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    US-287 & Park School House Rd Waxahachie, TX 75165

    Sponsored
    For Sale
    $2,990,000

    Prime commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This ±78.681-acre commercial land parcel, located at the intersection of US-287 and Parks School House Road in Waxahachie, Ellis County, Texas (zip code 75165), presents a compelling investment opportunity. The property, identified by APN 180960, is zoned AG (Agricultural) and sits within both an Opportunity Zone and the Waxahachie ETJ (Extra Territorial Jurisdiction), offering significant tax advantages. Utilities are readily accessible, including City of Waxahachie water and sewer (sewer expansion is currently in the engineering phase), and Oncor Electric. The asking price is $2,990,000, translating to approximately $38,000 per acre. This undeveloped tract is strategically positioned off Highway 287, approximately 40 miles south of Dallas, and within the Waxahachie ISD school district. Its location adjacent to the rapidly expanding Saddlebrook Estates development, a master-planned community with over 1,770 existing lots and an additional 1,135 planned lots, and over 200 homes constructed annually, provides exceptional access to a thriving residential area with commercial and retail spaces, schools, pools, parks, and trail systems. The property's proximity to a robust and growing community, coupled with its Opportunity Zone designation and attractive pricing, makes it an exceptional prospect for developers and investors seeking significant returns in a high-growth area.

    Property Features for US-287 & Park School House Rd

    General Information

    Property type
    Land
    Lot Size
    3,427,344 SF

    HighLights

    • 78.681‑acre commercial land parcel in Waxahachie, TX (75165), APN 180960.
    • AG zoning, located in an Opportunity Zone and Waxahachie ETJ.
    • City of Waxahachie water, Oncor Electric; sewer expansion underway.
    • $2,990,000 asking price ($38,000/acre).
    • Adjacent to Saddlebrook Estates, a master‑planned community with over 1,770 existing and 1,135 planned lots, and over 200 homes built annually.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.76828314
    Latitude
    32.35042866

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    FAQs

    What type of property is this?
    Land - Prime commercial land, ideal for development.
    Where is this land located?
    The property is located at US-287 & Park School House Rd Waxahachie, TX.
    What is the asking price?
    The asking price for this property is $2,990,000.
    What are key features of this property?
    This property features: 78.681-acre commercial land parcel in Waxahachie, TX (75165), APN 180960.; AG zoning, located in an Opportunity Zone and Waxahachie ETJ.; City of Waxahachie water, Oncor Electric; sewer expansion underway.
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    Realmo Value Estimation

    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

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    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.

    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
    US-287 & Park School House Rd Waxahachie, TX 75165
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