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

    3105 I-35E Waxahachie, TX 75165

    • Land
    • 2.28 lot acres
    For Sale
    View listing
    $450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3105 I-35E

    Lot size
    2.28 lot acres
    Property type
    Land

    Description

    This exceptional 2.2803-acre commercial land parcel in Waxahachie, Texas, presents a unique investment opportunity. Strategically located on I-35E, this property boasts approximately 70 feet of frontage, offering unparalleled visibility to high volumes of northbound and southbound traffic. The asking price is $450,000, translating to a land value of $4.53 per square foot. With a total area of 99,329.868 square feet, this site is zoned for Single Family – 3, providing flexibility for various development possibilities. All utilities are readily available, simplifying the development process. The property's address is 3105 South I-35E, Waxahachie, TX 75165, situated in Ellis County. Its prime location and accessibility make it an ideal site for businesses seeking high visibility and convenient access to major transportation routes. This is a rare opportunity to acquire a well-positioned commercial lot with significant potential for growth and return on investment. Don't miss out on this exceptional offering.

    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
    -96.8581
    Latitude
    32.3673

    Comparable in this City

    • Value Estimation by Request
      181.15 Acres

      Fm 879

      Land • 181.15 Acres
      0 Fm 879, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      347.75 Acres

      I-35 And Brookside Dr

      Land • 347.75 Acres
      I-35 And Brookside Dr, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      6.00 Acres

      166 Pimlico Dr

      Land • 6.00 Acres
      166 Pimlico Dr, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      5.29 Acres

      287 & Park School House Rd

      Land • 5.29 Acres
      287 & Park School House Rd, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request

      Tbd I-35E

      Land
      0 Tbd I-35E, Waxahachie, TX 75165
      View Details
    • Value Estimation by Request
      1.00 Acre

      Tbd Dr Martin Luther King Jr Blvd

      Land • 1.00 Acre
      0 Tbd Dr Martin Luther King Jr Blvd, Waxahachie, TX 75165
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      926.00 Acres

      926 Acres South Waxahachie Land

      Prime Ellis County development opportunity.
      5001 Fm 877, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      6.00 Acres

      Prime Waxahachie Commercial Land

      6-Acre Development Site, US 287 Frontage
      166 Pimlico Dr, 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
    • $2,990,000
      78.68 Acres

      ±78 Acres Waxahachie Land

      Prime commercial land, ideal for development.
      US-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
    • $2,200,000

      7 Acres Hwy 77 Commercial Land

      Prime Waxahachie location, shovel-ready, high growth.
      0 Us-77, Waxahachie, TX 75165
      View Details

    Similar Nearby for Lease

    • 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
    • $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
      10,000 SF

      Waxahachie Retail Center Opportunity

      Prime Retail Space, Hwy 77, Waxahachie, TX
      2980 Highway 77, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      10,103 SF

      Waxahachie Retail Center - Hwy 77

      Prime Retail Space, 7 Units Available
      2851 Highway 77, Waxahachie, TX 75165
      View Details
    • Contact for pricing
      3,250 SF

      Waxahachie Marketplace Retail Space

      Prime Retail Space, 3,250 sq ft, Highway 77
      1700 Highway 77, Waxahachie, TX 75165
      View Details
    • $14 SF/Yr
      1,449 SF

      Downtown Retail Space For Rent

      Basement retail space in Waxahachie's historic downtown square.
      109-117 W Franklin 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.
    3105 I-35E
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.