Storefront Property with
721 Us-377, Collinsville, TX 76233
For Sale
Contact for pricing
Accessible commercial storefront with customer parking and signage opportunities along Highway 377.
Property Size600 SF
Price / SF$1.58
Days on Market97
Property Features for 721 Us-377
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Amenities
full bathroom
Building Details
Year Built
Listing Agency:
Texas Homes and Land Real Estate, LLC
(903) 870-6956
Listed By:
Jessica Orsburn · License TX #0800882
(903) 487-1929
Source:
Lonestarluxuryrealty
Added: Aug 8
Changed: Nov 8
Last Checked: Nov 12 at 8:40AM
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 Texas Homes and Land Real Estate, LLC
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Investment Insights
Based on property information with market context.
This storefront property includes a full bathroom, customer and employee parking, and a layout that previously accommodated a salon-barber shop. The space may also support retail, office, studio, wellness, boutique, or professional service uses, subject to applicable requirements.
Located at 721 US-377 in Collinsville, the property offers frontage and access along Highway 377, with signage opportunities oriented toward passing traffic. The building was constructed in 1980.
Located at 721 US-377 in Collinsville, the property offers frontage and access along Highway 377, with signage opportunities oriented toward passing traffic. The building was constructed in 1980.
Key Highlights
- Storefront property at 721 US‑377 in Collinsville, TX
- Frontage and access along Highway 377
- Full bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,959
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,180
$199.2K
Cap Rate 7%
$142,271
$142.3K
Cap Rate 9%
$110,656
$110.7K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$15.0K $24.96/SF
− Vacancy
−$749 −$1.25/SF
EGI
$14.2K $23.71/SF
− OpEx
−$4.3K −$7.11/SF
NOI
$10.0K $16.60/SF
Area
Grayson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,180
Cap Rate 7%
$142,271
Cap Rate 9%
$110,656
Alternative Uses
Best Use
Retail
$142.3K
$124.5K – $166.0K
NOI $9,959 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$211.1K
$184.7K – $246.2K
NOI $14,774 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
6,661 visits/mo
0.1 miles
Dollar General
Shops & Services
5,562 visits/mo
0.1 miles
Demographics for 76233, TX
3,719
Population
1,433
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
60.3 sq mi
ZIP Area
62
Density / Sq Mi
$65,701
Median Household Income
$45,186
Median Earnings
$1,070
Median Rent
$228,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Grayson County, TX
Properties on Market for Storefront properties in Grayson County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Accessible commercial storefront with customer parking and signage opportunities along Highway 377.
Where is this storefront property located?
The property is located at 721 Us-377 Collinsville, TX.
What are key features of this property?
This property features: Storefront property at 721 US‑377 in Collinsville, TX; Frontage and access along Highway 377; Full bathroom included
