!