New Retail Suite in Shell
New
For Sale
$480,000
501 Pine Ridge Drive #300, Aubrey, TX 76227
Newly built commercial suite offers a flexible shell layout near two schools along the established Highway 377 corridor.
Property Size7,500 SF
Price / SF$320
Days on Market3
Property Features for 501 Pine Ridge Drive #300
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
No
Office Units
1
Building Details
Building Size
7,500 SF
Year Built
2024
Stories
1
Units
1
Construction
brick
Tenancy
Multi
Parking Ratio
4.5 per 1,000 SF
Listing Agency:
Perfect Realty Partners
(469) 536-8695
Listed By:
Srinivas Chaluvadi · License #0593565
(469) 536-8695
Source:
Cornerstonehomeandranch
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 5 at 7:38AM
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 Perfect Realty Partners
Investment Insights
Based on property information with market context.
Suite 300 at 501 Pine Ridge Drive is a newly constructed retail space delivered in shell condition within a five-suite building. The suite contains 1,500 SF and features a stone-like brick facade, with Commercial zoning supporting a range of retail and professional service applications. The building was completed in 2024 and is offered for sale, with lease availability also noted.
The property fronts Highway 377 in Aubrey and sits near Aubrey High School and across from Brockett Elementary School. Parking is provided at a ratio of 4.5 spaces per 1,000 SF. The surrounding area includes substantial residential construction, adding nearby housing context to this developing commercial corridor.
The property fronts Highway 377 in Aubrey and sits near Aubrey High School and across from Brockett Elementary School. Parking is provided at a ratio of 4.5 spaces per 1,000 SF. The surrounding area includes substantial residential construction, adding nearby housing context to this developing commercial corridor.
Key Highlights
- 1,500 SF retail suite in shell condition
- New five‑suite building completed in 2024
- Commercial zoning
Financial Insights For 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 | $37.4k | $24.96 |
| − Vacancy | −$1.9k | −$1.25 |
| EGI | $35.6k | $23.71 |
| − OpEx | −$10.7k | −$7.11 |
| NOI | $24.9k | $16.60 |
1,500 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$355.7K
$311.2K – $415.0K
NOI $24,898 @ 7.0% cap · market cap 5.19%
Second Best
Office B
$298.0K
$260.7K – $347.6K
NOI $20,858 @ 7.0% cap · market cap 4.35%
Theoretical Best
Multifamily LT 5
$20.98M
$18.35M – $24.47M
NOI $1,468,365 @ 7.0% cap · market cap 305.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 76227, TX
47,118
Population
20,970
Households
2.2
Avg Household Size
33
Median Age
43%
College-Educated
96%
High-School Grad
78.4 sq mi
ZIP Area
601
Density / Sq Mi
$107,065
Median Household Income
$59,904
Median Earnings
$1,950
Median Rent
$376,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Newly built commercial suite offers a flexible shell layout near two schools along the established Highway 377 corridor.
Where is this retail space located?
The property is located at 501 Pine Ridge Drive #300 Aubrey, TX.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 1,500 SF retail suite in shell condition; New five‑suite building completed in 2024; Commercial zoning
