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

    112 Nichols Ct Granbury, TX

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

    New retail construction with high visibility and access.

    Type:RETAIL
    Property size:
    5,000 SF
    Lot size:
    2.50 Acres
    Added:
    Apr 22, 2025
    Days on Market:
    369
    Last Refresh:
    Apr 5 at 10:55 pm

    Property Features for 112 Nichols Ct

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    2.50 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 112 Nichols Ct Contact us

    We can help!

    Listing Contact
    Jack Weir
    Jack Weir

    Listing agent Jack Weir

    Listing office SHOP Companies - Corporate

    Listing date Apr 22, 2025

    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 SHOP Companies - Corporate

    Overview

    Retail Space on Highway 377

    This new construction retail opportunity is located on the south side of Highway 377 in Granbury, Texas. The multi-tenant building is situated at the same intersection as HEB and Kroger. The location offers strong visibility and access off Highway 377, which sees approximately 38,000 vehicles per day. The property has a size of 5,000 square feet. Delivery of the space is expected in Q1 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Granbury
    County
    Hood
    State
    Texas
    Longitude
    -97.7244
    Latitude
    32.4578

    Nearby Similar for Lease

    • $3,000/Mo

      Granbury Warehouse and Office Space

      Warehouse and office space available for lease in Granbury, TX.
      211 M And M Ranch Road, Granbury, TX 76049
      View Details
    • $3,200/Mo

      Granbury Restaurant/Bar Space Available

      Restaurant/bar space for lease in high-traffic Granbury location.
      715 Autumn Ridge Drive, Granbury, TX 76048
      View Details
    • $2,400/Mo

      Granbury Commercial Building For Lease

      Versatile commercial building suitable for various business uses in Granbury.
      515 W Bridge Street, Granbury, TX 76048
      View Details
    • $995/Mo

      Granbury Warehouse and Office Space

      Commercial office warehouse buildings for lease near US Hwy 377.
      113 Temple Hall Highway, Granbury, TX 76049
      View Details
    • $25 SF/Yr

      Modern Medical Office Building

      Modern medical office space available for lease in Granbury, TX.
      1200 Crawford Avenue, Granbury, TX 76048
      View Details
    • $25 SF/Yr

      Modern Medical Office in Granbury

      Modern medical office space available for lease in Granbury.
      1200 Crawford Avenue, Granbury, TX 76048
      View Details
    • $25 SF/Yr

      Modern Medical Office Suite

      Modern medical office suite available for lease in Granbury.
      1200 Crawford Avenue, Granbury, TX 76048
      View Details
    • $1,650/Mo

      Retail/Office Space in Granbury, TX

      2000 SqFt retail or office space near Granbury Square.
      340 S Morgan Street, Granbury, TX 76048
      View Details
    • $1,300/Mo

      Versatile Commercial Space in Granbury

      Remodeled commercial plaza ideal for office, retail, or medical use.
      3000 E US Highway 377 Highway 3014, Granbury, TX 76049
      View Details
    • $1,300/Mo

      Granbury Office, Retail, Medical Space

      Versatile commercial space ideal for office, retail, and medical purposes.
      3000 E US Highway 377 Highway, Granbury, TX 76049
      View Details
    • $1,100/Mo

      Professional Office Space in Acton

      Professional office space for rent in a high-traffic area.
      5409 Acton Highway, Granbury, TX 76049
      View Details
    • $1,600/Mo

      Retail Space in Granbury, TX

      Retail space available for lease in Granbury, Texas.
      300 S Morgan Street, Granbury, TX 76048
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail construction with high visibility and access.
    Where is this retail space located?
    The property is located at 112 Nichols Ct Granbury, TX.
    What are key features of this property?
    This property features: Prime location at a super‑regional corridor of Granbury; Situated at the intersection of HEB and Kroger; Strong visibility and access on Hwy 377
    (214) 935-5634 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jack Weir
    Jack Weir
    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!