Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    720 Us-377 Roanoke, TX 76262

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Retail Space, High Visibility

    Lot size:
    27,477 SF

    Property Features for 720 Us-377

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,477 SF

    Spaces For Lease

    at 720 Us-377, Roanoke, TX 76262 Contact us

    We can help!

    Listing Contact
    Thomas Glendenning
    Thomas Glendenning

    Listing Agency: SHOP Companies Dallas Listing Agent: Thomas Glendenning

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

    Learn more

    Overview

    Roanoke Village presents a unique investment opportunity in Denton County. This established retail center, situated at the high-traffic corner of US-377 and Parish Lane, offers exceptional visibility and accessibility. The property encompasses a total of 27,477 square feet, currently featuring one multi-tenant building. A significant portion of the space, approximately 6,000 square feet, is immediately available for lease and is divisible to accommodate various tenant needs. This flexible space is ideal for a variety of retail or restaurant concepts. Beyond the existing building, a highly desirable 0.55-acre pad site is available for sale or build-to-suit, providing an excellent opportunity for a new construction project. The location benefits from its proximity to the heart of Downtown Roanoke, combining the charm of a small town with the amenities of a larger metropolitan area. This property offers a strategic blend of existing space and development potential, making it an attractive option for businesses seeking a prominent location in a thriving community. The site's direct access from US-377 ensures high traffic volume and excellent exposure to a large customer base. This is a rare opportunity to secure a prime retail location in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roanoke
    County
    Denton
    State
    Texas
    Longitude
    -97.2334192
    Latitude
    32.9926129

    Nearby Similar for Lease

    • $2,100 /Mo
      5,310 SF

      Charming Roanoke Property on Oak

      Charming property on Oak Street in Roanoke, suitable for various businesses.
      505 N Oak St, Roanoke, TX 76262
      View Details
    • $1,850 /Mo
      32,060 SF

      Versatile Commercial Space in Roanoke

      1200 SF commercial space in the heart of Roanoke, TX.
      905 N Oak St, Roanoke, TX 76262
      View Details
    • $2,000 /Mo
      6,447 SF

      Roanoke Office/Retail Space Available

      Office or retail spaces for lease in Roanoke, Texas.
      504 N Oak St, Roanoke, TX 76262
      View Details
    • $1,849 /Mo
      53,143 SF

      Roanoke Industrial Flex Space

      Meticulously maintained industrial building in Roanoke Airport area.
      11975 Cleveland Gibbs Rd, Roanoke, TX 76262
      View Details
    • $5,500 /Mo
      7,080 SF

      Roanoke Industrial/Live-Work Space For Lease

      Versatile industrial/live-work space with modern finishes and convenient location.
      11544 Cockelburr Rd, Roanoke, TX 76262
      View Details
    • $25 SF/Yr
      19,646 SF

      Roanoke Office Building For Rent

      3,700 SF office building near Old Town Roanoke.
      208 Highway 377 N, Roanoke, TX 76262
      View Details
    • Contact for pricing

      Office Space Near Downtown

      6,000 SF vacant office space, prime location.
      200-204 E State Highway 114, Roanoke, TX 76262
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Roanoke, TX

      Retail and pad opportunities available in Roanoke, Texas.
      700 N Us Hwy, Roanoke, TX
      View Details
    • Contact for pricing
      7,080 SF

      Industrial Building with Apartment Above

      Free-standing industrial building with apartment and small yard.
      11544 Cockleburr Rd, Roanoke, TX 76262
      View Details
    • Contact for pricing
      2,022 SF

      Retail Space with Highway Access

      Retail space with excellent visibility and easy highway access.
      1711 Hwy S, Roanoke, TX
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space with Drive Thru

      Retail spaces available in new development with highway visibility.
      1355 Us-377, Roanoke, TX
      View Details
    • Contact for pricing
      2,022 SF

      Retail Space on US-377

      2,022 SF retail space with excellent visibility and access.
      1735-1751 N Us Hwy, Roanoke, TX
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, High Visibility
    Where is this restaurant located?
    The property is located at 720 Us-377 Roanoke, TX.
    What are key features of this property?
    This property features: Up to 6,000 square feet of divisible retail space available for lease.; 0.55-acre pad site available for sale or build-to-suit (BTS).;
    (214) 960-4528 Call to check price and availability
    Request Owner's contact information
    720 Us-377 Roanoke, TX 76262
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    720 Us-377
    Roanoke, TX 76262
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    720 Us-377 Roanoke, TX 76262
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Glendenning
    Thomas Glendenning
    Real Estate License ID: CA 01704987
    (214) 960-4528 (214) 205-8217 (214) 960-4545
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!