Four-Unit Retail Strip
303 Alamo Avenue, Lake Dallas, TX 75065
For Sale
New
$738,750
Fully leased retail space combines four tenant suites under gross leases.
Property Size2,955 SF
Days on Market6
Property Features for 303 Alamo Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
UCRE-TX Real Estate Assc. LLC
Listed By:
Grady Ray · License #0762480
(915) 204-1207
Source:
Soldbywes
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 12:46PM
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 UCRE-TX Real Estate Assc. LLC
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Investment Insights
Based on property information with market context.
The 2,955-square-foot retail strip center at 303 Alamo Ave in Lake Dallas contains four occupied suites, labeled A through D. Its tenant mix includes personal services, full-service dining, specialty retail, and quick-service food businesses. Each suite is leased on a gross basis, with the landlord responsible for property expenses.
Suites A and B have scheduled rent increases in their leases, while Suites C and D provide flat-rate rent. The property is in Denton County, Texas.
Suites A and B have scheduled rent increases in their leases, while Suites C and D provide flat-rate rent. The property is in Denton County, Texas.
Key Highlights
- 2,955‑square‑foot retail strip center with four occupied suites
- Tenant mix spans personal services, dining, specialty retail, and quick‑service food
- Gross leases place property expenses with the landlord
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,048
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,960
$981.0K
Cap Rate 7%
$700,686
$700.7K
Cap Rate 9%
$544,978
$545.0K
Market Conditions
NOI Build-Up for 2,955 SF
Gross rent
$73.8K $24.96/SF
− Vacancy
−$3.7K −$1.25/SF
EGI
$70.1K $23.71/SF
− OpEx
−$21.0K −$7.11/SF
NOI
$49.0K $16.60/SF
Area
Denton County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,960
Cap Rate 7%
$700,686
Cap Rate 9%
$544,978
Alternative Uses
Best Use
Retail
$700.7K
$613.1K – $817.5K
NOI $49,048 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$909.6K – $1.21M
NOI $72,764 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 28%
Dollar General
Shops & Services
8,896 visits/mo
0.3 miles
SONIC Drive In
Dining
6,624 visits/mo
0.2 miles
Valero Energy
Shops & Services
5,186 visits/mo
0.2 miles
Allsups
Shops & Services
2,921 visits/mo
0.2 miles
Demographics for 75065, TX
12,770
Population
5,125
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
85%
High-School Grad
8.3 sq mi
ZIP Area
1,539
Density / Sq Mi
$98,284
Median Household Income
$43,673
Median Earnings
$1,659
Median Rent
$302,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased retail space combines four tenant suites under gross leases.
Where is this strip mall located?
The property is located at 303 Alamo Avenue Lake Dallas, TX.
What is the asking price?
The asking price for this property is $738,750.
What are key features of this property?
This property features: 2,955‑square‑foot retail strip center with four occupied suites; Tenant mix spans personal services, dining, specialty retail, and quick‑service food; Gross leases place property expenses with the landlord
