Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    101 Plaza Pl Northlake, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Move-in ready retail space with high visibility and drive-through.

    Type:RETAIL
    Property size:
    1,536 SF
    Lot size:
    10.92 Acres
    Added:
    Sep 19, 2024
    Days on Market:
    584
    Last Refresh:
    Apr 5 at 9:33 pm

    Property Features for 101 Plaza Pl

    General Information

    Standard status
    Active
    Size
    1,536 SF
    Lot size
    10.92 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 101 Plaza Pl Contact us

    We can help!

    Listing Contact
    Becky Compton
    Becky Compton

    Listing agent Becky Compton License #0525467

    Listing office Office Equity Solutions

    Listing date Sep 19, 2024

    Source Moodyscre

    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 Office Equity Solutions

    Overview

    Retail Space with Drive-Through

    This property offers a 3,078-square-foot retail space suitable for retail or pharmacy use. The location features high visibility and road frontage on FM 407 and E. Cleveland Gibbs Road. It is situated near 10 growing communities, including Robson Ranch, Harvest, and Pecan Acres. Infrastructure is being developed to support the area's dynamic growth. The space is move-in ready and includes a one-lane drive-through. It is located at the front of the center with frontage on FM 407.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Northlake
    County
    Denton
    State
    Texas
    Longitude
    -97.2656
    Latitude
    33.1273

    Nearby Similar for Lease

    • $795/Mo

      Northlake Office Space Available

      Office space available within existing real estate office in Northlake.
      4451 Dale Earnhardt Way, Northlake, TX 76262
      View Details
    • $13 SF/Yr

      Northlake Flex/Office/Showroom Space Available

      Flex/office/showroom space with highway visibility near I-35.
      4451 Dale Earnhardt Boulevard, Northlake, TX
      View Details
    • $30 SF/Yr

      New Office Space Available

      New office space for lease in Northlake, Texas.
      7251 Canyon Falls Dr, Northlake, TX
      View Details
    • Contact for pricing

      Northlake Distribution Center Available

      Modern distribution center in Alliance submarket with excellent access.
      3400 Catherine Ct E, Northlake, TX
      View Details
    • Contact for pricing

      Northlake Flex Space For Lease

      Flex/office spaces in Northlake, TX, near Texas Motor Speedway.
      4451 Dale Earnhardt Wy, Northlake, TX 76262
      View Details
    • Contact for pricing

      Northlake Warehouse Space Available

      363,158 SF warehouse with secured truck courts in Northlake, TX.
      15300 Northlink Dr, Northlake, TX
      View Details
    • Contact for pricing

      Northlake Warehouse Space Available

      165,818 SF warehouse space with 36' clear height.
      3501 Mcpherson Dr, Northlake, TX
      View Details
    • Contact for pricing

      Northlake Warehouse Space Available

      288,770 SF warehouse with 36' clear height for lease.
      12301 Harmonson Rd , Northlake, TX
      View Details
    • Contact for pricing

      Northlake Warehouse Space Available

      122,990 SF warehouse space with 32' clear height.
      3435 McPherson Dr, Northlake, TX
      View Details
    • Contact for pricing

      Northlake Warehouse Space Available

      634,744 SF warehouse space for lease in Northlake, TX.
      3500 McPherson Dr, Northlake, TX
      View Details

    FAQs

    What type of property is this?
    Retail space - Move-in ready retail space with high visibility and drive-through.
    Where is this retail space located?
    The property is located at 101 Plaza Pl Northlake, TX.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: High visibility and road frontage on FM 407 and E. Cleveland Gibbs Road; Located in a rapidly growing area near 10 communities; Move‑in ready for retail or pharmacy use
    (817) 681-4129 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Becky Compton
    Becky Compton
    Real Estate License ID: 0525467
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!