Sign Up Successful!
You now have access to more from Realmo!
    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

    113-240 Town Pl Fairview, TX

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available in Fairview Town Center.

    Property size:
    10,162 SF
    Lot size:
    57.84 Acres

    Property Features for 113-240 Town Pl

    General Information

    Size
    10,162 SF
    Lot size
    57.84 Acres

    We can help!

    Listing Contact
    Thomas Glendenning
    Source: Moodyscre

    Listing Agent: Thomas Glendenning

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

    Learn more

    Overview

    Fairview Town Center Retail Space

    Fairview Town Center is a shopping, dining, and entertainment destination. This shopping center is home to retail anchors such as JC Penney and Macy’s, as well as Whole Foods Market. The location draws in crowds for local and community events and benefits from the area's demographics. The open-air center features multiple green spaces. Located off of US-75 and Stacy Rd, the property offers high visibility and easy access. Multiple opportunities are available, ranging from 1,416 to 13,210 square feet. There are 372 total multi-family units set to deliver by early 2025.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Collin
    State
    Texas
    Longitude
    -96.6316593
    Latitude
    33.1578952

    Nearby Similar for Lease

    • Contact for pricing
      3,585 SF

      Retail Space in Fairview Town

      Retail spaces available in a high-traffic, open-air shopping center.
      101-123 Fairview Sta Pkwy, Fairview, TX
      View Details
    • Contact for pricing
      6,433 SF

      Fairview Town Center Retail Space

      Retail spaces available in Fairview Town Center, ranging from 1,416-13,210 SF.
      311-351 Town Pl, Fairview, TX
      View Details
    • Contact for pricing
      2,118 SF

      Retail Space in Fairview Town Center

      Retail spaces available in a popular open-air shopping center.
      103-199 Town Pl, Fairview, TX
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Fairview Town Center

      Retail spaces available in a popular open-air shopping center.
      210-236 Town Pl, Fairview, TX
      View Details
    • Contact for pricing
      1,597 SF

      Fairview Town Center Retail Space

      Retail spaces available in Fairview Town Center.
      116-198 Fountain Ct, Fairview, TX
      View Details
    • Contact for pricing
      7,433 SF

      Fairview Town Center Retail Space

      Retail spaces available in Fairview Town Center shopping destination.
      330-352 Town Pl, Fairview, TX
      View Details
    • Contact for pricing
      10,727 SF

      Fairview Town Center Retail Space

      Retail spaces available in Fairview Town Center shopping destination.
      102-132 Town Pl, Fairview, TX
      View Details
    • Contact for pricing
      6,720 SF

      Retail Space in Fairview Town

      Retail spaces available in a high-traffic, open-air shopping center.
      146 Town Pl, Fairview, TX
      View Details
    • Contact for pricing
      3,391 SF

      Fairview Retail Space For Lease

      Retail spaces available in Fairview Town Center.
      163-289 Town Pl, Fairview, TX
      View Details
    • Contact for pricing
      2,404 SF

      Fairview Retail Spaces For Lease

      Retail spaces available in Fairview Town Center.
      100-310 Pr Rd, Fairview, TX
      View Details
    • $26 SF/Yr
      2,195 SF

      Fairview Office Space For Lease

      Office space with I-75 frontage and walkable amenities.
      195 Murray Farm Rd, Fairview, TX
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in Fairview Town Center.
    Where is this shopping center located?
    The property is located at 113-240 Town Pl Fairview, TX.
    What are key features of this property?
    This property features: - High visibility and easy access off of US-75 & Stacy Rd; - Shopping, dining, and entertainment destination for Fairview, Allen, & McKinney, TX; - Anchored by JC Penney, Macy’s, and Whole Foods Market
    (214) 960-4528
    Request Owner's contact information
    113-240 Town Pl Fairview, TX
    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.
    113-240 Town Pl
    Fairview, TX
    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
    113-240 Town Pl Fairview, TX
    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

    We can help!
    Listing Contact
    Thomas Glendenning
    Real Estate License ID: CA 01704987
    (214) 960-4528
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.