Retail Zoned Property For
For Sale
$2,375,000
200 Meadowlands Boulevard, Keller, TX 76248
Retail zoned property with easy access and immediate occupancy.
Property Size8,112 SF
Lot Size0.92 Acres
Price / SF$292.78
Days on Market736
Property Features for 200 Meadowlands Boulevard
General Information
Standard status
Active
Size
8,112 SF
Lot size
0.92 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
2006
Listing Agency:
P. Bradley Enderby
(214) 202-3645
Listed By:
Brad Enderby · License #0337687
(214) 202-3645
Source:
Exitrealty
Added: Aug 7, 2024
Changed: Aug 9
Last Checked: Aug 9 at 8:10PM
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 P. Bradley Enderby
Investment Insights
Based on property information with market context.
This property is zoned for retail use and features an advantageous location with convenient access, situated one block north of Keller Parkway. It comprises two one-story office buildings, currently connected to facilitate the operations of the present owner. The property provides two entrances and exits, complemented by concrete parking space for 46 vehicles, resulting in a parking ratio of 1 space per 176 square feet. Immediate occupancy is available upon closing and funding. The property size is 8112 square feet.
Key Highlights
- Zoned Retail: Ideal for retail business operations.
- Outstanding Location: Enjoy easy access to Keller Parkway.
- Two Buildings Connected: Two one‑story buildings are currently connected.
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
$134,646
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
5.67%
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%
$2,692,920
$2.7M
Cap Rate 7%
$1,923,514
$1.9M
Cap Rate 9%
$1,496,067
$1.5M
Market Conditions
NOI Build-Up for 8,112 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
$202.5K $24.96/SF
− Vacancy
−$10.1K −$1.25/SF
EGI
$192.4K $23.71/SF
− OpEx
−$57.7K −$7.11/SF
NOI
$134.6K $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%
$2,692,920
Cap Rate 7%
$1,923,514
Cap Rate 9%
$1,496,067
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,646 @ 7.0% cap · market cap 5.67%
Second Best
Office B
$1.61M
$1.41M – $1.88M
NOI $112,797 @ 7.0% cap · market cap 4.75%
Theoretical Best
Multifamily LT 5
$113.44M
$99.26M – $132.35M
NOI $7,940,916 @ 7.0% cap · market cap 334.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,051
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?
Retail space - Retail zoned property with easy access and immediate occupancy.
Where is this retail space located?
The property is located at 200 Meadowlands Boulevard Keller, TX.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Zoned Retail: Ideal for retail business operations.; Outstanding Location: Enjoy easy access to Keller Parkway.; Two Buildings Connected: Two one‑story buildings are currently connected.
