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Property profile & analytics
OFF-MARKET
Commercial real estate

1019 Ovilla Rd Waxahachie, TX 75167

2,292 SF 0.89 ac lot Built 1907
Property ID
US83-0357254
Property summary
AI-generated overview

This exceptional commercial property, located at 1019 Ovilla Road in Waxahachie, Texas, presents a unique investment opportunity. The 0.89-acre lot boasts a high-visibility location on Ovilla Road, directly adjacent to State Highway 287, placing it between Waxahachie and Midlothian. Its proximity to Interstate Highway 35 (less than one mile) and the Midway Regional Airport in Midlothian (a few miles) provides excellent access to major transportation networks, including commercial air freight delivery. The existing two-story building, totaling 2,292 square feet, offers versatile space suitable for offices or a restaurant. The substantial rear lot provides ample space for parking, a shop, or a warehouse. While the building requires significant renovation, its strategic location offers substantial potential. Ovilla Road is slated for expansion from two to four lanes, promising increased traffic flow and visibility. This property is zoned commercial and sits directly across from a new commercial development owned by the Jerry Jones Corporation, further enhancing its value and potential. Situated in one of Ellis County's fastest-growing areas, this property represents a compelling opportunity for investors seeking high-traffic exposure and development potential.

Property profile
Verified
Property type Commercial real estate
Year built 1907
Total area 2,292 SF
Lot 0.89 ac (38,768 SF)
UPID US83-0357254
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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