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    709 Fm 1187 Aledo, TX 76008

    Sponsored
    For Lease
    $28 SF/Yr

    Two retail spaces available, high-growth area.

    Lot size:
    3,613 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located in the Aledo Business Center, ideally situated adjacent to the expansive 1,825-acre Dean Ranch Mixed-Use development, known as the "Gateway to the West" and "Eastern Gateway to Aledo." Two spaces are immediately available, ranging from 1,730 to 1,883 square feet, perfect for a variety of uses including retail, restaurants, dental offices, or medical practices. The property boasts a highly visible monument sign facing FM 1187, ensuring maximum exposure to the significant traffic flow. This area demonstrates compelling demographics, with average household incomes exceeding $156,400 and remarkable population growth exceeding 176% within a three-mile radius. The location benefits from its proximity to Aledo High School, which currently serves over 1,400 students, part of the Aledo Independent School District (AISD) with over 7,400 students and projected growth to over 12,300 by 2026. Furthermore, the area anticipates over 9,500 new housing occupancies within the Aledo ISD by 2031, promising a consistently expanding customer base. This presents a unique investment opportunity in a rapidly growing and affluent community. The property is suitable for multiple tenants.

    Property Features for 709 Fm 1187

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,613 SF

    Unit(s) available at that property

    Space
    Suite 600
    Size
    1,883 SF
    Rate per SF
    $28
    Space
    Suite 400
    Size
    1,730 SF
    Rate per SF
    $28

    HighLights

    • Retail spaces available, 1,730 - 1,883 sq. ft.
    • Adjacent to the 1,825‑acre Dean Ranch mixed‑use development.
    • Strong demographics: Average household income over $156,400 and 176%+ population growth within 3 miles.
    • High visibility monument sign on FM 1187.
    • Close proximity to Aledo High School (1,400+ students) and a rapidly growing school district.
    • 9,500+ new housing units projected in Aledo ISD by 2031.
    Property Profile Location Intelligence

    Current Use by Public Records

    Texas Boring and Excavation, ... Excavating Contractor Lavender Nail Spa Nail Salon Realty World Professionals Real Estate Agency Spitfire Elite Consulting Career Guidance Service Bitcoin Depot - Bitcoin ... Crypto Atm

    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
    Aledo
    County
    Tarrant
    State
    Texas
    Longitude
    -97.60304424872
    Latitude
    32.704794348782

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    FAQs

    What type of property is this?
    Restaurant - Two retail spaces available, high-growth area.
    Where is this restaurant located?
    The property is located at 709 Fm 1187 Aledo, TX.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Retail spaces available, 1,730 - 1,883 sq. ft.; Adjacent to the 1,825-acre Dean Ranch mixed-use development.; Strong demographics: Average household income over $156,400 and 176%+ population growth within 3 miles.
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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
    709 Fm 1187 Aledo, TX 76008
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