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    2041 Rufe Snow Dr Keller, TX 76248

    Sponsored
    For Lease
    Contact for pricing

    Newly renovated restaurant space, prime location.

    Lot size:
    1,875 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    This exceptional 1,875 square foot retail space, located at 2041 Rufe Snow Dr, Keller, TX 76248, presents a unique opportunity for a discerning business owner. Situated in a vibrant shopping center anchored by a high-performing Kroger Signature store, this property boasts a highly desirable location in the Keller, Southlake, North Richland Hills submarket cluster of Tarrant County. The space is ideally suited for a restaurant or similar retail use, having recently undergone a complete renovation. Key improvements include a brand-new grease trap and vent hood, making it move-in ready for immediate occupancy. The property is easily accessible from the intersection of Rufe Snow Drive and North Tarrant Parkway, ensuring high visibility and convenient access for customers. With one available suite, this is a rare chance to establish a thriving business in a thriving community. The multiple tenancy nature of the building offers a diverse and complementary retail environment. This property offers a strong foundation for success in a highly sought-after area. Don't miss this chance to secure a prime retail space in a bustling shopping center.

    Property Features for 2041 Rufe Snow Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,875 SF

    Unit(s) available at that property

    Space
    101
    Size
    1,875 SF

    We can help!

    Listing Contact
    Chris Muncy
    Chris Muncy

    Learn more

    Property Insight Report

    HighLights

    • 1,875 SF retail space at 2041 Rufe Snow Dr, Keller, TX 76248.
    • Located in a vibrant shopping center anchored by a Kroger Signature store in the Keller/Southlake/North Richland Hills submarket.
    • Recently renovated with a new grease trap and vent hood, ideal for restaurant use.
    • High visibility and convenient access from Rufe Snow Dr and North Tarrant Parkway.
    • One available suite in a multi‑tenant building.
    Property Profile Location Intelligence

    Current Use by Public Records

    HearUSA Hearing Aid Store Easy Street Recumbents ... Bicycle Shop Sherwin-Williams Paint Store Paint Store Subway Fast Food Restaurant Simply Thai Thai Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Keller
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2370096
    Latitude
    32.8981463

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    FAQs

    What type of property is this?
    Restaurant - Newly renovated restaurant space, prime location.
    Where is this restaurant located?
    The property is located at 2041 Rufe Snow Dr Keller, TX.
    What are key features of this property?
    This property features: 1,875 SF retail space at 2041 Rufe Snow Dr, Keller, TX 76248.; Located in a vibrant shopping center anchored by a Kroger Signature store in the Keller/Southlake/North Richland Hills submarket.; Recently renovated with a new grease trap and vent hood, ideal for restaurant use.
    Request Owner's contact information
    2041 Rufe Snow Dr Keller, TX 76248
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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
    2041 Rufe Snow Dr Keller, TX 76248
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    We can help!
    Listing Contact
    Chris Muncy
    Chris Muncy
    Real Estate License ID: TX
    Learn more
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