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

    716 Main St Midlothian, TX 76065

    • Commercial real estate
    • 3,876 SF
    • 0.21 lot acres
    For Sale
    View listing
    $1,250,000
    Last Sale
    Jul 13, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2583346
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Midlothian Midwifery - Birth Midlothian / Medical Clinic
    • One Way Church / Church / Mosque

    Property Details for 716 Main St

    Year built
    1940
    Lot size
    0.21 lot acres
    Property size
    3,876 SF
    Property type
    Commercial real estate
    APN
    54.2001.052.004.01.108
    APU
    54200105200401108

    Description

    This exceptional 2,850 square foot office building presents a rare opportunity for ownership in the thriving Midlothian, TX market. Situated on a 0.21-acre lot at 716 W Main Street, this meticulously constructed property offers a tranquil and professional atmosphere, perfectly suited for medical, wellness, or beauty businesses. The building's design prioritizes both individual office space and inviting common areas, providing a high-quality environment for clients and staff. The strategic location within Midlothian ensures excellent visibility and accessibility. This turnkey property allows for complete utilization of the space or the flexibility to sublease a portion, maximizing investment potential. The asking price is $1,250,000. This is an unparalleled chance to acquire a well-established and highly desirable commercial property in a rapidly growing area. The building's modern design and prime location combine to create an exceptional opportunity for a discerning buyer seeking a profitable and prestigious business address. The ample space and versatile layout cater to a wide range of professional uses, offering significant potential for growth and return on investment. Don't miss this chance to own a piece of Midlothian's vibrant commercial landscape. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -97.0006
    Latitude
    32.482
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,258
    $268,382
    $334,963
    $603,345
    -
    $268,382
    $334,963
    $603,345

    Comparable in this City

    • Value Estimation by Request
      7.97 Acres

      Nec Mcalpin @ Fm 663

      Land • 7.97 Acres
      0 Nec Mcalpin @ Fm 663, Midlothian, TX 76065
      View Details
    • Value Estimation by Request
      15.96 Acres

      287 Walnut Grv And Us Hwy

      Land • 15.96 Acres
      287 Walnut Grv And Us Hwy, 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

      109 County Rd

      Land
      109 County Rd, Midlothian, TX 76065
      View Details
    • Value Estimation by Request
      19.77 Acres

      287 Ward Rd

      Land • 20 SF
      287 Ward Rd, Midlothian, TX 76065
      View Details
    • Value Estimation by Request
      2.00 Acres

      0000 Highway 67

      Commercial real estate • 2.00 Acres
      0000 Highway 67, Midlothian, TX 76065
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Midlothian Retail Land Opportunity

      Prime TX location, retail pads available.
      SEQ Fm 1387 & Onward Rd, Midlothian, TX 76065
      View Details
    • $3,067,800
      10.06 Acres

      Midlothian Development Land - 10 Acres

      Prime Midlothian land, PD zoning, ideal for commercial/industrial development.
      1431 Main #2 St, Midlothian, TX 76065
      View Details
    • $885,000
      0.86 Acres

      Midlothian Commercial Development Land

      High-growth area, future commercial zoning. Excellent investment opportunity.
      230 Walnut Grove Rd, Midlothian, TX 76065
      View Details
    • Contact for pricing
      9.91 Acres

      Midlothian Land: Prime AG & Commercial

      Texas acreage, ideal for diverse uses.
      520 F.m. 661, Midlothian, TX 76065
      View Details
    • Contact for pricing
      15.96 Acres

      Midlothian Commercial Land - 16 Acres

      Prime Ellis County commercial land, ideal for development.
      0 Walnut Grv And Us Hwy 287, Midlothian, TX 76065
      View Details
    • $2,000,000
      11.91 Acres

      Midlothian Land: 11.9 Acres

      Prime Texas acreage, endless potential.
      2790 Fm 661, Midlothian, TX 76065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Midlothian Retail Pad Sites

      Prime Ellis County location, high-growth area.
      0 Swc Us287 & Miller Rd, 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
    • Contact for pricing

      Prime Development Land in Midlothian

      Development land with freeway visibility in rapidly growing Midlothian.
      4736 W Main St, Midlothian, TX 76065
      View Details
    • $1,200 /Mo
      2,000 SF

      Versatile Warehouse in Midlothian, TX

      Spacious warehouse on 3.082 acres, ideal for various uses.
      1096 A W Tucker, Midlothian, TX 76065
      View Details
    • $3,200 /Mo
      1,120 SF

      Prime Retail Space in Midlothian

      High-visibility retail space in the heart of downtown Midlothian.
      126 N 8Th St, Midlothian, TX 76065
      View Details
    • Contact for pricing
      20 SF

      Midlothian Retail Pad Sites

      Prime Ellis County location, high-growth area.
      287 Ward Rd, 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.
    716 Main St
    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.