Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Keller Marketplace Title is generated by Realmo AI

    1521 Keller Pkwy, Keller, TX 76248

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in a neighborhood center with high visibility.

    Type:Retail, Restaurant
    Added:
    Dec 24, 2024
    Days on Market:
    504
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 1521 Keller Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 1521 Keller Pkwy Contact us

    We can help!

    Listing Contact
    Thomas Glendenning

    Listing agent Thomas Glendenning License #OK

    Listing office SHOP Companies Dallas

    Listing date Dec 24, 2024

    Source Crexi

    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 SHOP Companies Dallas

    HighLights

    • Located at a four‑way lighted intersection with easy access.
    • Located on FM 1709, the city's main thoroughfare.
    • Surrounded by affluent, family‑oriented neighborhoods.
    • Located near town hall and Keller High School.
    • Neighborhood retail center.
    • Controlled turn‑in lanes and median breaks.

    Overview

    This retail space is located within the Keller Marketplace neighborhood retail center, positioned at the northwest corner of FM 1709 and Keller-Smithfield Road. The location offers accessibility via a four-way lighted intersection, complete with median breaks and controlled turn-in lanes. Situated in the heart of Keller on FM 1709, the property is surrounded by affluent, family-oriented neighborhoods. Its location is near the town hall and Keller High School.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pure Barre Gym & Fitness Center RockBox Keller Gym & Fitness Center QDOBA Mexican Eats Take-out & Catering Tropical Smoothie Cafe Cafe & Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Keller
    County
    Denton
    State
    Texas
    Longitude
    -97.2179759
    Latitude
    32.9349895

    Nearby Similar for Lease

    • $705/Mo

      Corner Office with Shared Amenities

      Corner office space with shared common areas available for rent.
      620 Stoneglen Drive, Keller, TX 76248
      View Details
    • $21 SF/Yr

      High-End Office Suite in Keller

      Refined office suite with executive-style environment, ready for immediate occupancy.
      8849 Davis Boulevard, Keller, TX 76248
      View Details
    • $1,521/Mo

      Renovated Flexible Commercial Units

      Flexible commercial units perfect for storage, warehousing, workshops, offices.
      2000 Whitley Road, Keller, TX 76248
      View Details
    • $5,315/Mo

      Medical Office Space in Keller

      Professional medical office suite available in Centerview Office Park.
      1141 Keller Parkway, Keller, TX 76248
      View Details
    • $23 SF/Yr

      Centerview Office Park Office Space

      Office suites with private offices, kitchenette, and shared lounge.
      1149 Keller Parkway, Keller, TX 76248
      View Details
    • $20 SF/Yr

      Professional Office Space For Lease

      Office spaces for lease in high-visibility Keller/Southlake area.
      807 Bluebonnet Drive, Keller, TX 76248
      View Details
    • $30 SF/Yr

      Medical Office Space For Lease

      6,000 SF medical office space in expanding market.
      240 Rufe Snow Dr, Keller, TX 76248
      View Details
    • $17 SF/Yr

      Fort Worth Retail Space Available

      8000 sq.ft. retail space ready to occupy in 30 days.
      5970 Park Vista Circle, Fort Worth, TX 76244
      View Details
    • $17 SF/Yr

      Office/Retail Space on Highway 377

      Office/retail space with high visibility and signage on Highway 377.
      310 N. Main Street, Keller, TX 76248
      View Details
    • $19 SF/Yr

      Fort Worth Retail Space Available

      3144 sq ft retail space with office and roll-up door.
      5970 Park Vista Circle, Fort Worth, TX 76244
      View Details
    • $600/Mo

      Executive Suites on S. Main

      Executive suites available for rent in Keller, TX.
      1211 S Main St, Keller, TX 76248
      View Details
    • Contact for pricing

      New Development Suites Available

      New development suites available Q1 2026 for lease.
      150 Bear Creek Pky, Keller, TX 76248
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in a neighborhood center with high visibility.
    Where is this retail space located?
    The property is located at 1521 Keller Pkwy Keller, TX.
    What are key features of this property?
    This property features: Located at a four‑way lighted intersection with easy access.; Located on FM 1709, the city's main thoroughfare.; Surrounded by affluent, family‑oriented neighborhoods.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Glendenning
    Real Estate License ID: OK
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1521 Keller Pkwy, Keller, TX 76248
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!