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    High-Visibility Retail Shopping Center Title is generated by Realmo AI

    1259 N Alma Drive, Allen, TX 75013

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    For Lease
    $6,500/Mo $26 SF/Yr (calc)

    COMMERCIAL - Allen, TX

    Type:Retail
    Property size:
    3,000 SF
    Lot size:
    1.06 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    103
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 1259 N Alma Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    R962700A00601
    Lot size
    1.06 Acres

    Taxes and HOA fees

    Tax Description
    KIDS R KIDS (CAL), BLK A, LOT 6; (REPLAT)

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2022
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Concrete
    Building materials
    Brick, Concrete
    Roof type
    Metal, Asphalt

    We can help!

    Listing Contact
    Abbas Mortezaie-Asl

    Listing agent Abbas Mortezaie-Asl License #0804211

    Listing office United Real Estate Frisco Dallas, TX

    Listing date Feb 19, 2026

    MLS# 20688702

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New retail shopping center built in 2022 in Allen, TX at the Alma & Exchange intersection
    • Available space of about 3,000 SF for lease
    • Lease rate listed at $36/SF with triple net lease terms
    • Adjacent to Dutch Bros Coffee and Salad and Go
    • Public water and public sewer available
    • Construction materials include brick and concrete; roofing includes metal and asphalt

    Overview

    This newly constructed retail shopping center offers approximately 3,000 square feet of leasable space designed for modern customer traffic and merchandising. The property features strong visibility for storefront presentation, ample frontage with signage opportunities, and on-site parking intended to support both customers and staff. The available configuration is well-suited for a range of neighborhood retail uses and service-oriented concepts.

    Located at the intersection of Alma and Exchange at 1259 N Alma Drive in Allen, Texas, the center benefits from a high-traffic retail environment. The shopping center is anchored by and benefits from nearby daily-draw tenants, including Dutch Bros Coffee and Salad and Go, supporting consistent foot traffic and consumer visibility. A dental office is also present in the surrounding tenant mix.

    For tenants seeking a polished retail location with visibility and parking convenience, this space presents a practical option in a concentrated retail setting. The triple-net lease structure can appeal to operators who want to secure a high-exposure storefront and build brand presence in an active shopping center. This is a compelling fit for boutique retail, cafes, and service providers looking to capitalize on steady customer activity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Allen Dental Lounge Dental Office Fantastic Sams Cut ... Hair Salon

    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.

    Similar Places Nearby

    • The Farm — 1262 Blue Tractor Ln, Allen, TX 75013

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.699064
    Latitude
    33.116965

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    FAQs

    What type of property is this?
    Shopping center - Newly constructed retail space in a high-traffic shopping center with strong frontage, signage visibility, and ample parking.
    Where is this shopping center located?
    The property is located at 1259 N Alma Drive Allen, TX.
    What is the lease rate?
    The lease rate is $6,500 /Mo.
    What are key features of this property?
    This property features: New retail shopping center built in 2022 in Allen, TX at the Alma & Exchange intersection; Available space of about 3,000 SF for lease; Lease rate listed at $36/SF with triple net lease terms
    (972) 372-0590
    We can help!
    Listing Contact
    Abbas Mortezaie-Asl
    Real Estate License ID: 0804211
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    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.

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