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    Property profile & analytics

    3396 Parks School House Rd Waxahachie, TX 75165

    • Land
    • 100.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ESTRADA READY MIX CONCRETE WAXAHACHIE Plant #5 / Building Supply
    • ESTRADA CRUSHED CONCRETE #2 / Industrial Manufacturer / Construction Company

    Property Details for 3396 Parks School House Rd

    Lot size
    100.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    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
    -96.7697
    Latitude
    32.3489

    Comparable in this City

    • Value Estimation by Request
      7.02 Acres

      I-35E

      Land • 7.02 Acres
      0 I-35E, Waxahachie, TX 75165
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    • Value Estimation by Request
      1.07 Acres

      111 Ike Rd

      Land • 1.07 Acres
      111 Ike Rd, Waxahachie, TX 75165
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    • Value Estimation by Request
      1,800 SF

      625 Cow Aly

      Flex space • 1,800 SF
      625 Cow Aly, Waxahachie, TX 75165
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    • Value Estimation by Request
      4,740 SF

      848 Old Highway 287

      Automotive properties • 4,740 SF
      848 Old Highway 287, Waxahachie, TX 75165
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    • Value Estimation
      $1,245,000
      93,890 SF

      200 Butcher Rd

      INDUSTRIAL (GENERAL) • 93,890 SF
      200 Butcher Rd, Waxahachie, TX 75165-6027
      View Details
    • Value Estimation
      $5,375,000
      369,600 SF

      203 Cardinal Rd

      INDUSTRIAL (GENERAL) • 369,600 SF
      203 Cardinal Rd, Waxahachie, TX 75165-6230
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7.02 Acres

      I-35E Industrial Land, Waxahachie, TX

      Prime Industrial Land near I-35E
      0 I-35E, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      100.00 Acres

      Waxahachie Industrial Land - 100 Acres

      Prime 100-acre industrial site in Waxahachie, TX
      3396 Parks School House Rd, Waxahachie, TX 75165
      View Details
    • $995,000
      1.48 Acres

      Waxahachie Industrial Investment Opportunity

      Multi-tenant industrial property on US Hwy 287 between Waxahachie and Ennis.
      3901 Highway 287 S, Waxahachie, TX 75165
      View Details
    • $400,000
      11.13 Acres

      Unimproved Land in Waxahachie, TX

      11.131 acres of land for sale in Waxahachie, TX.
      1607 Nash Howard Rd, Waxahachie, TX 75165
      View Details
    • $1,611,807
      5.29 Acres

      Waxahachie Commercial Land

      5.28 Acres, Hwy 287, Opportunity Zone
      287 & Park School House Rd, Waxahachie, TX 75165
      View Details
    • $1,500,000
      10.00 Acres

      10-Acre Ellis County Land

      Unzoned land, high development potential.
      0 Butcher Rd, Waxahachie, TX 75165
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      43,560 SF

      Waxahachie Industrial Land For Lease

      One acre of heavy industrial land available for lease.
      Tbd Solon Rd, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      1 SF

      Hwy 287 Prime Residential Land

      23.84 Acres, Waxahachie, TX. High-Growth Potential.
      0 Nwq Us Hwy 287, 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
    • $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
    • Contact for pricing

      Prime Land for Truck Parking

      16 acres in Waxahachie, TX, ideal for truck parking.
      N Interstate Highway 35 E, Waxahachie, TX 75165
      View Details
    Request Owner's contact information
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    3396 Parks School House Rd
    Waxahachie, TX 75165
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    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
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