Shell Retail and Office
501 Pine Ridge Drive Aubrey, TX 76227
501 Pine Ridge Drive, Aubrey, TX, 76227
$480,000
For Sale
$480,000
SINGLE_FAMILY - Aubrey, TX
Property Size1,500 SF
Lot Size0.77 Acres
Price / SF$320
Days on Market259
Property Features for 501 Pine Ridge Drive
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- R661726
- Lot size
- 0.77 Acres
Taxes and HOA fees
- Tax Description
- PINE RIDGE ADDITION PHASE II BLK A LOT 4
- Tax Annual Amount
- 22031
Utilities
- Sewer type
- Public Sewer
- Heating system
- Space Heater
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Brick, Frame
- Roof type
- Composition
Listing Agency
Perfect Realty Partners
(469) 252-1261
Frisco, TX
Listed by
Srinivas Chaluvadi · License #0593565
(469) 252-1252
Added: Nov 2, 2025 Checked: Jul 18 at 1:06 am
MLS# 21102132
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.
Investment Insights
Based on property information with market context.
A brand-new building on Hwy 377 offers five conveniently sized, functional suites, each delivered in shell condition. The exterior features a beautiful facade with stone-like brick, and the site provides adequate parking at approximately 4.5 spaces per 1,000 SF.
The property is located in Aubrey and benefits from a strong retail and service setting along a busy growth corridor. It sits just steps from Aubrey High School and directly across from Brockett Elementary School, supporting everyday customer traffic. The building is also available for lease, providing flexibility for tenants and operators evaluating timing and terms.
With shell condition and a flexible mix of potential uses, the suites are well suited for a variety of retail and professional concepts. That includes fast food, bakery, dental, sports medicine, physiotherapy, beauty and barbershop services, as well as professional or physician office use. For prospective tenants, this configuration supports straightforward build-out planning to match a specific brand and service model.
The property is located in Aubrey and benefits from a strong retail and service setting along a busy growth corridor. It sits just steps from Aubrey High School and directly across from Brockett Elementary School, supporting everyday customer traffic. The building is also available for lease, providing flexibility for tenants and operators evaluating timing and terms.
With shell condition and a flexible mix of potential uses, the suites are well suited for a variety of retail and professional concepts. That includes fast food, bakery, dental, sports medicine, physiotherapy, beauty and barbershop services, as well as professional or physician office use. For prospective tenants, this configuration supports straightforward build-out planning to match a specific brand and service model.
Key Highlights
- Brand‑new building (2024) on busy Hwy 377 in Aubrey, TX
- One of five suites, each 1,500 SF, available in shell condition
- Public utilities: public water and public sewer
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Brand-new building with multiple shell suites and ample parking, positioned for a range of neighborhood-serving businesses.
Where is this retail space located?
The property is located at 501 Pine Ridge Drive 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: Brand‑new building (2024) on busy Hwy 377 in Aubrey, TX; One of five suites, each 1,500 SF, available in shell condition; Public utilities: public water and public sewer
