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Property profile & analytics
OFF-MARKET
Land

287 Waxahachie Tx Waxahachie, TX 75165

73 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 73-acre tract of land presents a remarkable development opportunity within the Waxahachie city limits of Ellis County, Texas, zip code 75165. Currently zoned PD-SF-2 (Ord. 2369), this property boasts a pre-approved plat for 228 residential lots (details on page 7 of the property documents). The land offers approximately 1,474 feet of frontage along Palmetto Road, providing excellent access. The strategic location benefits from high traffic counts on US 287, with approximately 13,431 vehicles per day traveling eastbound and 12,572 vehicles per day traveling westbound. Served by the Waxahachie ISD, this property also has access to city utilities (details on pages 10, 11, and 12 of the property documents). This is an ideal opportunity for developers seeking to capitalize on the growing residential demand in this desirable area. The property's size and zoning make it well-suited for a substantial residential development project. All information is based on available documentation. Further due diligence is recommended.

Property profile
Verified
Property type Land
Lot 73 ac (3,179,880 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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