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    2041 Rufe Snow Dr Keller, TX 76248

    • Strip malls
    • 31,630 SF
    • 3.48 lot acres
    For Lease
    View listing
    Value Estimations
    $490,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0101092
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • HearUSA / Hearing Aid Store
    • Easy Street Recumbents - North Texas / Bicycle Shop
    • Sherwin-Williams Paint Store / Home Improvement Store / Paint Manufacturer
    • Subway / Fast Food Restaurant / Caterer
    • Simply Thai / Restaurant / Thai Restaurant

    Property Details for 2041 Rufe Snow Dr

    Year built
    2001
    Lot size
    3.48 lot acres
    Property size
    31,630 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    22345G-A-5
    APU
    22345GA5

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Keller
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2369
    Latitude
    32.8981
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $104,537
    $1,211,576
    $4,288,424
    $5,500,000
    -
    $1,211,576
    $4,288,424
    $5,500,000

    Comparable in this City

    • Value Estimation
      $575,000
      9,600 SF

      1632 Keller Pkwy

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      1632 Keller Pkwy, Keller, TX 76248-3783
      View Details
    • Value Estimation
      $780,000
      21,900 SF

      940 Keller Pkwy

      SHOPPING CENTER, STRIP CENTER • 21,900 SF
      940 Keller Pkwy, Keller, TX 76248-3655
      View Details
    • Value Estimation
      $605,000
      10,174 SF

      1431 Keller Pkwy

      SHOPPING CENTER, STRIP CENTER • 10,174 SF
      1431 Keller Pkwy, Keller, TX 76248-3854
      View Details
    • Value Estimation
      $570,000
      30,033 SF

      770 Main St

      SHOPPING CENTER, STRIP CENTER • 30,033 SF
      770 Main St, Keller, TX 76248-7049
      View Details
    • Value Estimation
      $500,000
      15,150 SF

      104 Navajo Dr

      SHOPPING CENTER, STRIP CENTER • 15,150 SF
      104 Navajo Dr, Keller, TX 76248-2491
      View Details
    • Value Estimation
      $430,000
      6,065 SF

      861 Tarrant Pkwy

      SHOPPING CENTER, STRIP CENTER • 6,065 SF
      861 Tarrant Pkwy, Keller, TX 76248-6600
      View Details

    Similar Nearby for Sale

    • $9,299,000
      29,792 SF

      Keller Commons Retail Center

      Multi-tenant retail center with 89.4% occupancy in Keller, TX.
      2122 Rufe Snow Dr, Keller, TX 76248
      View Details
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      Retail Space Near Kroger Center

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      Prime Retail Location in Keller

      Retail building with ample land in central Keller, Texas.
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    • $1,800,000
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      New Shell Building in Keller

      5,000 SF shell building in historic Old Town Keller.
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      8,620 SF

      Restaurant in Old Town Keller

      8,620 SF fully equipped restaurant for sale.
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    • $2,375,000
      0.92 Acres

      Retail Zoned Property in Keller

      Retail zoned property with parking and immediate occupancy potential.
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    Similar Nearby for Lease

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      27,168 SF

      Retail Space in Keller Crossing

      Open-air shopping center with high traffic and affluent neighborhood.
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      Retail Space in Keller Marketplace

      Retail space in Keller, TX, near affluent neighborhoods.
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      Retail Space in Keller Marketplace

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      3,400 SF

      Retail Space in Keller Marketplace

      Retail space available in a neighborhood retail center.
      1521 Keller Pkwy, Keller, TX 76248
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      Retail Space in Keller Crossing

      Retail space in a high-traffic shopping center.
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    • Contact for pricing
      21,295 SF

      Keller Parkway Retail Center

      Prime Keller retail space available.
      1175 Keller Pkwy, Keller, TX 76248
      View Details
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    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
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