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    Forney Retail/Warehouse Opportunity Title is generated by Realmo AI

    103 W Broad, Forney, TX 75126

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    Claim this Listing
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    For Sale
    $1,400,000

    Retail - Forney, TX

    Type:Retail
    Property size:
    5,000 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $280/SF
    Added:
    May 30, 2026
    Days on Market:
    2
    Last Refresh:
    May 31 at 9:06 am

    Property Features for 103 W Broad

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    23624
    Size
    5,000 SF
    Lot size
    0.29 Acres

    Utilities

    Heating system
    Central, Zoned (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1933
    Flooring type
    Concrete, Laminate
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Cindy Miller
    Cindy Miller

    Listing agent Cindy Miller License #0481033

    Listing office Keller Williams Rockwall 550 Vigor Way Ste 200, Rockwall, TX

    Listing date May 30, 2026

    MLS# 21283153 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Broad Street.
    • 5,000 sq ft of flexible showroom and warehouse space.
    • Roll‑up doors in front and back with additional rear parking.
    • Multiple potential uses (drive‑thru, retail, etc.).
    • Six offices, coffee bar area, and restroom.
    • Brick construction with central heating and air conditioning.

    Overview

    Located on busy Broad Street in Forney, Texas, this multi-use building offers a showroom with six offices and warehouse space. The property features roll-up doors at the front and back, along with additional parking in the rear. The interior includes a coffee bar area, a restroom, and laminate flooring in the office area. Six large windows are located in the front, with three in the back. The space is approximately 5,000 square feet and sits on a 0.287-acre lot. Potential business uses include a drive-thru beer barn, beauty supply store, decor shop, wood swing set retailer, bounce house venue, coffee bar with outside seating in the warehouse, or boutique.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $124.8k $24.96
    − Vacancy −$5.6k −$1.12
    EGI $119.2k $23.84
    − OpEx −$29.8k −$5.96
    NOI $89.4k $17.88
    5,000 SF · lease $24.96/SF/yr · vacancy 4.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.28M
    $1.12M – $1.49M (±1% cap)
    NOI $89,388 @ 7.0% cap · market cap 6.38%
    Second Best
    Retail
    $1.19M
    $1.04M – $1.39M (±1% cap)
    NOI $83,429 @ 7.0% cap · market cap 5.96%
    Theoretical Best
    Multifamily LT 5
    $62.93M
    $55.06M – $73.42M (±1% cap)
    NOI $4,404,907 @ 7.0% cap · market cap 314.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    FORNEY RADIATOR & DPF ... Auto Repair Shop DPF Alternatives Waco Auto Repair Shop Vio Custom Collections (Bike/Boat/Book/etc) Store Home Sweet Home ... Furniture & Home Goods Surrell Heating & Air HVAC Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Forney
    County
    Kaufman
    State
    Texas
    Longitude
    -96.471064
    Latitude
    32.749294

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    FAQs

    What type of property is this?
    Retail space - Versatile building on Broad Street with showroom, offices, and warehouse.
    Where is this retail space located?
    The property is located at 103 W Broad Forney, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: High‑traffic location on Broad Street.; 5,000 sq ft of flexible showroom and warehouse space.; Roll‑up doors in front and back with additional rear parking.
    (972) 772-7000
    We can help!
    Listing Contact
    Cindy Miller
    Cindy Miller
    Real Estate License ID: 0481033
    Request Owner's contact information
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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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