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    Highway 287 Byp Waxahachie, TX 75165
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    Property profile & analytics

    Highway 287 Byp, Waxahachie, TX 75165

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    • Retail properties & Spaces
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Highway 287 Byp

    Lot size
    1.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.8055
    Latitude
    32.37

    Comparable in this City

    • Value Estimation by Request
      197,576 SF

      507 Us-77

      Office Spaces • 197,576 SF
      507 Us-77, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      4,740 SF

      848 Old Highway 287

      Automotive properties • 4,740 SF
      848 Old Highway 287, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      3,000 SF

      848 Old Highway 287

      Life science properties • 3,000 SF
      848 Old Highway 287, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      926.00 Acres

      5001 Fm 877

      Farms • 926.00 Acres
      5001 Fm 877, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      7.02 Acres

      2999 Highway 77

      Land • 7.02 Acres
      2999 Highway 77, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      0.85 Acres

      77 And Cardinal Rd

      Land • 0.85 Acres
      77 And Cardinal Rd, Waxahachie, TX 75165
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,019 SF

      Drive-Thru Restaurant on Highway 287

      Second-generation drive-thru restaurant with high traffic and strong co-tenants.
      1226 W Highway 287 Byp, Waxahachie, TX 75165
      View Details
    • $3,290,000
      6,110 SF

      Waxahachie Retail Investment Opportunity

      Long-term leased retail property with zero landlord responsibility.
      1035 Us 387 Byp, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      4,657 SF

      Dickey's Barbecue NNN Investment Opportunity

      NNN leased Dickey's Barbecue adjacent to H-E-B and Walmart.
      1003 Highway 77 N, Waxahachie, TX 75165
      View Details
    • $209,000

      Land for Sale

      Land available in Waxahachie, Texas.
      28 Ridgecrest Dr, Waxahachie, TX 75165
      View Details
    • New
      $21,791,210
      622.61 Acres

      622 Acre Land Parcel

      Large land parcel available in Waxahachie, Texas.
      5365 S 77 Hwy, Waxahachie, TX 75165
      View Details
    • Contact for pricing

      Land Available in Waxahachie, TX

      Land for sale at 3418 Parks School House Rd, Waxahachie, TX.
      3418 Parks School House Rd, Waxahachie, TX 75165
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Rent

      Office property available for rent.
      171 Rvg Blvd, 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
    • Contact for pricing

      Waxahachie Commercial Space For Rent

      High-visibility commercial space suitable for retail, service, or office use.
      603 Ferris Ave, Waxahachie, TX 75165
      View Details
    • $6,250 /Mo
      11,456 SF

      Historic Retail/Office Space Available

      Renovated historic property with high visibility, ideal for various businesses.
      609 Ferris Ave, Waxahachie, TX 75165
      View Details
    • $2,450 /Mo
      39,640 SF

      Versatile Building in Waxahachie, TX

      Retail, office, salon, and medical space available for rent.
      201 Ferris Ave, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      1,267 SF

      Versatile Space for Lease

      Adaptable space suitable for retail, office, salon, or medical use.
      201 Ferris Ave, Waxahachie, TX 75165
      View Details
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    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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