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    Class A Retail Strip Center Title is generated by Realmo AI

    1402 Teasley Lane, Denton, TX 76205

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    Claim this Listing
    For Lease
    $27 SF/Yr $27,000/Mo (calc)

    COMMERCIAL - Denton, TX

    Type:Retail
    Property size:
    12,000 SF
    Lot size:
    0.68 Acres
    Added:
    Nov 26, 2025
    Days on Market:
    189
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 1402 Teasley Lane

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Property condition
    Under Construction
    Standard status
    Active
    APN
    R33342
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Description
    A0616A S.C. HIRAM, TR 176, .6819 ACRES, OLD D

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2026
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Concrete
    Building materials
    Concrete
    Roof type
    Built-Up

    We can help!

    Listing Contact
    Carl Sellers

    Listing agent Carl Sellers License #0533504

    Listing office Achieve Real Estate Services Denton, TX

    Listing date Nov 26, 2025

    MLS# 21120191

    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

    • Brand new Class A strip center (under construction), built in 2026
    • Retail space availability: 1,000 to 12,000 SF, with space planned for late 2026
    • Prime corner location at the intersection of Dallas Drive and Teasley Lane
    • Dallas Drive traffic: over 25,000 cars/day; Teasley Lane traffic: over 21,000 cars/day
    • Public utilities available: public water and public sewer
    • Central heating and central air; concrete construction with built‑up roof

    Overview

    A Class “A” brand-new retail strip center designed for modern tenant requirements, with retail space available for pre-leasing. Suites range from 1,000 to 12,000 square feet, providing flexibility for a variety of retail concepts. Availability is planned for late 2026, giving prospective tenants time to plan and position their build-out accordingly.

    The center benefits from prominent corner visibility at the intersection of Dallas Drive and Teasley Lane in Denton. Dallas Drive carries over 25,000 cars per day and Teasley Lane carries over 21,000 cars per day, creating strong exposure from multiple approaches. The surrounding trade area includes a population of over 90,000 within a 3-mile radius, with both high-density and single-family housing, plus access to a large, diverse daytime work force.

    With suite sizes spanning from smaller to larger footprints, this property is well-suited for retailers looking to secure a future location in a high-traffic, high-visibility setting. The pre-leasing timeline supports early tenant planning for lease execution and interior build-out ahead of the late-2026 opening.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boydston Foods Inc Butcher

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • San Jacinto Plaza — 2300 San Jacinto Blvd, Denton, TX 76205
    • Woodhill Square — 1100 Dallas Dr, Denton, TX 76205
    • Denton Square — 707 S Interstate 35, Denton, TX 76205
    • Boka Feliz Mexican Kitchen — 2201 S Interstate 35, Denton, TX 76205

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.1239054
    Latitude
    33.1982494

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    FAQs

    What type of property is this?
    Shopping center - Brand-new strip center offering flexible retail sizes at a highly visible corner with strong area demand.
    Where is this shopping center located?
    The property is located at 1402 Teasley Lane Denton, TX.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Brand new Class A strip center (under construction), built in 2026; Retail space availability: 1,000 to 12,000 SF, with space planned for late 2026; Prime corner location at the intersection of Dallas Drive and Teasley Lane
    (214) 608-9492
    We can help!
    Listing Contact
    Carl Sellers
    Real Estate License ID: 0533504
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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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