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    138 Leopard Rd Rhome, TX 76078

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    For Lease
    Contact for pricing

    15,000 SF Flex Space in Rhome, TX

    Lot size:
    150,000 SF

    Property Features for 138 Leopard Rd

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    150,000 SF
    Class
    A
    Total Rate
    121875

    Building Details

    Year Built
    2022
    Buildings
    4
    Stories
    1

    Spaces For Lease

    at 138 Leopard Rd, Rhome, TX 76078 Contact us
    Unit Building #400

    $9 /Mo

    Size
    15,000 SF
    Contact us

    We can help!

    Listing Contact
    Sarah Lancarte
    Sarah Lancarte

    Listing Agency: LanCarte Commercial Listing Agent: Sarah Lancarte

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Class A flex space, totaling 150,000 square feet across four single-story buildings, is ideally situated in Rhome, Texas, at 138 Leopard Rd, near SH 114 and Tiger Drive. Built in 2022, the property offers a minimum divisible space of 15,000 square feet, with a maximum contiguous space of 15,000 square feet currently available. The high ceilings boast a 20-foot clearance, rising to 26 feet in the center. The property features 3-phase 480-volt power. This location provides unparalleled access to major transportation arteries, including Highways 114, 35W, and 287, placing businesses within a short 20-minute commute of Alliance Texas, a thriving 18,000-acre development. Alliance Texas is a dynamic hub, encompassing over 850,000 square feet of retail space, 2,000,000 square feet of Class A office space, and more than 10,000 single-family homes, reflecting the area's robust commercial and residential growth within the DFW Metroplex. This property presents a unique opportunity to establish a presence in one of the fastest-growing markets in the region. The property is zoned for multiple tenants. There are no loading docks or dock-high doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Rhome
    County
    Wise
    State
    Texas
    Longitude
    -97.426482329457
    Latitude
    33.037021721588

    Nearby Similar for Lease

    • Contact for pricing
      1,200 SF

      Office Space For Rent

      Office space available for lease in Rhome, Texas.
      5796 Highway 114 E, Rhome, TX 76078
      View Details

    FAQs

    What type of property is this?
    Flex space - 15,000 SF Flex Space in Rhome, TX
    Where is this flex space located?
    The property is located at 138 Leopard Rd Rhome, TX.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 10,000 - 35,000 SF of contiguous space available; Two 50,000 SF buildings available; Two 25,000 SF buildings available
    (817) 228-4247 Call to check price and availability
    Request Owner's contact information
    138 Leopard Rd Rhome, TX 76078
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    Rhome, TX 76078
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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.

    More about this property
    138 Leopard Rd Rhome, TX 76078
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sarah Lancarte
    Sarah Lancarte
    Real Estate License ID: 601090
    (817) 228-4247 (817) 409-4040
    Learn more
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