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    3317 State Highway 114 Southlake, TX 76092

    For Sale
    Contact for pricing

    Prime Southlake restaurant space, high traffic area.

    Property size:
    5,147 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 5,147-square-foot freestanding restaurant building is situated on a 1.55-acre lot in desirable Southlake, Texas, and is available for lease starting July 1, 2024. The property boasts 59 parking spaces, with the possibility of a cross-parking agreement. Its convenient location near Southlake Town Square and the Grapevine border offers excellent visibility and accessibility. The building benefits from its proximity to major medical facilities, including Baylor Regional Medical Center of Grapevine, and its close distance to Dallas/Fort Worth International Airport (only 4 miles away). The surrounding area is anchored by a strong concentration of national retailers, such as Walmart, Sam's Club, Target, Kohl's, Tom Thumb, Lowe's, and CVS Pharmacy, ensuring high foot traffic and a robust customer base. A significant advantage is the exceptionally low negotiated electricity rate of $0.04012 cents/kWh, which will be assigned to the tenant, representing a savings of over 50% per month compared to the current market rate of $0.084. This presents a unique opportunity for cost-effective operation. The address is 3317 E State Hwy 114, Southlake, TX 76092. Please note: Do not disturb the current tenant. Contact for pricing and further information.

    Property Features for 3317 State Highway 114

    General Information

    Property type
    Restaurants
    Square Feet
    5,147 SF

    HighLights

    • 5,147 SF freestanding, second‑generation restaurant on a 1.55‑acre lot, available July 1, 2024.
    • 59 parking spaces with potential for cross‑parking.
    • Do Not Disturb Tenant.
    • Southlake location near Southlake Town Square and the Grapevine border.
    • Across from Baylor Regional Medical Center of Grapevine, 4 miles from DFW Airport.
    • Strong retail synergy with nearby Walmart, Sam's Club, Target, Kohl's, and more.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Southlake
    County
    Tarrant
    State
    Texas
    Longitude
    -97.099587051426
    Latitude
    32.936679861919

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    FAQs

    What type of property is this?
    Restaurant - Prime Southlake restaurant space, high traffic area.
    Where is this restaurant located?
    The property is located at 3317 State Highway 114 Southlake, TX.
    What are key features of this property?
    This property features: 5,147 SF freestanding, second-generation restaurant on a 1.55-acre lot, available July 1, 2024.; 59 parking spaces with potential for cross-parking.; Do Not Disturb Tenant.
    Request Owner's contact information
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    Southlake, TX 76092
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    Realmo Value Estimation

    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.

    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.

    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
    3317 State Highway 114 Southlake, TX 76092
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