1337 S Main St Keller, TX 76248
1337 S Main St, Keller, TX, 76248
Contact for pricing
For Sale
Contact for pricing
Retail space
Property Size5,546 SF
Price / SF$288.50
Days on Market1973
Property Features for 1337 S Main St
General Information
- Standard status
- Active
- Size
- 5,546 SF
- Property subtype
- RETAIL
Listing agency
Vision Commercial Real Estate - Grapevine
(817) 668-6508
Listed by
Spencer George
(817) 668-6508
Source
Moodyscre
Added: Feb 24, 2021 Updated: Jul 21 at 4:01PM Checked: Jul 21 at 4:01PM
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 Vision Commercial Real Estate - Grapevine
Investment Insights
Based on property information with market context.
Key Highlights
- 5,546 SF freestanding building
- Direct frontage on S Main St / Hwy 377
- Ample surface parking
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.4k | $24.96 |
| − Vacancy | −$6.9k | −$1.25 |
| EGI | $131.5k | $23.71 |
| − OpEx | −$39.5k | −$7.11 |
| NOI | $92.1k | $16.60 |
5,546 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.53M
NOI $92,055 @ 7.0% cap · market cap 5.75%
Second Best
Office B
$1.10M
$964.0K – $1.29M
NOI $77,117 @ 7.0% cap · market cap 4.82%
Theoretical Best
Multifamily LT 5
$77.56M
$67.86M – $90.48M
NOI $5,429,033 @ 7.0% cap · market cap 339.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Keller Printing & Graphics
(Bike/Boat/Book/etc) Store
King & Roberts Studio ...
Training Center
Henson Corp
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
Where is this retail space located?
The property is located at 1337 S Main St Keller, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,546 SF freestanding building; Direct frontage on S Main St / Hwy 377; Ample surface parking
