Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    440 Hawkins Run Midlothian, TX 76065

    Property Lookup

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

    440 Hawkins Run Midlothian, TX 76065

    View on Map
    • Office properties & Spaces
    • 4,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 440 Hawkins Run

    Year built
    2021
    Property size
    4,000 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 4,000 square foot freestanding medical office building, constructed in 2021, is situated on a 1.51-acre lot in the thriving city of Midlothian, Texas, zip code 76065. The property is classified as Class B and features a single, one-story building. It offers flexible space options, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 4,000 square feet, making it ideal for a variety of medical practices or healthcare businesses. Currently, there is one space available. The building boasts a brick and mortar construction, reflecting a high standard of quality and durability. Its location within a densely populated area with a mix of residential, office, and power retail establishments ensures high visibility and accessibility for patients and clients. The Ellis County location provides easy access to major transportation routes, enhancing convenience for both staff and visitors. This property presents a unique opportunity to establish or expand a medical practice in a vibrant and rapidly growing community. The building's modern design and flexible floor plans offer significant potential for customization to meet specific business needs.

    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
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.9912
    Latitude
    32.457

    Comparable in this City

    • Value Estimation by Request

      Silken Xing Rd

      Restaurants
      0 Silken Xing Rd, Midlothian, TX 76065
      View Details
    • Value Estimation by Request
      4,000 SF

      440 Hawkins Run

      Medical Office Space • 4,000 SF
      440 Hawkins Run, Midlothian, TX 76065
      View Details
    • Value Estimation by Request
      1,111 SF

      1605 Highway 67

      Land • 1,111 SF
      1605 Highway 67, Midlothian, TX 76065
      View Details
    • Value Estimation by Request
      1.80 Acres

      Us-287

      Land • 1.80 Acres
      0 Us-287, Midlothian, TX 76065
      View Details
    • Value Estimation by Request
      2.15 Acres

      Us-287

      Land • 2.15 Acres
      0 Us-287, Midlothian, TX 76065
      View Details
    • Value Estimation by Request
      1,111 SF

      1605 Highway 67

      Office properties & Spaces • 1,111 SF
      1605 Highway 67, Midlothian, TX 76065
      View Details

    Similar Nearby for Sale

    • $1,250,000
      2,850 SF

      Midlothian Office Building - Prime Location

      Spacious Office, Ideal for Professionals
      716 Main St, Midlothian, TX 76065
      View Details
    • Contact for pricing
      1,111 SF

      Prime Land on Highway 67

      1.826 acres with highway frontage, commercial potential.
      1605 Highway 67 N, Midlothian, TX 76065
      View Details
    • Contact for pricing
      18,800 SF

      Midlothian Warehouse and Office Space

      Warehouse and office space on 9.8 acres near major highways.
      4331 Cement Valley Rd, Midlothian, TX 76065
      View Details
    • New
      $850,000
      5,299 SF

      Versatile Industrial Building Near Highway

      5,299 SF industrial building with offices and bay doors.
      1262 Eastgate Rd, Midlothian, TX 76065
      View Details
    • $850,000
      5,299 SF

      Versatile Industrial Building Near Highway

      Commercial property with office suites, bay doors, and functional space.
      1262 Eastgate Rd, Midlothian, TX 76065
      View Details
    • Contact for pricing
      5,687 SF

      Midlothian Office Space Available

      5,687 SF office space for sale in Midlothian, Texas.
      200 S 14Th St, Midlothian, TX 76065
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      1,150 SF

      Functional Office Suite in Midlothian

      Efficient office space suitable for medical, legal, or general use.
      203 George Hopper Rd, Midlothian, TX 76065
      View Details
    • $30 SF/Yr
      5,623 SF

      Functional Office Suite in Midlothian

      Efficient office space suitable for medical, legal, or general use.
      203 George Hopper Rd, Midlothian, TX 76065
      View Details
    • $2,350 /Mo
      4,530 SF

      Modern Office-Retail Suite in Midlothian

      Move-in-ready commercial space in a growing commercial corridor.
      529-533 George Hopper Rd, Midlothian, TX 76065
      View Details
    • Contact for pricing
      1,100 SF

      Single Office Spaces Available

      Single office spaces for rent with shared conference room access.
      101 S 3Rd St, Midlothian, TX 76065
      View Details
    • $10,000 /Mo
      13,130 SF

      Adaptable Office/Warehouse Space Available

      Versatile 13,130 SF Midlothian space with office and warehouse.
      575 Proffitt St, Midlothian, TX 76065
      View Details
    • Contact for pricing
      1,230 SF

      Versatile Retail/Office/Restaurant Space Available

      Adaptable space suitable for retail, office, or restaurant tenants.
      910 E Main St, Midlothian, TX 76065
      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.
    440 Hawkins Run
    Midlothian, TX 76065
    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!