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    Prime Commercial Land in Wylie Title is generated by Realmo AI

    FM 1378 Country Club Rd. at FM 2514 Parker Rd., Wylie, TX 75098

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    Strategically located land with high growth potential in Northern Wylie.

    Type:Land, Office, Retail
    Property size:
    8,258 SF
    Price / SF:
    $281/SF
    Added:
    Jun 27, 2021
    Days on Market:
    1809
    Last Refresh:
    May 19 at 9:13 pm

    Property Features for FM 1378 Country Club Rd. at FM 2514 Parker Rd.

    General Information

    Standard status
    Active
    Size
    8,258 SF
    Property subtype
    Land, Office, Retail

    Building Details

    Year Built
    2027

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    Listing Contact
    Stephen Schattner

    Listing agent Stephen Schattner License #TX 0502217

    Listing office Imperium Holdings LP

    Listing date Jun 27, 2021

    Source Crexi

    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 Imperium Holdings LP

    HighLights

    • Shadow‑anchored by new Tom Thumb grocery store and a 25,000 sq ft restaurant village with 15 pad sites and a community park (construction expected to begin Q4 2025, wrap up in 2026).
    • Located at the signalized intersection of two six‑lane thoroughfares (FM 1378 and FM 2514) in a rapidly growing region.
    • High barriers to entry and limited retail competition.
    • Zoned Planned Development (PD‑10) for a variety of uses.
    • Surrounded by existing and planned high‑density residential developments.
    • All utilities are on site.

    Overview

    Located 36 minutes north of downtown Dallas, The Shops of Northern Wylie is positioned at the southwest corner of FM 1378 and FM 2514. Both roads have been widened to a six-lane thoroughfare. The property is situated at the signalized crossroad of two major, regional thoroughfares, bordered by the City of Wylie to the southwest, the Town of Lucas to the northwest, and the Town of Saint Paul to the southeast and northeast. The property will be shadow anchored by a new Tom Thumb grocery store at the northwest corner. The Tom Thumb development will include a 130,000-square-foot shopping center anchored by Tom Thumb and a 25,000-square-foot restaurant village with 15 pad sites and a community park. Construction for the Tom Thumb is expected to begin in the fourth quarter 2025 and wrap up in 2026. The neighboring community of Parker prohibits commercial development, limiting retail competition up to five miles west. High barriers to entry have historically limited commercial development in the area. The Shops of Northern Wylie is a commercial island offering business owners an opportunity to capture consumers within an expansive trade area. Limited to no retail services exist for two miles south, five miles west, three miles east up to the edge of Lake Lavon, and ten miles north. The intersection is surrounded by several thousand existing high-density residential homes to the south, with several thousand more lots planned immediately north and east. A CVS is already constructed and operating. Zoned Planned Development, PD-10, the 8258-square-meter site is suitable for fuel operations and banks, retail and professional services, automotive businesses, and drive-through and sit-down restaurants. All utilities are on site.

    Local Financial Insights For Specialty 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 $199.2k $24.12
    − Vacancy −$9.6k −$1.16
    EGI $189.6k $22.96
    − OpEx −$47.4k −$5.74
    NOI $142.2k $17.22
    8,258 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.03M
    $1.78M – $2.37M (±1% cap)
    NOI $142,217 @ 7.0% cap · market cap 6.12%
    Second Best
    Retail
    $1.90M
    $1.66M – $2.21M (±1% cap)
    NOI $132,875 @ 7.0% cap · market cap 5.72%
    Theoretical Best
    Industrial
    $8.21M
    $7.18M – $9.57M (±1% cap)
    NOI $574,396 @ 7.0% cap · market cap 24.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Gym & Fitness Center Skin Care Clinic Grocery & Convenience Store Storage Facility Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Wylie
    County
    Collin
    State
    Texas
    Longitude
    -96.5490297
    Latitude
    33.049017

    FAQs

    What type of property is this?
    Commercial land - Strategically located land with high growth potential in Northern Wylie.
    Where is this commercial land located?
    The property is located at FM 1378 Country Club Rd. at FM 2514 Parker Rd. Wylie, TX.
    What is the asking price?
    The asking price for this property is $2,322,958.
    What are key features of this property?
    This property features: Shadow‑anchored by new Tom Thumb grocery store and a 25,000 sq ft restaurant village with 15 pad sites and a community park (construction expected to begin Q4 2025, wrap up in 2026).; Located at the signalized intersection of two six‑lane thoroughfares (FM 1378 and FM 2514) in a rapidly growing region.; High barriers to entry and limited retail competition.
    More about this property
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