287 Waxahachie Tx Waxahachie, TX 75165
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.