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    Property profile & analytics

    791 Highway 77 Waxahachie, TX 75165

    • Commercial real estate
    • 78,635 SF
    • 10.85 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3513484
    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

    • McKinsey Health & Wellness / Medical Clinic
    • Waxahachie Civil Engineering / General Contractor
    • Unisen Media / Electronics & Wireless Store / Big Box & Wholesale Store
    • Johana's Dumpster Rental Waxahachie / General Contractor / Waste Management Facility
    • Shred Nations / Recycling Center / Waste Management Facility

    Property Details for 791 Highway 77

    Year built
    2005
    Lot size
    10.85 lot acres
    Property size
    78,635 SF
    Property type
    Commercial real estate
    APN
    90.3617.002.001.00.112
    APU
    90361700200100112

    Description

    The Market Place @ Waxahachie presents a compelling investment opportunity in a thriving Texas retail market. This Class A community center, located at 791 N Hwy 77 in Waxahachie, TX 75165, offers 102,310 square feet of retail space. Currently, there are two suites available, with a minimum divisible space of 2,310 square feet and a maximum contiguous space of 10,000 square feet. A total of 12,310 square feet is currently vacant, providing immediate opportunities for lease income generation. Strategically situated on the east side of Hwy 77, one of Waxahachie's major thoroughfares, this property benefits from high visibility and excellent accessibility. The center's prime location within the heart of Waxahachie's retail district ensures strong foot traffic and convenient access for customers. Waxahachie's advantageous location, just 34 miles south of Dallas, further enhances the property's appeal, providing access to a large and diverse consumer base. This Ellis County property offers a rare chance to acquire a well-positioned retail center with significant potential for growth and return on investment. The property's Class A designation reflects its high-quality construction and modern amenities. The available space is ideal for a variety of retail uses, making it an attractive option for both established businesses and new ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,442,000
      Market price range: $3.13M - $11.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.8434
    Latitude
    32.412
    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
    2018
    $255,487
    $4,514,524
    $8,999,012
    $13,513,536
    -
    $4,514,524
    $8,999,012
    $13,513,536

    Comparable in this City

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      2.28 Acres

      601 Us- 287 Byp

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      Cantrell St

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      0.21 Acres

      824 Cir St

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      0.16 Acres

      College St

      COMMERCIAL (GENERAL) • 0.16 Acres
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    Similar Nearby for Sale

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      17 Acres Hwy 35E Development

      Prime Waxahachie land, high development potential.
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      Waxahachie Hwy 77 Commercial Land

      High-growth area, prime development potential.
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      181 Acres Waxahachie Land

      Prime Ellis County development land.
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    Similar Nearby for Lease

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      10,000 SF

      Waxahachie Retail Center Opportunity

      Prime Retail Space, Hwy 77, Waxahachie, TX
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      10,103 SF

      Waxahachie Retail Center - Hwy 77

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      Waxahachie Marketplace Retail Space

      Prime Retail Space, 3,250 sq ft, Highway 77
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      Downtown Retail Space For Rent

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      13,818 SF

      Medical Office Building For Lease

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      Move-in Ready Waxahachie Office Space

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    791 Highway 77
    Waxahachie, TX 75165
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    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
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