100% Occupied Neighborhood Retail
For Sale
Contact for pricing
8841 N Hwy 171, Godley, TX 76044
Modern neighborhood retail center on State Highway 171, built 2014–2022 and fully occupied.
Property Size8,150 SF
Lot Size0.78 Acres
Price / SF$328.83
Days on Market99
Property Features for 8841 N Hwy 171
General Information
Standard status
Active
Size
8,150 SF
Lot size
0.78 Acres
Property subtype
Retail
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$214,142
Additional Details
Highway Access
Yes
Building Details
Year Built
2022
Year Renovated
2022
Buildings
2
Tenancy
Multi
Listing Agency:
Summit RE
Listed By:
Parker Tims · License #793517
(469) 844-8883
Source:
Crexi
Added: Jul 7
Changed: Sep 30
Last Checked: Oct 12 at 7:04PM
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 RE
Investment Insights
Based on property information with market context.
Highway 171 Commons is a 100% occupied neighborhood retail center featuring modern construction completed between 2014 and 2022. The property offers 8,150 square feet of gross leasable area on 0.78 acres, with a retail tenant mix focused on service-oriented and daily-needs businesses. Tenants include State Farm, Glazed and Confused, Godley Nutrition, Tan Dat Wildcat, The Hubb, Grace Boutique, and Rustic Memories.
Located on Godley’s main thoroughfare, the center benefits from visibility and accessibility along State Highway 171, identified as one of Godley’s most heavily traveled retail corridors. The surrounding area includes major master-planned and residential developments such as Godley Ranch, Star Ranch, Hadley Farms, and Fox Hollow. Demographic highlights provided for the area include average household incomes above $122,000 within one mile and 286% population growth since 2020.
Located on Godley’s main thoroughfare, the center benefits from visibility and accessibility along State Highway 171, identified as one of Godley’s most heavily traveled retail corridors. The surrounding area includes major master-planned and residential developments such as Godley Ranch, Star Ranch, Hadley Farms, and Fox Hollow. Demographic highlights provided for the area include average household incomes above $122,000 within one mile and 286% population growth since 2020.
Key Highlights
- Neighborhood retail center built 2014–2022 and 100% occupied
- 8,150 SF gross leasable area on 0.78 acres
- Located on State Highway 171 in Godley’s main retail corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,277
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,705,540
$2.7M
Cap Rate 7%
$1,932,529
$1.9M
Cap Rate 9%
$1,503,078
$1.5M
Market Conditions
NOI Build-Up for 8,150 SF
Gross rent
$203.4K $24.96/SF
− Vacancy
−$10.2K −$1.25/SF
EGI
$193.3K $23.71/SF
− OpEx
−$58.0K −$7.11/SF
NOI
$135.3K $16.60/SF
Area
Johnson 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%
$2,705,540
Cap Rate 7%
$1,932,529
Cap Rate 9%
$1,503,078
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $135,277 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$97.69M
$85.48M – $113.97M
NOI $6,838,384 @ 7.0% cap · market cap 255.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
CEFCO
Shops & Services
11,573 visits/mo
0.1 miles
Shell
Shops & Services
5,504 visits/mo
0.1 miles
SUBWAY
Dining
3,354 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
1,495 visits/mo
0.1 miles
Palio's Pizza Cafe
Dining
198 visits/mo
0.1 miles
Demographics for 76044, TX
5,715
Population
3,127
Households
1.8
Avg Household Size
36
Median Age
26%
College-Educated
95%
High-School Grad
108.3 sq mi
ZIP Area
53
Density / Sq Mi
$103,795
Median Household Income
$56,411
Median Earnings
$1,227
Median Rent
$370,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Modern neighborhood retail center on State Highway 171, built 2014–2022 and fully occupied.
Where is this shopping center located?
The property is located at 8841 N Hwy 171 Godley, TX.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: Neighborhood retail center built 2014–2022 and 100% occupied; 8,150 SF gross leasable area on 0.78 acres; Located on State Highway 171 in Godley’s main retail corridor
