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

    1388 FM 548 Forney, TX

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with high visibility and access north of US-80.

    Type:RETAIL
    Property size:
    8,000 SF
    Lot size:
    6.76 Acres
    Added:
    May 17, 2024
    Days on Market:
    686
    Last Refresh:
    Mar 29 at 9:09 pm

    Property Features for 1388 FM 548

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    6.76 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1388 FM 548 Contact us

    We can help!

    Listing Contact
    Jeanie Gillock
    Jeanie Gillock

    Listing agent Jeanie Gillock

    Listing office Ridge Pointe Commercial Real Estate

    Listing date May 17, 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 Ridge Pointe Commercial Real Estate

    Overview

    Retail Space Near US-80

    This retail space offers excellent visibility and access, situated north of US-80. It is adjacent to a Bahama Bucks, a barber shop, and a mail service location that is coming soon. The property benefits from walkability to Gateway Boulevard apartments. Its location provides close proximity to schools and homes, with over 25,000 future homes planned in the immediate area. Forney, where the property is located, is recognized as one of the nation’s most rapidly expanding cities, experiencing a population increase of 60% between 2010 and 2020. The property is located in Kaufman County, which is ranked as America’s third fastest-growing county. The property has a size of 8000 square feet.
    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 Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Forney
    County
    Kaufman
    State
    Texas
    Longitude
    -96.4411
    Latitude
    32.7511

    Nearby Similar for Lease

    • Contact for pricing

      Forney Corner Lot Retail/Office

      Highly visible corner lot in rapidly growing Forney, Texas.
      802 E Broad Street, Forney, TX 75126
      View Details
    • $30/mo

      New Retail Space in Forney,TX

      New retail center under construction, customizable units, high-traffic location.
      7112 Fm 741, Forney, TX 75126
      View Details
    • Contact for pricing

      Versatile Property in Growing Forney

      Remodeled property suitable for residential or commercial use in Forney.
      407 E Broad St, Forney, TX, 75126-4112
      View Details
    • $26/mo

      Professional Office Spaces in Forney

      Professional office spaces available for lease in Forney, Texas.
      512 Pinson Rd, Forney, TX, 75126-9591
      View Details
    • Contact for pricing

      Shell Condition Flex Space Available

      Flex space in shell condition, various sizes, short term leases.
      10552 Co Rd 213, Forney, TX 75126
      View Details
    • Contact for pricing

      New Warehouse Development in Forney

      New warehouse spaces for lease in growing Kaufman County.
      16417 FM 548, Forney, TX 75126
      View Details
    • Contact for pricing

      Retail Space in Growing County

      Retail spaces in Kaufman County, near H-E-B and major highways.
      2038 Abbey Rd, Forney, TX
      View Details
    • Contact for pricing

      Retail Space in High-Growth Area

      Retail spaces available in a rapidly growing Texas suburb.
      630 E US Hwy 80, Forney, TX
      View Details
    • Contact for pricing

      Retail Space in High-Growth Area

      Retail spaces available in a rapidly growing Forney, Texas.
      575 Marketplace Blvd, Forney, TX
      View Details
    • Contact for pricing

      Retail Space in Forney, TX

      Retail space available in a Tom Thumb shadow-anchored center.
      415 FM 548, Forney, TX
      View Details
    • Contact for pricing

      Retail Space Near Brookshire's

      Retail property with high visibility and traffic exposure.
      425 Pinson Rd, Forney, TX
      View Details
    • Contact for pricing

      Retail Space in Growing Suburb

      Retail spaces available in high-growth Forney, Texas.
      182 Trailhouse Ln, Forney, TX
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and access north of US-80.
    Where is this retail space located?
    The property is located at 1388 FM 548 Forney, TX.
    What are key features of this property?
    This property features: Located in Kaufman County, America’s third fastest‑growing county.; Forney is one of the nation’s most rapidly expanding cities. Population increase of 60% between 2010 & 2020.; Close proximity to schools & homes with over 25,000 future homes planned in immediate area.
    (214) 304-8774 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeanie Gillock
    Jeanie Gillock
    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!