Retail Space in High-Growth
103 College Street, Anna, TX 75409
Retail space with large parking lot in high-growth Anna.
Type:Retail
Property size:
1,913 SFPrice / SF:
$182/SF- Added:
- Mar 7, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 16 at 3:30 pm
Property Features for 103 College Street
General Information
- Standard status
- Active
- Size
- 1,913 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1940
Listing agent Lisa Flaggert License #TX 464689
Listing office Coldwell Banker Apex, Realtors
Listing date Mar 7, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Apex, Realtors
HighLights
- Prime corner lot location in high‑growth Anna area, minutes from 121.
- Large, versatile open space suitable for multiple purposes.
- Includes three lots and an oversized parking lot.
- Additional private room in rear, ideal for storage or private use.
- Features a bathroom.
- Solid building constructed in 1940.
Overview
This property is a solid building with a large multipurpose space, located minutes from 121 in the high-growth area of Anna. It features an additional private room in the rear, suitable for storage or private parties, along with a bathroom. The large open space offers endless opportunities and includes three lots situated on a corner, providing a superior location. The property also features an oversized parking lot and smooth paved roads. The building has 1913 square feet of retail space.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$342.0K
NOI $30,781 @ 9.00% cap · cautious / downside scenario
Moderate
$439.7K
NOI $30,781 @ 7.00% cap · market / base-case scenario
Aggressive
$615.6K
NOI $30,781 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $24.12 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $44.0k | $22.99 |
| − OpEx | −$13.2k | −$6.90 |
| NOI | $30.8k | $16.09 |
1,913 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$439.7K
$384.8K – $513.0K
NOI $30,781 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.90M
$1.66M – $2.22M
NOI $133,061 @ 7.0% cap · market cap 38.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Motorcycle Outpost
Industrial Manufacturer
Location Insight
- Map
- Local Demand
- City
- Anna
- County
- Collin
- State
- Texas
- Longitude
- -96.4633575
- Latitude
- 33.3626245
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail space with large parking lot in high-growth Anna.
Where is this retail space located?
The property is located at 103 College Street Anna, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime corner lot location in high‑growth Anna area, minutes from 121.; Large, versatile open space suitable for multiple purposes.; Includes three lots and an oversized parking lot.
