Prime Commercial Land in
FM 1378 Country Club Rd. at FM 2514 Parker Rd. Wylie, TX 75098
For Sale
Contact for pricing
Strategically located land with high growth potential in Northern Wylie.
Property Size8,258 SF
Price / SF$281.30
Days on Market1854
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 Agency:
Imperium Holdings LP
Listed By:
Stephen Schattner · License #TX 0502217
Source:
Crexi
Added: Jun 27, 2021
Changed: Jul 10
Last Checked: Jul 24 at 4:16PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $142,217 @ 7.0% cap · market cap 6.12%
Second Best
Retail
$1.90M
$1.66M – $2.21M
NOI $132,875 @ 7.0% cap · market cap 5.72%
Theoretical Best
Industrial
$8.21M
$7.18M – $9.57M
NOI $574,396 @ 7.0% cap · market cap 24.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
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.