Mixed-Use Building with
New
For Sale
$1,400,000
103 W Broad, Forney, TX 75126
A six-office showroom adjoins warehouse space with roll-up access at both ends.
Property Size10,000 SF
Price / SF$280
Days on Market3
Property Features for 103 W Broad
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail
Site & Location
Road Access
Yes
Utilities to Site
Yes
Mixed-Use Components
showroom, office, warehouse
Additional Details
Tenant in Place
Yes
Property Use
Showroom/Warehouse
Amenities
Coffee bar area
Building Details
Building Size
10,000 SF
Year Built
1933
Listing Agency:
Keller Williams Rockwall
Listed By:
Cindy Miller
Source:
Baerealty
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 12:37PM
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 Keller Williams Rockwall
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Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 5,000 sf, arranged as a showroom with six offices alongside warehouse space. Roll-up doors at the front and rear provide access to the warehouse. The office area has laminate flooring, and the building includes a coffee bar area and restroom.
The storefront has six large windows facing W Broad and three windows at the rear. Additional parking is located behind the building. Built in 1933, the property is at 103 W Broad in Forney, Texas.
The storefront has six large windows facing W Broad and three windows at the rear. Additional parking is located behind the building. Built in 1933, the property is at 103 W Broad in Forney, Texas.
Key Highlights
- Approximately 5,000 sf of mixed‑use space
- Showroom layout with 6 offices and adjacent warehouse area
- Roll‑up doors at both the front and rear of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,429
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,580
$1.7M
Cap Rate 7%
$1,191,843
$1.2M
Cap Rate 9%
$926,989
$927.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$124.8K $24.96/SF
− Vacancy
−$5.6K −$1.12/SF
EGI
$119.2K $23.84/SF
− OpEx
−$35.8K −$7.15/SF
NOI
$83.4K $16.69/SF
Area
Kaufman County, TX
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,580
Cap Rate 7%
$1,191,843
Cap Rate 9%
$926,989
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,429 @ 7.0% cap · market cap 5.96%
Second Best
Mixed Use
$735.3K
$643.4K – $857.8K
NOI $51,469 @ 7.0% cap · market cap 3.68%
Theoretical Best
Multifamily LT 5
$62.93M
$55.06M – $73.42M
NOI $4,404,907 @ 7.0% cap · market cap 314.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
753
Businesses Nearby
Explore this area
Business Placement
Demographics for 75126, TX
64,573
Population
24,316
Households
2.7
Avg Household Size
32
Median Age
36%
College-Educated
92%
High-School Grad
81.6 sq mi
ZIP Area
791
Density / Sq Mi
$104,001
Median Household Income
$55,453
Median Earnings
$1,930
Median Rent
$337,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A six-office showroom adjoins warehouse space with roll-up access at both ends.
Where is this mixed-use property 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: Approximately 5,000 sf of mixed‑use space; Showroom layout with 6 offices and adjacent warehouse area; Roll‑up doors at both the front and rear of the building
