Add Listing
    For Sale
    • 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

    421 Us Highway 377 Argyle, TX 76226

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4,983 SF Restaurant, NNN Lease

    Property size:
    4,983 SF

    Property Features for 421 Us Highway 377

    General Information

    Property type
    Restaurants
    Square Feet
    4,983 SF

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Brad Tyndall
    Brad Tyndall

    Listing Agency: SVN VERUS Commercial Listing Agent: Brad Tyndall

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

    Learn more

    Overview

    This exceptional 4,983-square-foot freestanding restaurant presents a unique investment or owner-user opportunity in the thriving Argyle, Texas market. Built in 2004, this single-story building sits on a 0.67-acre lot boasting excellent visibility and accessibility from US 377 and FM 407. The property features ample indoor space, complemented by an outdoor covered patio area, perfect for expanding operations or creating a welcoming atmosphere. Its strategic location offers approximately 115 feet of frontage on US 377, ensuring high traffic visibility. The property benefits from a cross-parking agreement with an adjacent office building, enhancing customer convenience and parking availability. Furthermore, a multiple-parcel cross-access agreement allows convenient access from FM 407, near a CVS pharmacy. Argyle's strong demographics and limited restaurant options create a high-demand environment for this type of property. This is a second-generation restaurant, ready for immediate occupancy or customization. Contact us for pricing and further details. The property is located at 421 US-377, Argyle, TX 76226, in Denton County. The lease type is NNN (Net, Net, Net).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Argyle
    County
    Denton
    State
    Texas
    Longitude
    -97.1897518
    Latitude
    33.1031446

    Nearby Similar for Sale

    • $799,500
      1,120 SF

      Argyle Horse Property with Arena

      1.5-acre horse property with equestrian facilities and mobile home.
      11995 Hilltop Rd, Argyle, TX 76226
      View Details
    • $4,975,000
      25.00 Acres

      Argyle Commercial Potential on 25 Acres

      25 acres with kennel, home, barn, and commercial potential.
      6275 Fm Rd 1830, Argyle, TX 76226
      View Details
    • $6,999,990
      5,974 SF

      Argyle Horse Property with Upgrades

      20-acre horse property with extensive facilities and remodeled custom home.
      806 Fm 407 E, Argyle, TX 76226
      View Details
    • $2,450,000
      2,014 SF

      Unrestricted Land with Home

      35+ acres with a 2,000+ sqft home in Argyle, TX.
      8123 Hilltop Rd, Argyle, TX 76226
      View Details
    • $2,585,000
      8,028 SF

      Argyle Area Farm/Ranch Opportunity

      11-acre property with multiple homes and commercial workshop.
      6645 Fm 1830, Argyle, TX 76226
      View Details
    • $3,200,000
      4,394 SF

      Argyle Ranch Retreat with Party Barn

      Renovated Argyle ranch on 12.54 acres with modern amenities.
      708 Sam Davis Rd, Argyle, TX 76226
      View Details
    • Contact for pricing
      1,356 SF

      Downtown Argyle Office with Expansion

      Office in downtown Argyle with high visibility and expansion potential.
      102 Dallas St, Argyle, TX 76226
      View Details
    • $2,666,666

      NNN Ground Lease Opportunity

      20-year NNN ground lease within Alliance Texas development.
      14003 Corral City Dr, Argyle, TX 76226
      View Details
    • $3,685,000
      3,433 SF

      Argyle Office Building For Sale

      Office building with 3,433 square feet of space.
      1055 Market Way Rd, Argyle, TX
      View Details
    • Contact for pricing
      4,100 SF

      Harvest Town Center Retail Space

      Argyle, TX Retail Center - 4,100 SF
      0 Nwc - I-35 & F.m. 407, Argyle, TX 76226
      View Details
    • $675,000
      1,302 SF

      Argyle Office Building - High Visibility

      Prime Argyle location, high traffic, office/retail zoned.
      606 Highway 377, Argyle, TX 76226
      View Details
    • $224,900
      0.16 Acres

      Argyle TX Commercial Lot - Build Your Dream

      Cleared Corner Lot, Hwy 377 Access
      114 Denton St, Argyle, TX 76226
      View Details

    FAQs

    What type of property is this?
    Restaurant - 4,983 SF Restaurant, NNN Lease
    Where is this restaurant located?
    The property is located at 421 Us Highway 377 Argyle, TX.
    What are key features of this property?
    This property features: 4,983 SF freestanding restaurant building on a 0.67-acre lot in Argyle, TX.; Built in 2004, with excellent visibility and accessibility from US 377 and FM 407.; Features ample indoor space and an outdoor covered patio.
    (940) 381-2220 Call to check price and availability
    Request Owner's contact information
    421 Us Highway 377 Argyle, TX 76226
    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.
    421 Us Highway 377
    Argyle, TX 76226
    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
    421 Us Highway 377 Argyle, TX 76226
    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 Brad Tyndall
    Brad Tyndall
    Real Estate License ID: 710763
    (940) 381-2220
    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!