New Mixed-Use Project For
For Sale
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1601 E Trinity Mills Rd, Carrollton, TX
Newly constructed mixed-use project with high traffic visibility.
Property Size40,000 SF
Lot Size2.85 Acres
Price / SF$212.50
Days on Market1354
Property Features for 1601 E Trinity Mills Rd
General Information
Standard status
Active
Size
40,000 SF
Lot size
2.85 Acres
Property subtype
RETAIL
Listing Agency:
The Rosenfeld Company
Listed By:
Matthew Rosenfeld · License #626809
(214) 755-9797
Source:
Moodyscre
Added: Feb 6, 2023
Changed: Oct 5
Last Checked: Oct 20 at 7:00PM
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 The Rosenfeld Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Trinity Highlands is a newly constructed mixed-use project located at 1601 E Trinity Mills Road. The property benefits from a visible and accessible location along the heavily-trafficked President George Bush Turnpike, a major east-west thoroughfare with traffic counts exceeding 111,000 vehicles per day. The property size is 40,000 square feet.
Key Highlights
- Visible and accessible location on E Trinity Mills Road.
- Located along the heavily‑trafficked President George Bush Turnpike.
- Traffic counts exceeding 111,000 vehicles per day.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$642,943
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,858,860
$12.9M
Cap Rate 7%
$9,184,900
$9.2M
Cap Rate 9%
$7,143,811
$7.1M
Market Conditions
NOI Build-Up for 40,000 SF
Gross rent
$964.8K $24.12/SF
− Vacancy
−$46.3K −$1.16/SF
EGI
$918.5K $22.96/SF
− OpEx
−$275.5K −$6.89/SF
NOI
$642.9K $16.07/SF
Area
Carrollton, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,858,860
Cap Rate 7%
$9,184,900
Cap Rate 9%
$7,143,811
Alternative Uses
Best Use
Retail
$9.18M
$8.04M – $10.72M
NOI $642,943 @ 7.0% cap · market cap 7.56%
Second Best
Mixed Use
$7.71M
$6.75M – $9.00M
NOI $540,000 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$9.84M
$8.61M – $11.48M
NOI $688,867 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
1k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
H&R Block
Shops & Services
1,372 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- Carrollton Town Center — 2540 Old Denton Rd, Carrollton, TX 75007
- Carrollton Corners — 1017 E Trinity Mls Rd, Carrollton, TX 75006
- AMAFHH Center — 2640 Old Denton Rd, Carrollton, TX 75007
Frequently Asked Questions
What type of property is this?
Shopping center - Newly constructed mixed-use project with high traffic visibility.
Where is this shopping center located?
The property is located at 1601 E Trinity Mills Rd Carrollton, TX.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Visible and accessible location on E Trinity Mills Road.; Located along the heavily‑trafficked President George Bush Turnpike.; Traffic counts exceeding 111,000 vehicles per day.**
