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    Ground Lease Retail Site Title is generated by Realmo AI

    101 State Highway 205, Terrell, TX 75160

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    Claim this Listing
    For Lease
    $10,000 /Mo

    COMMERCIAL - Terrell, TX

    Type:Retail
    Lot size:
    1.00 Acre
    Added:
    Sep 15, 2025
    Days on Market:
    262
    Last Refresh:
    Jun 3 at 6:06 am

    Property Features for 101 State Highway 205

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Property condition
    Under Construction
    Standard status
    Active
    APN
    160412
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    NAPOLIS ADDITION, LOT 1 PT

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1

    We can help!

    Listing Contact
    Tammy Barger
    Tammy Barger

    Listing agent Tammy Barger License #0667894

    Listing office RE/MAX Landmark Rose Canton, TX

    Listing date Sep 15, 2025

    MLS# 21044087

    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

    • 1‑acre ground lease site on the NW quadrant of Hwy 80 and State Hwy 205, adjacent to the Walmart parking lot
    • Direct frontage along SH‑205 with traffic counts exceeding 20,000 vehicles per day
    • Triple Net (NNN) ground lease; tenant responsible for verifying intended use with the City of Terrell
    • Public water and public sewer available
    • Listed as under construction

    Overview

    This NNN ground lease offers an exceptional 1-acre commercial site positioned on the NW quadrant of Hwy 80 and State Hwy 205 in Terrell, Texas. The property provides direct frontage along SH-205 and is designed to support a wide range of retail and service-oriented concepts, including restaurant, coffee shop, retail pad, or a shopping center configuration. Use is subject to verification with the City of Terrell to confirm compliance with applicable regulations and requirements.

    The site is located adjacent to the Walmart parking lot and benefits from prominent visibility and easy access. Public remarks indicate traffic counts exceeding 20,000 vehicles per day along SH-205, placing the location within one of Terrell’s most active retail corridors and among national retailers.

    For operators and investors seeking long-term exposure in a high-traffic retail area, this pad site can be a strong fit for businesses that value storefront presence and recurring customer drive-by traffic. Because it is a ground lease with tenant responsibility for permitted use approval, prospective tenants can plan around their intended concept while coordinating required compliance directly with the City of Terrell.
    Property Profile Location Intelligence

    Current Use by Public Records

    Napolis Italian Restaurant Restaurant Gashi Inc General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.3042712
    Latitude
    32.740287

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    FAQs

    What type of property is this?
    Commercial land - NNN ground lease on a 1-acre pad with direct SH-205 frontage and strong visibility beside the Walmart parking area.
    Where is this commercial land located?
    The property is located at 101 State Highway 205 Terrell, TX.
    What is the lease rate?
    The lease rate is $10,000 /Mo.
    What are key features of this property?
    This property features: 1‑acre ground lease site on the NW quadrant of Hwy 80 and State Hwy 205, adjacent to the Walmart parking lot; Direct frontage along SH‑205 with traffic counts exceeding 20,000 vehicles per day; Triple Net (NNN) ground lease; tenant responsible for verifying intended use with the City of Terrell
    (972) 524-2525
    We can help!
    Listing Contact
    Tammy Barger
    Tammy Barger
    Real Estate License ID: 0667894
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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.

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