Highway Frontage Income-Generating
15602 State Highway 160 Blue Ridge, TX 75424
For Sale
$2,320,000
Three shops on 4 acres with highway frontage.
Property Size10,600 SF
Lot Size4.00 Acres
Price / SF$218.87
Days on Market94
Property Features for 15602 State Highway 160
General Information
- Standard status
- Active
- Size
- 10,600 SF
- Lot size
- 4.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2019
Listing Agency:
Sarah Boyd & Co
(940) 202-0028
Listed By:
Jennifer Boyd · License #0650747
(972) 365-3938
Source:
Signaturere
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 26 at 5:59PM
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 Sarah Boyd & Co
Investment Insights
Based on property information with market context.
This property presents an investment opportunity with an instant monthly rental income of $11,100. The site is fenced and gated, encompassing 4 acres with road frontage on Highway 160. It features three separate shops constructed in 2019, 2021, and 2024, each including offices, bathrooms, and warehouse space. Shop 1 measures 2400 square feet and is occupied by one tenant, Shop 2 is 3200 square feet with one tenant, and Shop 3 provides 5000 square feet. There is also shared space with two tenants. The property offers room for an additional shop or more parking with highway road frontage. Located outside city limits, the property is near shopping and restaurants, approximately 10 minutes from Melissa and Anna, 30 minutes from McKinney, and one hour from DFW International Airport. A new survey is available. The property contains 10,600 square feet.
Key Highlights
- Instant monthly rental income of $11,100.
- 4 acres of fenced and gated land with highway road frontage.
- Three separate shops (2400 sqft, 3200 sqft, and 5000 sqft) built in 2019, 2021, and 2024, each with offices, bathrooms, and warehouse space.
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 | $255.7k | $24.12 |
| − Vacancy | −$12.0k | −$1.13 |
| EGI | $243.7k | $22.99 |
| − OpEx | −$73.1k | −$6.90 |
| NOI | $170.6k | $16.09 |
10,600 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$10.53M
$9.22M – $12.29M
NOI $737,297 @ 7.0% cap · market cap 31.78%
Second Best
Retail
$2.44M
$2.13M – $2.84M
NOI $170,559 @ 7.0% cap · market cap 7.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Warehouse - Three shops on 4 acres with highway frontage.
Where is this warehouse located?
The property is located at 15602 State Highway 160 Blue Ridge, TX.
What is the asking price?
The asking price for this property is $2,320,000.
What are key features of this property?
This property features: Instant monthly rental income of $11,100.; 4 acres of fenced and gated land with highway road frontage.; Three separate shops (2400 sqft, 3200 sqft, and 5000 sqft) built in 2019, 2021, and 2024, each with offices, bathrooms, and warehouse space.
