Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Property for Sale Title is generated by Realmo AI

    1247 Alma Dr, Allen, TX 75013

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial property available for sale in Allen, Texas.

    Type:Retail
    Added:
    May 20, 2026
    Days on Market:
    17
    Last Refresh:
    May 20 at 8:06 pm

    Property Features for 1247 Alma Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Colin Sayre

    Listing agent Colin Sayre

    Listing office DUWEST

    Listing date May 20, 2026

    Source Commercialcafe

    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 DUWEST

    HighLights

    • Commercial property available for sale
    • Located in Allen, Texas

    Overview

    Located at 1247 Alma Dr in Allen, Texas, this commercial property is available for sale. The property is categorized under specialty properties and other specialty properties, indicating its unique characteristics within the commercial real estate market.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.7004676
    Latitude
    33.1169605

    Nearby Similar for Sale

    • $420,000
      1,420 SF

      Brand New Corner Office Suite

      Newly built corner office suite in an upscale office village with available signage visibility.
      1511 McDermott Drive, Allen, TX 75013
      View Details
    • $1,300,000

      Turnkey Childcare Facility

      Renovated childcare building with seven classrooms, turnkey FF&E, and an outdoor playground area.
      548 E Bethany Drive, Allen, TX 75002
      View Details
    • $975,000

      Auto Shop Building with Three Bays

      Own a downtown Allen auto shop building with a 3-bay garage and flexible space on a spacious lot.
      112 W Main Street, Allen, TX 75013
      View Details
    • $549,999

      Luxury Flex Garage Condo with Loft

      Turnkey garage condo featuring a custom loft, private gym, sauna, and full bath—ideal for collectors or personal workspace needs.
      2137 Chelsea Road, Allen, TX 75013
      View Details
    • $2,100,000

      Office Building for Sale

      For-sale office-focused property in Allen, Texas, offering a private site for owner-occupants or small professional tenants.
      10 E Mcdermott Drive, Allen, TX 75002
      View Details
    • $420,000
      1,420 SF

      New Office in Allen, Texas

      New 1420 SqFt office space in a desirable Allen location.
      1511 McDermott Drive #210, Allen, TX 75013
      View Details
    • Contact for pricing
      4,921 SF

      Retail/Office/Medical Space Available

      Versatile commercial space near Kroger, suitable for retail, office, or medical.
      1326 WEST MCDERMOTT DRIVE, Allen, TX 75013
      View Details
    • $1,671,650

      Specialty Commercial Site

      Specialty commercial site for sale on S Watters Road with approximately 1.05 acres for potential owner or investor use.
      610 S Watters Road, Allen, TX 75013
      View Details
    • $1,700,000
      2,662 SF

      Allen, TX Retail Opportunity

      Retail property in Allen, Texas, near major retailers.
      604 W Mcdermott Dr, Allen, TX
      View Details
    • $975,000

      Downtown Allen Building with Garage

      Rare opportunity to own a piece of local history.
      112 W Main Street, Allen, TX 75013
      View Details
    • $5,613,000
      10,731 SF

      Allen Retail Asset For Sale

      10,731 SF retail property in Allen, Texas.
      1680 E Stacy Rd, Allen, TX 75002
      View Details
    • Contact for pricing
      11,313 SF

      Vacant Child Care Property

      Vacant child care property with playground on 1.59-acre lot.
      1216 E Bethany Dr, Allen, TX
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for sale in Allen, Texas.
    Where is this specialty property located?
    The property is located at 1247 Alma Dr Allen, TX.
    What are key features of this property?
    This property features: Commercial property available for sale; Located in Allen, Texas
    We can help!
    Listing Contact
    Colin Sayre
    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

    Thank You for Inquiry
    1247 Alma Dr, Allen, TX 75013
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!