1019 Ovilla Rd Waxahachie, TX 75167
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.
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.