FM 1378 Country Club Rd. at FM 2514 Parker Rd., Wylie, TX 75098
Strategically located land with high growth potential in Northern Wylie.
- 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
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wylie
- County
- Collin
- State
- Texas
- Longitude
- -96.5490297
- Latitude
- 33.049017