Shell Retail Building with Office
For Sale
Contact for pricing
207 S Elm St, Keller, TX 76248
Shell retail building with an upstairs area that can be used for office space.
Property Size5,000 SF
Price / SF$360
Days on Market501
Property Features for 207 S Elm St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
SVN | Trinity Advisors
(972) 765-0886
Listed By:
Matt Matthews · License #0667871
(972) 765-0886
Source:
Moodyscre
Added: Mar 17, 2025
Changed: Jul 30
Last Checked: Jul 30 at 5:32AM
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 SVN | Trinity Advisors
Investment Insights
Based on property information with market context.
Shell retail building in the heart of Old Town Keller, delivered as a shell to support tenant customization. The property provides a versatile layout for retail use, and it also offers an option for office space with an upstairs area.
The location supports convenient access to major highways including 114, 121, and 183, making it practical for retail and office-oriented users.
With a total size of 5,000 SF, the building can be configured to fit a variety of retail concepts, while the upstairs office option adds flexibility for businesses needing both customer-facing space and office use.
The location supports convenient access to major highways including 114, 121, and 183, making it practical for retail and office-oriented users.
With a total size of 5,000 SF, the building can be configured to fit a variety of retail concepts, while the upstairs office option adds flexibility for businesses needing both customer-facing space and office use.
Key Highlights
- Shell building delivery for tenant customization
- 5,000 SF retail building
- Upstairs area offers option for office use
Financial Insights For Specialty 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 | $132.0k | $26.40 |
| − Vacancy | −$5.9k | −$1.19 |
| EGI | $126.1k | $25.21 |
| − OpEx | −$31.5k | −$6.30 |
| NOI | $94.5k | $18.91 |
5,000 SF · lease $26.40/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,545 @ 7.0% cap · market cap 5.25%
Second Best
Retail
$1.19M
$1.04M – $1.38M
NOI $82,992 @ 7.0% cap · market cap 4.61%
Theoretical Best
Multifamily LT 5
$69.92M
$61.18M – $81.58M
NOI $4,894,549 @ 7.0% cap · market cap 271.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
155k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 58%
Shops & Services 22%
Dining 17%
Apparel 3%
Sam's Club
Superstores
89,802 visits/mo
0.4 miles
QuikTrip
Shops & Services
29,316 visits/mo
0.2 miles
Starbucks
Dining
10,406 visits/mo
0.4 miles
Spring Creek Barbeque
Dining
8,296 visits/mo
0.1 miles
Mexican Inn
Dining
7,290 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Shell retail building with an upstairs area that can be used for office space.
Where is this retail space located?
The property is located at 207 S Elm St Keller, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Shell building delivery for tenant customization; 5,000 SF retail building; Upstairs area offers option for office use
