Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Highway 377 N Roanoke, TX 76262

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,639,140

    Commercial property in DFW Alliance Corridor, ideal for retail.

    Lot size:
    3.55 Acres

    Property Features for Highway 377 N

    General Information

    Lot size
    3.55 Acres

    We can help!

    Listing Contact
    Mary Ann Izzarelli
    Source: Elliman

    Listing Agency: Ebby Halliday, REALTORS Listing Agent: Mary Ann Izzarelli

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

    Learn more

    Overview

    Commercial Land in DFW Alliance

    This commercial property is located in the DFW Alliance Corridor, at the junction of Parish, 377 and S Oak Street. The commercial zoned property is suitable for retail purposes. It is located minutes from Alliance Airport and DFW, offering accessibility. The owner offers a Build To Suit opportunity, allowing for tailored construction. The property is positioned to establish a business as the focal point of Old Town Roanoke.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Roanoke
    County
    Denton
    State
    Texas
    Longitude
    -97.230102
    Latitude
    32.997799

    Nearby Similar for Sale

    • $1,075,000
      5.79 Acres

      Luxury Garage with Premium Features

      Turn-key luxury garage with high-end amenities and equipment included.
      1725 Highway 377 N, Roanoke, TX 76262
      View Details
    • $745,000
      2,288 SF

      Premium Garage Unit in Roanoke

      Exclusive Roanoke garage unit with high-end improvements and mezzanine.
      1725 N Us 377 Hwy, Roanoke, TX 76262
      View Details
    • $8,000,000
      3.36 Acres

      Roanoke Multifamily Investment Opportunity

      Multifamily property for sale in Roanoke, Texas.
      255 Turner St, Roanoke, TX 76262
      View Details
    • $2,609,000
      2,582 SF

      Roanoke Retail Investment Opportunity

      Leased retail property with corporate guarantee and rental increases.
      1325 N Us 377, Roanoke, TX
      View Details
    • $829,000
      5,400 SF

      Roanoke Flex Space with Yard

      Flex space with fenced yard and air-conditioned offices.
      11354 Airway Blvd, Roanoke, TX 76262
      View Details
    • $999,999

      Roanoke Specialty Property For Sale

      Specialty property available for purchase in Roanoke, Texas.
      13978 Ridgetop Rd, Roanoke, TX 76262
      View Details
    • $1,300,000

      Industrial Property For Sale

      Industrial property available for purchase.
      1725 201 &, Roanoke, TX 76262
      View Details
    • $429,000

      Industrial Property Available For Sale

      Industrial property for sale, priced at $429,000.
      1725 703, Roanoke, TX 76262
      View Details
    • $1,800,000
      4,212 SF

      High-Visibility Roanoke Commercial Building

      Prime Roanoke location, versatile space, high traffic.
      207 Byron Nelson Blvd, Roanoke, TX 76262
      View Details
    • $200,000
      0.22 Acres

      High-Visibility Roanoke Commercial Lot

      Prime Retail/Office Lot, Hwy 377 Access
      2 James St, Roanoke, TX 76262
      View Details
    • $999,000
      0.71 Acres

      Gateway to Alliance Corridor

      Prime Roanoke commercial land, build-to-suit option.
      604 Oak St, Roanoke, TX 76262
      View Details
    • $1,675,000
      24.00 Acres

      24 Acres Roanoke, Prime Location

      Exceptional Roanoke acreage, I-35 access.
      Old Denton Rd, Roanoke, TX 76262
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property in DFW Alliance Corridor, ideal for retail.
    Where is this commercial land located?
    The property is located at Highway 377 N Roanoke, TX.
    What is the asking price?
    The asking price for this property is $4,639,140.
    What are key features of this property?
    This property features: - Prime location in the highly sought-after DFW Alliance Corridor.; - Commercial zoning ideal for retail businesses.; - Build To Suit opportunity for tailored construction.
    Request Owner's contact information
    Highway 377 N Roanoke, TX 76262
    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.
    Highway 377 N
    Roanoke, TX 76262
    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
    Highway 377 N Roanoke, TX 76262
    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
    Mary Ann Izzarelli
    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.