Freestanding Storefront Retail
New
For Sale
$589,000
408 W Moore Avenue, Terrell, TX 75160
Corner commercial building with dual-street access, surface parking, storefront glazing, and a rear service area.
Property Size2,500 SF
Lot Size0.23 Acres
Price / SF$235.60
Days on Market2
Property Features for 408 W Moore Avenue
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.23 Acres
Property subtype
Retail
Zoning
C
Site & Location
Frontage
77 ft
Corner Location
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
large storefront windows
multiple exterior entrances
rear service area with an overhead rolling door
yard area
detached storage structure
Building Details
Year Built
1963
Buildings
2
Listing Agency:
M&D CRE, LLC
(972) 772-6025
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 6:39AM
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 M&D CRE, LLC
Investment Insights
Based on property information with market context.
This freestanding commercial building contains approximately 2,500 SF on about 0.229 acres. The layout includes large storefront windows, several exterior entrances, a rear service area with an overhead rolling door, a yard area, and a detached storage structure. Electricity and water are connected, and onsite surface parking serves the property. Built in 1963, the building is configured for a range of commercial applications.
The property occupies the corner of W. Moore Avenue, also identified as US 80, and N. Hattie Street in Terrell. It provides approximately 77 feet of frontage and access from both streets. C—Commercial zoning is in place. The existing arrangement may accommodate continued service-commercial use or other retail, office, or owner-user concepts, subject to applicable approvals and buyer verification.
The property occupies the corner of W. Moore Avenue, also identified as US 80, and N. Hattie Street in Terrell. It provides approximately 77 feet of frontage and access from both streets. C—Commercial zoning is in place. The existing arrangement may accommodate continued service-commercial use or other retail, office, or owner-user concepts, subject to applicable approvals and buyer verification.
Key Highlights
- Approximately 2,500 SF freestanding commercial building
- About 0.229 acres with approximately 77' of frontage
- Corner location at W. Moore Avenue, also known as US 80, and N. Hattie Street
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
$41,714
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
7.08%
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%
$834,280
$834.3K
Cap Rate 7%
$595,914
$595.9K
Cap Rate 9%
$463,489
$463.5K
Market Conditions
NOI Build-Up for 2,500 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
$62.4K $24.96/SF
− Vacancy
−$2.8K −$1.12/SF
EGI
$59.6K $23.84/SF
− OpEx
−$17.9K −$7.15/SF
NOI
$41.7K $16.69/SF
Area
Kaufman County, TX
Vacancy
4.50%
Lease Rate
$24.96 /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%
$834,280
Cap Rate 7%
$595,914
Cap Rate 9%
$463,489
Alternative Uses
Best Use
Retail
$595.9K
$521.4K – $695.2K
NOI $41,714 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$31.46M
$27.53M – $36.71M
NOI $2,202,454 @ 7.0% cap · market cap 373.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
75k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 24%
Home Improvements & Furnishings 2%
Electronics 1%
Braum's Ice Cream & Dairy Stores
Dining
21,311 visits/mo
0.2 miles
Taco Bell
Dining
12,021 visits/mo
0.3 miles
SONIC Drive In
Dining
9,047 visits/mo
0.1 miles
Shipley Do-Nuts
Dining
6,642 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,095 visits/mo
0.2 miles
Demographics for 75160, TX
26,632
Population
8,895
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
82%
High-School Grad
118.2 sq mi
ZIP Area
225
Density / Sq Mi
$70,862
Median Household Income
$38,493
Median Earnings
$1,177
Median Rent
$221,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Flowerfields Florist — 404 W Nash St, Terrell, TX 75160
Frequently Asked Questions
What type of property is this?
Storefront property - Corner commercial building with dual-street access, surface parking, storefront glazing, and a rear service area.
Where is this storefront property located?
The property is located at 408 W Moore Avenue Terrell, TX.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Approximately 2,500 SF freestanding commercial building; About 0.229 acres with approximately 77' of frontage; Corner location at W. Moore Avenue, also known as US 80, and N. Hattie Street
