Old Town Keller Commercial
For Sale
Contact for pricing
128 Taylor St, Keller, TX 76248
Commercial potential in high-traffic Old Town Keller district.
Property Size1,782 SF
Price / SF$361.95
Days on Market148
Property Features for 128 Taylor St
General Information
Standard status
Active
Size
1,782 SF
Class
C
Property subtype
Mixed Use, Office, Retail, Special Purpose
Zoning
Residential
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
United Country Texas Real Estate & Auction Service
(817) 360-8499
Listed By:
Jeff Taylor · License #0677175
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: May 8 at 10:12AM
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 United Country Texas Real Estate & Auction Service
Investment Insights
Based on property information with market context.
This property presents a commercial opportunity in the heart of Old Town Keller. Currently zoned residential, the property is slated to convert to commercial zoning upon sale, opening possibilities for approved business uses in a walkable district. The location benefits from high traffic, exceptional visibility, and accessibility. The City has approved a variety of commercial uses, making it suitable for entrepreneurs. Potential uses include a coffee shop, plant boutique, therapy or medical office, pet grooming salon, restaurant, microbrewery, retail storefront, or professional office. The property features an open-concept layout with three private rooms suitable for offices, classrooms, or treatment areas, plus a fully updated kitchen with premium finishes and separate entrances to the backyard and garage. Situated on a spacious lot with mature shade trees, the property offers ample room for on-site parking. The property size is 1782 square feet. The home will be commercial upon closing with no application for zoning change required; however, approval may be required if the business is a Special Use Permit designation.
Key Highlights
- Slated to convert to commercial zoning upon sale with no application required, opening opportunities for various business uses.
- Prime location in the heart of Old Town Keller, a high‑traffic, walkable district with exceptional visibility.
- City‑approved wide variety of commercial uses, making it a turnkey opportunity.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,578
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$591,560
$591.6K
Cap Rate 7%
$422,543
$422.5K
Cap Rate 9%
$328,644
$328.6K
Market Conditions
NOI Build-Up for 1,782 SF
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.
Gross rent
$44.5K $24.96/SF
− Vacancy
−$2.2K −$1.25/SF
EGI
$42.3K $23.71/SF
− OpEx
−$12.7K −$7.11/SF
NOI
$29.6K $16.60/SF
Area
Denton County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$591,560
Cap Rate 7%
$422,543
Cap Rate 9%
$328,644
Alternative Uses
Best Use
Retail
$422.5K
$369.7K – $493.0K
NOI $29,578 @ 7.0% cap · market cap 4.59%
Second Best
Office B
$354.0K
$309.7K – $413.0K
NOI $24,779 @ 7.0% cap · market cap 3.84%
Theoretical Best
Multifamily LT 5
$24.92M
$21.81M – $29.07M
NOI $1,744,417 @ 7.0% cap · market cap 270.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
Explore this area
Business Placement
Demographics for 76248, TX
40,894
Population
14,749
Households
2.8
Avg Household Size
42
Median Age
60%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
2,588
Density / Sq Mi
$169,391
Median Household Income
$77,224
Median Earnings
$1,979
Median Rent
$545,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial potential in high-traffic Old Town Keller district.
Where is this mixed-use property located?
The property is located at 128 Taylor St Keller, TX.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Slated to convert to commercial zoning upon sale with no application required, opening opportunities for various business uses.; Prime location in the heart of Old Town Keller, a high‑traffic, walkable district with exceptional visibility.; City‑approved wide variety of commercial uses, making it a turnkey opportunity.
