General Retail Mixed-Use
600 E Broad Street Forney, TX 75126
New
600 E Broad Street, Forney, TX, 75126
$589,000
For Sale
$589,000
Two-parcel property includes a vacant 1,508 SF structure and adjacent land, zoned GR General Retail in Forney.
Property Size1,508 SF
Lot Size0.61 Acres
Price / SF$390.58
Days on Market2
Property Features for 600 E Broad Street
General Information
- Standard status
- Active
- Size
- 1,508 SF
- Lot size
- 0.61 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
M&D CRE, LLC
(214) 801-7787
Listed by
Kevin Weable · License #689810
(214) 801-7787
Source
Cornerstonehomeandranch
Added: Jul 20 Updated: Jul 21 at 3:59AM Checked: Jul 21 at 3:59AM
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.
Two-parcel commercial offering in Forney includes a vacant 1,508 SF structure at 604 E Broad St featuring two full bath and connected utilities. The package also includes the adjacent vacant parcel at 600 E Broad St. Together, the parcels total approximately 10.61 acres and can be purchased individually or together.
The property is zoned GR General Retail. While the existing structure may require renovation depending on the purchaser’s intended use, the overall site supports a range of potential applications. Public remarks indicate potential uses may include office, medical office, professional services, service retail, or redevelopment, subject to verification and approval by the City of Forney.
The adjoining parcel provides additional land that may allow for expansion or future development, subject to applicable zoning, permitting, and development requirements.
The property is zoned GR General Retail. While the existing structure may require renovation depending on the purchaser’s intended use, the overall site supports a range of potential applications. Public remarks indicate potential uses may include office, medical office, professional services, service retail, or redevelopment, subject to verification and approval by the City of Forney.
The adjoining parcel provides additional land that may allow for expansion or future development, subject to applicable zoning, permitting, and development requirements.
Key Highlights
- Two‑parcel commercial property near Downtown Forney, offering a vacant 1,508 SF structure at 604 E Broad St.
- Adjacent vacant parcel at 600 E Broad St included for additional land, expansion, or future development.
- Total land area for both parcels is approximately 0.61 acres (may be purchased individually or together).
Local Financial Insights For Office B
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 | $46.3k | $30.72 |
| − Vacancy | −$11.7k | −$7.77 |
| EGI | $34.6k | $22.95 |
| − OpEx | −$8.7k | −$5.74 |
| NOI | $26.0k | $17.21 |
1,508 SF · lease $30.72/SF/yr · vacancy 25.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$359.5K
$314.5K – $419.4K
NOI $25,162 @ 7.0% cap · market cap 4.27%
Theoretical Best
Multifamily LT 5
$18.98M
$16.61M – $22.14M
NOI $1,328,520 @ 7.0% cap · market cap 225.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-parcel property includes a vacant 1,508 SF structure and adjacent land, zoned GR General Retail in Forney.
Where is this retail space located?
The property is located at 600 E Broad Street Forney, 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: Two‑parcel commercial property near Downtown Forney, offering a vacant 1,508 SF structure at 604 E Broad St.; Adjacent vacant parcel at 600 E Broad St included for additional land, expansion, or future development.; Total land area for both parcels is approximately 0.61 acres (may be purchased individually or together).
