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    511 W University Dr Denton, TX 76201

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    For Lease
    Contact for pricing

    Remodeled retail center with high visibility, delivering Q2 2024.

    Property size:
    10,267 SF
    Lot size:
    10,267 SF

    Property Features for 511 W University Dr

    General Information

    Size
    10,267 SF

    Source: Brad Tyndall Agent Brad Tyndall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Retail Center on University

    This newly remodeled retail center is scheduled for delivery in Q2 2024. The center is undergoing a complete update, featuring eye-catching exterior finishes. Ample parking is available. The new multi-tenant design aims to be a major upgrade to this retail corner. Located at the corner of University Drive and Carroll Boulevard, the property benefits from high traffic volume, with over 32,000 vehicles per day, providing excellent visibility and access. This location is suitable for restaurant and retail businesses. The property is in shell condition and tenant improvements are available. The property size is 10267 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Village Shopping Center, Building, Torchy's Tacos', University Center, Heritage Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1378119
    Latitude
    33.2304464

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    FAQs

    What type of property is this?
    Shopping center - Remodeled retail center with high visibility, delivering Q2 2024.
    Where is this shopping center located?
    The property is located at 511 W University Dr Denton, TX.
    What are key features of this property?
    This property features: - Prime corner location at the intersection of University Drive and Carroll Boulevard.; - High traffic volume with over 32,000 vehicles per day (VPD).; - Newly remodeled and updated retail center, delivering Q2 2024.
    (682) 553-3766
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    Realmo Value Estimation

    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.

    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.

    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
    511 W University Dr Denton, TX 76201
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