Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    45 Tract5 Ennis, TX 75119

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    45 Tract5 Ennis, TX 75119

    View on Map
    • Commercial real estate
    • 2.43 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 45 Tract5

    Lot size
    2.43 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.43-acre commercial land parcel presents a compelling investment opportunity in the rapidly growing city of Ennis, Texas. Strategically situated near the intersection of Interstate 45 and Valek Road, this property boasts unparalleled visibility and accessibility. With approximately 360 feet of frontage directly on I-45, it offers significant exposure to a high volume of daily traffic. The location is less than half a mile from the recently constructed Buc-ee's, a major retail destination that draws considerable traffic and underscores the area's burgeoning commercial activity. Currently zoned for Light Industrial & Manufacturing, this versatile property lends itself to a wide range of development possibilities, catering to businesses seeking high-traffic locations with excellent visibility. The site's proximity to I-45 ensures seamless connectivity to major transportation arteries, facilitating efficient logistics and accessibility for employees and customers alike. This is an exceptional chance to acquire a prime commercial tract in a thriving area with significant growth potential. The seller is open to considering all offers, making this an attractive proposition for discerning investors and developers. Don't miss this opportunity to secure a piece of Ennis's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ennis
    County
    Ellis
    State
    Texas
    Longitude
    -96.615
    Latitude
    32.3341

    Comparable in this City

    • Value Estimation by Request
      57.06 Acres

      I-45 And Zmolek Rd

      Land • 57.06 Acres
      I-45 And Zmolek Rd, Ennis, TX 75119
      View Details
    • Value Estimation by Request
      3.71 Acres

      Hwy 287

      COMMERCIAL (GENERAL) • 3.71 Acres
      Hwy 287, Ennis, TX 75119
      View Details
    • Value Estimation by Request
      0.26 Acres

      400 Brown St

      COMMERCIAL (GENERAL) • 0.26 Acres
      400 Brown St, Ennis, TX 75119
      View Details
    • Value Estimation by Request
      0.20 Acres

      Clay St

      COMMERCIAL (GENERAL) • 0.20 Acres
      Clay St, Ennis, TX 75119
      View Details
    • Value Estimation by Request
      0.08 Acres

      121 Main St

      COMMERCIAL (GENERAL) • 0.08 Acres
      121 Main St, Ennis, TX 75119-4053
      View Details
    • Value Estimation by Request
      0.13 Acres

      400 Moore St

      COMMERCIAL (GENERAL) • 0.13 Acres
      400 Moore St, Ennis, TX 75119
      View Details

    Similar Nearby for Sale

    • $1,186,500
      8.38 Acres

      I-45 Ennis Commercial Land

      Prime Ennis location, high visibility, I-45 frontage
      Tbd 8.38 Ac Interstate 45, Ennis, TX 75119
      View Details
    • $675,000
      11,390 SF

      Ennis Commercial Property: Prime Location

      High-traffic Ennis location, versatile space.
      1003 Kaufman St, Ennis, TX 75119
      View Details
    • $317,250
      31.04 Acres

      Ennis, TX Unimproved Land

      31.043 acres of land with road and creek frontage.
      31.043Ac-Tr1 Fm 985, Ennis, TX 75119
      View Details
    • $825,000
      10,000 SF

      Ennis Industrial Building - 10,000 SF

      Spacious Ennis industrial building, great location, high-power.
      2313 Preston St, Ennis, TX 75119
      View Details
    • $115,000
      0.29 Acres

      Improved Corner Lot in Ennis

      Ready-to-use land in a prime location with excellent potential.
      Tbd Freeman St, Ennis, TX 75119
      View Details
    • $899,000
      30.12 Acres

      Ennis, TX Highway Frontage Land

      30.12 acre tract with highway frontage in growing Ellis County.
      0000 Hwy 287, Ennis, TX 75119
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      21,562 SF

      Commercial Office Space in Ennis, TX

      Commercial office space in Ennis, TX with flexible options.
      2103 S Kaufman St, Ennis, TX 75119
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Ennis, Texas.
      1011 E Ennis Ave, Ennis, TX 75119
      View Details
    • Contact for pricing
      10,286 SF

      Adaptable Flex Space in Ennis

      10,286 SF flex space available for lease in Ennis, TX.
      1301 S Kaufman St, Ennis, TX 75119
      View Details
    • $3,419 /Mo
      11,892 SF

      Retail Space on Ennis Avenue

      Retail space with great exposure on Ennis Avenue in Ennis.
      402 W Ennis Ave, Ennis, TX 75119
      View Details
    • Contact for pricing
      3,591 SF

      Restaurant Space on Interstate Highway

      Restaurant space for lease with high visibility and accessibility.
      203 S Interstate Highway 45, Ennis, TX 75119
      View Details
    • Contact for pricing
      3,929 SF

      Ennis Office Space Available

      Office space available for rent in Ennis, Texas.
      2200 Physicians Blvd, Ennis, TX 75119
      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.
    45 Tract5
    Ennis, TX 75119
    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.
    Sign Up Successful!
    You now have access to more from Realmo!