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FM 1378 Country Club Rd. at FM 2514 Parker Rd., Wylie, TX 75098

Strategically located land with high growth potential in Northern Wylie.

Property Size8,258 SF
Price / SF$329.80
Days on Market1945

Property Features for FM 1378 Country Club Rd. at FM 2514 Parker Rd.

General Information

Standard status Active
Size 8,258 SF
Class A
Property subtype Land, Office, Retail
Zoning PD (retail)

Building Details

Year Built 2027
Buildings 1
Stories 1
Units 6
Listing Agency: Imperium Holdings LP
Listed By: Stephen Schattner · License #TX 0502217
Source: Crexi
Added: Jun 27, 2021 Changed: Oct 14 Last Checked: Oct 23 at 6:18AM

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 Imperium Holdings LP

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Investment Insights

Based on property information with market context.

Located 36 minutes north of downtown Dallas, The Shops of Northern Wylie is positioned at the southwest corner of FM 1378 and FM 2514. Both roads have been widened to a six-lane thoroughfare. The property is situated at the signalized crossroad of two major, regional thoroughfares, bordered by the City of Wylie to the southwest, the Town of Lucas to the northwest, and the Town of Saint Paul to the southeast and northeast. The property will be shadow anchored by a new Tom Thumb grocery store at the northwest corner. The Tom Thumb development will include a 130,000-square-foot shopping center anchored by Tom Thumb and a 25,000-square-foot restaurant village with 15 pad sites and a community park. Construction for the Tom Thumb is expected to begin in the fourth quarter 2025 and wrap up in 2026. The neighboring community of Parker prohibits commercial development, limiting retail competition up to five miles west. High barriers to entry have historically limited commercial development in the area. The Shops of Northern Wylie is a commercial island offering business owners an opportunity to capture consumers within an expansive trade area. Limited to no retail services exist for two miles south, five miles west, three miles east up to the edge of Lake Lavon, and ten miles north. The intersection is surrounded by several thousand existing high-density residential homes to the south, with several thousand more lots planned immediately north and east. A CVS is already constructed and operating. Zoned Planned Development, PD-10, the 8258-square-meter site is suitable for fuel operations and banks, retail and professional services, automotive businesses, and drive-through and sit-down restaurants. All utilities are on site.

Key Highlights

  • Shadow‑anchored by new Tom Thumb grocery store and a 25,000 sq ft restaurant village with 15 pad sites and a community park (construction expected to begin Q4 2025, wrap up in 2026).
  • Located at the signalized intersection of two six‑lane thoroughfares (FM 1378 and FM 2514) in a rapidly growing region.
  • High barriers to entry and limited retail competition.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$142,217
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,844,340 $2.8M
Cap Rate 7%
$2,031,671 $2.0M
Cap Rate 9%
$1,580,189 $1.6M
Market Conditions
NOI Build-Up for 8,258 SF
Gross rent
$199.2K $24.12/SF
− Vacancy
−$9.6K −$1.16/SF
EGI
$189.6K $22.96/SF
− OpEx
−$47.4K −$5.74/SF
NOI
$142.2K $17.22/SF
Area
Collin County, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,844,340
Cap Rate 7%
$2,031,671
Cap Rate 9%
$1,580,189

Alternative Uses

Best Use
Specialty Retail
$2.03M
$1.78M – $2.37M (±1% cap)
NOI $142,217 @ 7.0% cap · market cap 5.22%
Second Best
Retail
$1.90M
$1.66M – $2.21M (±1% cap)
NOI $132,875 @ 7.0% cap · market cap 4.88%
Theoretical Best
Industrial
$8.21M
$7.18M – $9.57M (±1% cap)
NOI $574,396 @ 7.0% cap · market cap 21.09%
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

Commercial land

Suggested Use

Top Pick Restaurant Electrical Service Real Estate Agency (Bike/Boat/Book/etc) Store Spa & Massage Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

62
Businesses Nearby

Demographics for 75098, TX

67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - Strategically located land with high growth potential in Northern Wylie.
Where is this commercial land located?
The property is located at FM 1378 Country Club Rd. at FM 2514 Parker Rd. Wylie, TX.
What is the asking price?
The asking price for this property is $2,723,468.
What are key features of this property?
This property features: Shadow‑anchored by new Tom Thumb grocery store and a 25,000 sq ft restaurant village with 15 pad sites and a community park (construction expected to begin Q4 2025, wrap up in 2026).; Located at the signalized intersection of two six‑lane thoroughfares (FM 1378 and FM 2514) in a rapidly growing region.; High barriers to entry and limited retail competition.
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