Retail Property with Ample
For Sale
$2,375,000
200 Meadowlands Boulevard, Keller, TX 76248
Retail-zoned property with parking for 46 automobiles, immediate occupancy.
Property Size8,112 SF
Price / SF$292.78
Days on Market103
Property Features for 200 Meadowlands Boulevard
General Information
Standard status
Active
Size
8,112 SF
Property subtype
Commercial
Building Details
Year Built
2006
Listing Agency:
P. Bradley Enderby
(214) 202-3645
Listed By:
Brad Enderby · License #0337687
(214) 202-3645
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 25 at 2:22PM
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 retail-zoned property offers immediate occupancy upon closing and funding. It features two entrances and exits, along with concrete parking space for 46 automobiles, which provides a ratio of 1 car park for 176 square feet. Lease-to-own possibilities are available for a two-building lease encompassing 8,112 rentable square feet.
Key Highlights
- Zoned Retail
- Lease to Own Possibilities (for two building 8,112 RSF Lease)
- Immediate Occupancy
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 | $202.5k | $24.96 |
| − Vacancy | −$10.1k | −$1.25 |
| EGI | $192.4k | $23.71 |
| − OpEx | −$57.7k | −$7.11 |
| NOI | $134.6k | $16.60 |
8,112 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,646 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
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
244k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 20%
Groceries 15%
Electronics 1%
Kroger
Groceries
35,792 visits/mo
0.4 miles
Chick-fil-A
Dining
34,538 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
23,904 visits/mo
0.3 miles
RaceTrac
Shops & Services
22,949 visits/mo
0.1 miles
McDonald's
Dining
18,564 visits/mo
0.4 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
Properties on Market for Retail properties & Spaces in Keller
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Retail-zoned property with parking for 46 automobiles, immediate occupancy.
Where is this retail property 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; Lease to Own Possibilities (for two building 8,112 RSF Lease); Immediate Occupancy
