Storefront with Shared
New
For Sale
$1,678,500
209 Main, Lake Dallas, TX 75065
C-2-zoned space includes central air conditioning and access to common asphalt parking.
Property Size6,714 SF
Days on Market1
Property Features for 209 Main
General Information
Standard status
Active
Size
6,714 SF
Zoning
C-2
Net Operating Income
$112,334
Amenities
Central Air
Central
Additional Parking, Asphalt, Common
Building Details
Building Size
6,714 SF
Year Built
2006
Stories
2
Listed By:
Grady Ray · License #0762480
(915) 204-1207
Source:
Evrealestate
Added: Oct 23
Last Checked: Oct 23 at 5:36PM
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 Grady Ray
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property was built in 2006 and has central air conditioning. The site also includes access to shared asphalt parking.
Zoned C-2, the property is located at 209 Main in Lake Dallas, Texas.
Zoned C-2, the property is located at 209 Main in Lake Dallas, Texas.
Key Highlights
- Built in 2006
- C‑2 zoning
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,442
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,228,840
$2.2M
Cap Rate 7%
$1,592,029
$1.6M
Cap Rate 9%
$1,238,244
$1.2M
Market Conditions
NOI Build-Up for 6,714 SF
Gross rent
$167.6K $24.96/SF
− Vacancy
−$8.4K −$1.25/SF
EGI
$159.2K $23.71/SF
− OpEx
−$47.8K −$7.11/SF
NOI
$111.4K $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 Rate 5%
$2,228,840
Cap Rate 7%
$1,592,029
Cap Rate 9%
$1,238,244
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.86M
NOI $111,442 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$93.89M
$82.16M – $109.54M
NOI $6,572,400 @ 7.0% cap · market cap 391.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 28%
Dollar General
Shops & Services
8,896 visits/mo
0.1 miles
SONIC Drive In
Dining
6,624 visits/mo
0.1 miles
Valero Energy
Shops & Services
5,186 visits/mo
0.1 miles
Allsups
Shops & Services
2,921 visits/mo
0.0 miles
Demographics for 75065, TX
12,770
Population
5,125
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
85%
High-School Grad
8.3 sq mi
ZIP Area
1,539
Density / Sq Mi
$98,284
Median Household Income
$43,673
Median Earnings
$1,659
Median Rent
$302,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Flair Floral Designs — 278 Main St, Lake Dallas, TX 75065
Frequently Asked Questions
What type of property is this?
Storefront property - C-2-zoned space includes central air conditioning and access to common asphalt parking.
Where is this storefront property located?
The property is located at 209 Main Lake Dallas, TX.
What is the asking price?
The asking price for this property is $1,678,500.
What are key features of this property?
This property features: Built in 2006; C‑2 zoning; Central air conditioning
