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    Second-Generation Retail/Service Space Title is generated by Realmo AI

    26785 E University Drive, Aubrey, TX 76227

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    For Lease
    $5,376 /Mo

    COMMERCIAL - Aubrey, TX

    Type:Retail
    Lot size:
    0.80 Acres
    Added:
    Oct 27, 2025
    Days on Market:
    221
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 26785 E University Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Assigned
    Standard status
    Active
    APN
    565595
    Lot size
    0.80 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2017
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Vinyl
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Srinivas Chaluvadi

    Listing agent Srinivas Chaluvadi License #0593565

    Listing office Perfect Realty Partners Frisco, TX

    Listing date Oct 27, 2025

    MLS# 21096877

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Second‑generation commercial space on US 380 in the Little Elm area, shadow‑anchored by Dollar General.
    • Former church layout includes a large assembly hall, four small rooms, and two restrooms.
    • Built in 2017 with brick construction and a metal roof.
    • Central heating (natural gas) and central air cooling; fully functional HVAC and electrical system in place.
    • Public utilities: public water and public sewer.
    • NNN lease structure: tenant pays property tax, insurance, and HOA dues (CAM); estimated NNN is $13/SF/year.

    Overview

    Second-generation commercial space currently configured from a former church, offering a large assembly hall plus four smaller rooms and two restrooms. The suite includes fully functional HVAC and an electrical system already in place, with a high-ceiling interior and generous stone and stucco exterior treatment.

    Located on US 380 in the Little Elm area, the property is shadow-anchored by Dollar General and positioned adjacent to Baylor ER for strong day-to-day visibility. Retail and residential growth are also supported by nearby communities within 2 miles, creating a practical setting for professional and service-oriented concepts.

    This layout can work well for medical and wellness uses such as doctors, physical therapists, or chiropractors, as well as alternative service and studio needs including dance studio, fitness center, nail salon, or dry cleaner. Fast food may also be considered, and the space is described as ideal for a variety of businesses. The offering is available for rent on a NNN lease structure, with the tenant responsible for property tax, insurance, and HOA dues/CAM expenses (estimated NNN at $13 per SF per year), and it is also available for sale. Church tenants are welcome.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Aubrey
    County
    Denton
    State
    Texas
    Longitude
    -96.9901
    Latitude
    33.2863

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    FAQs

    What type of property is this?
    Retail space - Turnkey second-generation suite with functional HVAC, a large assembly hall, and multiple rooms near major retail and medical uses.
    Where is this retail space located?
    The property is located at 26785 E University Drive Aubrey, TX.
    What is the lease rate?
    The lease rate is $5,376 /Mo.
    What are key features of this property?
    This property features: Second‑generation commercial space on US 380 in the Little Elm area, shadow‑anchored by Dollar General.; Former church layout includes a large assembly hall, four small rooms, and two restrooms.; Built in 2017 with brick construction and a metal roof.
    (469) 252-1252
    We can help!
    Listing Contact
    Srinivas Chaluvadi
    Real Estate License ID: 0593565
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    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.

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