Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2204 Kelly Blvd Carrollton, TX

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

    Retail space in neighborhood strip center with high visibility.

    Type:RETAIL
    Property size:
    1,006 SF
    Lot size:
    0.78 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    151
    Last Refresh:
    Apr 5 at 10:42 pm

    Property Features for 2204 Kelly Blvd

    General Information

    Standard status
    Active
    Size
    1,006 SF
    Lot size
    0.78 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2204 Kelly Blvd Contact us

    We can help!

    Listing Contact
    Judy Ratsamy Saldana

    Listing agent Judy Ratsamy Saldana

    Listing office Engvest Group - eXp Commercial

    Listing date Nov 25, 2025

    Source Moodyscre

    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 Engvest Group - eXp Commercial

    Overview

    Retail Space in Carrollton Center

    This retail space is located in a neighborhood strip center with high visibility. The property is located minutes from the George Bush Turnpike. The tenant mix is strong and diverse. The property contains 1,006 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tony C Beer ... (Bike/Boat/Book/etc) Store Gladys Salon & Barbershop Barber Shop Tony Convenience Store Grocery & Convenience Store ATM Atm Express Wok Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Denton
    State
    Texas
    Longitude
    -96.8774
    Latitude
    32.9716

    Nearby Similar for Lease

    • $2,660/Mo

      Carrollton Office Suites For Lease

      Professional office suites in a prime Carrollton location.
      4425 Plano Parkway, Carrollton, TX 75010
      View Details
    • $2,500/Mo

      Move-in-Ready Office Suite in Carrollton

      Turn-key office suite with efficient layout and convenient location.
      4425 Plano Parkway, Carrollton, TX 75010
      View Details
    • $800/Mo

      Professional Office Space Available

      Executive office space in a well-maintained office condominium park.
      4425 Plano Parkway, Carrollton, TX 75010
      View Details
    • $550/Mo

      Private Office Suite in Carrollton

      Remodeled private office suite in a prime Carrollton location.
      1735 Keller Springs Road, Carrollton, TX 75006
      View Details
    • $2,600/Mo

      Carrollton Office Suite For Rent

      Office suite in Mustang Ridge Office Park, move-in ready.
      4425 Plano Parkway, Carrollton, TX 75010
      View Details
    • $3,956/Mo

      Adaptable Space in High-Traffic Area

      3,165 SF space suitable for office, retail, or medical use.
      1445 Mac Arthur Drive, Carrollton, TX 75007
      View Details
    • $250 SF/Yr

      Carrollton Office Space Available

      Class B office condo with private offices and coworking space.
      2840 Keller Springs Road, Carrollton, TX 75006
      View Details
    • $15 SF/Yr

      Refreshed Office Suites Available

      Move-in ready office suites with shared amenities in Carrollton, TX.
      3724 Old Denton Road, Carrollton, TX 75007
      View Details
    • $4,895/Mo

      Office Space in Carrollton Corridor

      Professional office space for lease in a desirable Carrollton location.
      2324 Old Denton Road, Carrollton, TX 75006
      View Details
    • $20 SF/Yr

      Move-in Ready Carrollton Office Space

      Premium office space in a quiet Carrollton location.
      4100 Medical Parkway, Carrollton, TX 75007
      View Details
    • $26 SF/Yr

      Carrollton Retail Space For Lease

      Shell space in high-traffic Carrollton location, ideal for diverse businesses.
      4116 SH 121, Carrollton, TX 75010
      View Details
    • $21 SF/Yr

      Premier Commercial Property in Carrollton

      Modern commercial space with customizable layouts and ample parking.
      4100 Fairway Court, Carrollton, TX 75010
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space in neighborhood strip center with high visibility.
    Where is this strip mall located?
    The property is located at 2204 Kelly Blvd Carrollton, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Great Location; High Visibility; Minutes from the George Bush Turnpike
    (817) 915-2825 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Judy Ratsamy Saldana
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!