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    Fully Occupied Retail Center Forney Title is generated by Realmo AI

    51 FM 548, Forney, TX 75126

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    For Sale
    $6,676,000

    Multi-tenant retail center in Forney, Texas, 100% occupied.

    Type:Shopping Strip
    Property size:
    12,598 SF
    Lot size:
    1.60 Acres
    Price / SF:
    $529/SF
    Added:
    Apr 3, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 5:32 am

    Property Features for 51 FM 548

    General Information

    Standard status
    Active
    Size
    12,598 SF
    Lot size
    1.60 Acres
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    2017

    We can help!

    Listing Contact
    Chris Gainey
    Chris Gainey

    Listing agent Chris Gainey License #TX: 612970

    Listing office Fort Worth Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Fort Worth Office

    HighLights

    • 100% Occupancy: Provides immediate and stable income stream
    • High‑Growth Location: Situated in the rapidly expanding Dallas suburb of Forney, Texas
    • Strong Tenant Mix: Features a blend of national, regional, and local retailers
    • Triple‑Net Leases: Minimizes landlord responsibilities and maximizes income
    • High Traffic Counts: Located at a busy intersection with over 35,780 vehicles per day
    • Income Growth Potential: Majority of leases include scheduled rent increases

    Overview

    Shoppes at Forney Crossing is a fully occupied, 12,598-square-foot multi-tenant retail center in Forney, Texas. Constructed in 2017, the building is positioned on a 1.6-acre parcel with concrete parking. The tenant mix includes national, regional, and local retailers such as Smile Workshop, Citrus Nail Bar, Mariya's Thai Restaurant, Stop-N-Go Gyros, and Palio's Pizza. All leases are triple-net, and most include scheduled rent increases. The property is located at the intersection of FM 548 and East Broad Street, where traffic counts exceed 35,780 vehicles per day. Neighboring retailers include CVS Pharmacy, McDonald's, RaceTrac, Cane's, and Chipotle. To the north along Highway 80 is a trade area featuring retailers such as Kroger Marketplace, Kohl's, Walmart, Pet Supplies Plus, Aspen Dental, Applebee's, Care Now, O'Reilly Auto Parts, NTB, Chick-fil-A, Chili's, CAVA and Starbucks. Several new developments along Highway 80 include the H-E-B grocery site and the Village at Gateway shopping center. Construction is underway for a new Texas Health Resources Hospital, a full-service acute care facility expected to be completed in 2027. The average household income within one mile of the property is $103,874; $108,615 within three miles; and $104,851 within five miles.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Shoppes at Forney Crossing — 1010 Farm to Market 548, Forney, TX 75126

    Location Insight

    • Map
    • Local Demand
    City
    Forney
    County
    Kaufman
    State
    Texas
    Longitude
    -96.4694892
    Latitude
    32.754442

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    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail center in Forney, Texas, 100% occupied.
    Where is this shopping center located?
    The property is located at 51 FM 548 Forney, TX.
    What is the asking price?
    The asking price for this property is $6,676,000.
    What are key features of this property?
    This property features: 100% Occupancy: Provides immediate and stable income stream; High‑Growth Location: Situated in the rapidly expanding Dallas suburb of Forney, Texas; Strong Tenant Mix: Features a blend of national, regional, and local retailers
    (817) 932-6122
    We can help!
    Listing Contact
    Chris Gainey
    Chris Gainey
    Real Estate License ID: TX: 612970
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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