Retail Storefront
For Sale
Contact for pricing
850 South Allen Heights Drive, Allen, TX 75002
For sale retail storefront totaling 10,000 SF at 850 South Allen Heights Drive in Allen, TX 75002.
Property Size10,000 SF
Price / SF$260
Days on Market56
Property Features for 850 South Allen Heights Drive
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail
Building Details
Year Built
2016
Listing Agency:
Summit Real Estate
(469) 844-8884
Listed By:
Will Schubert · License #730187
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 2 at 6:32AM
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 Summit Real Estate
Investment Insights
Based on property information with market context.
This offering is a retail storefront property marketed for sale with approximately 10,000 SF of total space. The property is positioned for a tenant or owner seeking a dedicated retail configuration suitable for storefront operations.
The building is located at 850 South Allen Heights Drive in Allen, Texas. As presented, no specific frontage, unit breakdown, or tenant-ready improvements are detailed in the available information.
For buyers evaluating retail use, this asset provides a single, defined retail storefront footprint sized for a range of merchandising and service concepts. Prospective tenants and investors should review the space directly to confirm layout fit, condition, and any specific build-out or operational requirements prior to moving forward.
The building is located at 850 South Allen Heights Drive in Allen, Texas. As presented, no specific frontage, unit breakdown, or tenant-ready improvements are detailed in the available information.
For buyers evaluating retail use, this asset provides a single, defined retail storefront footprint sized for a range of merchandising and service concepts. Prospective tenants and investors should review the space directly to confirm layout fit, condition, and any specific build-out or operational requirements prior to moving forward.
Key Highlights
- 10,000 SF retail storefront for sale at 850 South Allen Heights Drive in Allen, TX 75002
- Built in 2016
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 | $241.2k | $24.12 |
| − Vacancy | −$11.3k | −$1.13 |
| EGI | $229.9k | $22.99 |
| − OpEx | −$69.0k | −$6.90 |
| NOI | $160.9k | $16.09 |
10,000 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.68M
NOI $160,905 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.65M
$2.32M – $3.09M
NOI $185,543 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 31%
Dining 26%
Kroger
Groceries
42,951 visits/mo
0.1 miles
McDonald's
Dining
22,771 visits/mo
0.0 miles
Kroger Fuel Center
Shops & Services
13,374 visits/mo
0.1 miles
Shell
Shops & Services
7,165 visits/mo
0.1 miles
Chase Bank
Shops & Services
6,320 visits/mo
0.1 miles
Demographics for 75002, TX
69,939
Population
24,174
Households
2.9
Avg Household Size
38
Median Age
52%
College-Educated
95%
High-School Grad
37.6 sq mi
ZIP Area
1,860
Density / Sq Mi
$129,306
Median Household Income
$61,171
Median Earnings
$1,967
Median Rent
$403,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For sale retail storefront totaling 10,000 SF at 850 South Allen Heights Drive in Allen, TX 75002.
Where is this retail space located?
The property is located at 850 South Allen Heights Drive Allen, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 10,000 SF retail storefront for sale at 850 South Allen Heights Drive in Allen, TX 75002; Built in 2016
