Newly Built Retail
For Sale
$4,000,000
325 N Saginaw Boulevard, Saginaw, TX 76179
2024-built retail center with direct corridor visibility and monument signage on a major traffic artery.
Property Size15,777 SF
Days on Market65
Property Features for 325 N Saginaw Boulevard
General Information
Standard status
Active
Size
15,777 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Traffic Count
77,000 vehicles/day
Building Details
Building Size
15,777 SF
Year Built
2023
Units
16
Listing Agency:
McElyea Realty Group
Listed By:
Lori Anne Mcelyea · License #0510343
(817) 676-4505
Source:
Vickiesteam
Added: Jul 7
Changed: Sep 8
Last Checked: Sep 8 at 8:22AM
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 McElyea Realty Group
Investment Insights
Based on property information with market context.
This newly built retail center (2024) is designed for strong retail exposure, with direct visibility from a major retail corridor and monument signage intended to support walk-up and drive-by awareness. The property is positioned to serve retail and service concepts that benefit from clear frontage and an easy-to-find commercial setting.
Located on a major North Fort Worth metroplex retail corridor, the center is described as capturing approximately 77,000 vehicles per day. Public remarks also reference regional consumer flow toward and from downtown Fort Worth, Haslet, and Alliance. The asset sits about 4 miles north of the Fort Worth Stockyards, which is noted as drawing 9M+ visitors annually, and it is cited as approximately one hour to DFW Airport and about ten minutes to Meachum Airport.
For tenants or buyers, the combination of 2024 construction, prominent monument signage, and direct corridor visibility supports concepts such as restaurants, shops, and services seeking a high-exposure location with straightforward regional access. The property’s straightforward retail positioning makes it particularly relevant for operators who want their brand to be seen consistently along a busy commercial route.
Located on a major North Fort Worth metroplex retail corridor, the center is described as capturing approximately 77,000 vehicles per day. Public remarks also reference regional consumer flow toward and from downtown Fort Worth, Haslet, and Alliance. The asset sits about 4 miles north of the Fort Worth Stockyards, which is noted as drawing 9M+ visitors annually, and it is cited as approximately one hour to DFW Airport and about ten minutes to Meachum Airport.
For tenants or buyers, the combination of 2024 construction, prominent monument signage, and direct corridor visibility supports concepts such as restaurants, shops, and services seeking a high-exposure location with straightforward regional access. The property’s straightforward retail positioning makes it particularly relevant for operators who want their brand to be seen consistently along a busy commercial route.
Key Highlights
- Newly built retail center, YearBuilt 2023
- Direct visibility on a major retail corridor
- Monument signage on the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$253,593
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,071,860
$5.1M
Cap Rate 7%
$3,622,757
$3.6M
Cap Rate 9%
$2,817,700
$2.8M
Market Conditions
NOI Build-Up for 15,777 SF
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.
Gross rent
$380.5K $24.12/SF
− Vacancy
−$18.3K −$1.16/SF
EGI
$362.3K $22.96/SF
− OpEx
−$108.7K −$6.89/SF
NOI
$253.6K $16.07/SF
Area
ZIP 76179
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,071,860
Cap Rate 7%
$3,622,757
Cap Rate 9%
$2,817,700
Alternative Uses
Best Use
Retail
$3.62M
$3.17M – $4.23M
NOI $253,593 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$18.83M
$16.48M – $21.97M
NOI $1,318,019 @ 7.0% cap · market cap 32.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
77,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76179, TX
68,333
Population
26,227
Households
2.6
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
51.9 sq mi
ZIP Area
1,317
Density / Sq Mi
$108,428
Median Household Income
$53,878
Median Earnings
$1,840
Median Rent
$299,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - 2024-built retail center with direct corridor visibility and monument signage on a major traffic artery.
Where is this shopping center located?
The property is located at 325 N Saginaw Boulevard Saginaw, TX.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Newly built retail center, YearBuilt 2023; Direct visibility on a major retail corridor; Monument signage on the property
