Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    201 M.l.k. Jr Blvd Waxahachie, TX 75165

    • Office Properties & Spaces
    • 3,826 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 201 M.l.k. Jr Blvd

    Property size
    3,826 SF
    Property type
    Office Properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.8462
    Latitude
    32.3853

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Highway 287 Byp

      Land • 1.00 Acre
      0 Highway 287 Byp, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      3,200 SF

      1520 Hwy. 287 Byp

      Medical offices • 3,200 SF
      1520 Hwy. 287 Byp, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      197,576 SF

      507 Us-77

      Office Properties & Spaces • 197,576 SF
      507 Us-77, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      5,469 SF

      1332 Hwy. 287 Byp

      Medical offices • 5,469 SF
      1332 Hwy. 287 Byp, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      1,018 SF

      202 Grand Ave

      Office Properties & Spaces • 1,018 SF
      202 Grand Ave, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      6,000 SF

      1003 Legacy Rnch Rd

      Medical offices • 6,000 SF
      1003 Legacy Rnch Rd, Waxahachie, TX 75165
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,400 SF

      Waxahachie Medical Office Building

      Fully Leased Medical Office in Prime Location
      201 Amanda Ln, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      1.00 Acre

      Prime Waxahachie Commercial Land

      High-visibility retail/office tract in booming Ellis County.
      0 Highway 287 Byp, Waxahachie, TX 75165
      View Details
    • $1,950,000

      Event Center on Major Artery

      Highly visible event center suitable for redevelopment.
      116 Highway 77 N, Waxahachie, TX 75165
      View Details
    • $735,000
      2,600 SF

      Downtown Waxahachie Mixed-Use Building

      Prime Location, 2600 SF, $735,000
      500 Main St, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      7,400 SF

      Leased Professional/Medical Office Building

      100% leased office building with easy highway access.
      201 Amanda Ln, Waxahachie, TX 75165
      View Details
    • $775,000
      2,388 SF

      Two Office Buildings in Waxahachie

      Two properties with growth potential on Main Street in Waxahachie.
      1316 W Main St, Waxahachie, TX 75165
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,818 SF

      Medical Office Building For Lease

      Well-maintained medical office building with ample parking and convenient location.
      1505 W Jefferson St, 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
    • $2,950 /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
    • $30 SF/Yr
      3,200 SF

      Solon Place II Medical Office Space

      Waxahachie medical office building, 800-3200 sqft.
      1520 Hwy. 287 Byp, Waxahachie, TX 75165
      View Details
    • $22 SF/Yr
      14,193 SF

      Prime Waxahachie Office Space

      Multi-tenant office building, diverse spaces available.
      201 Ferris Ave, Waxahachie, TX 75165
      View Details
    • $2,451 /Mo
      19,776 SF

      Downtown Waxahachie Office/Retail Space

      Prime location with historic charm and modern upgrades in Waxahachie.
      612 S Rogers St, Waxahachie, TX 75165
      View Details
    Request Owner's contact information
    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.
    201 M.l.k. Jr Blvd
    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
    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

    Google sign-in failed. Please try again or use another login method.