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    828 Us Hwy Roanoke, TX 76262
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    828 Us Hwy, Roanoke, TX 76262

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    • Retail properties & Spaces
    • 10,780 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 828 Us Hwy

    Year built
    1975
    Property type
    Retail properties & Spaces

    Description

    This exceptional 10,780 square foot retail property, built in 1975, is situated on a prominent corner lot at the intersection of Highway 377 and James Street in Roanoke, Texas, zip code 76262. The single-story building offers multiple tenancies, with one 1,500 square foot space currently available. The property boasts ample open parking and excellent visibility, ensuring high traffic and customer accessibility. The available space features desirable amenities including two private offices, two open areas, and an additional non-climate-controlled space with convenient grade-level access. This location is ideal for businesses seeking high visibility and easy access within the thriving Roanoke submarket, which also encompasses Southlake, Westlake, Trophy Club, and Keller. The property's strategic placement provides exceptional exposure to a large customer base. This is a rare opportunity to secure a well-positioned retail space in a rapidly growing area. The property's size and layout offer flexibility for a variety of retail businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2253
    Latitude
    33.0071

    Comparable in this City

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      2.40 Acres

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      4.20 Acres

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      8,600 SF

      US-377 & Marshall Crk Rd

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    • Value Estimation by Request
      0.55 Acres

      720 Us-377

      Retail properties & Spaces
      720 Us-377, Roanoke, TX 76262
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    Similar Nearby for Sale

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      Land Available in Roanoke, Texas

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      Retail Land on Byron Nelson

      0.3 acre retail-zoned land with high-traffic frontage.
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      Commercial Property in DFW Alliance

      Commercial property in DFW Alliance Corridor at Parish, 377, S Oak.
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    • $5,358,000
      11,320 SF

      Roanoke Retail Center For Sale

      Multi-tenant retail center in Historic Downtown Roanoke, Texas.
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      Luxury Garage with Premium Features

      Turn-key luxury garage with high-end amenities and equipment included.
      1725 N Hwy 377 #201, Roanoke, TX 76262
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      18,960 SF

      Vibrant Trophy Club Retail Hub

      Retail hub in Trophy Club with high visibility and access.
      2550 Bobcat Blvd, Trophy Club, TX 76262
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    Similar Nearby for Lease

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      Corporate Campus in Westlake, Texas

      Master-planned corporate campus with amenities in the DFW Metroplex.
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      Retail and Pad Opportunities

      Retail and pad sites available near Downtown Roanoke.
      720 N Us-377, Roanoke, TX 76262
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      North Fort Worth Pad Sites

      Pad sites available in North Fort Worth corridor.
      13567 Cleveland Gibbs Rd, Northlake, TX 76262
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      Retail Showroom on Byron Nelson

      Retail space with excellent visibility and signage opportunities.
      610 Byron Nelson Blvd, Roanoke, TX 76262
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      6,000 SF

      Retail Space in Roanoke, TX

      Retail and pad opportunities available in Roanoke, Texas.
      700 N Us Hwy 377, Roanoke, TX 76262
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      2,022 SF

      Retail Space with Highway Access

      Retail space with excellent visibility and easy highway access.
      1711 Hwy 99 S, Roanoke, TX 76262
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    Roanoke, TX 76262
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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
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