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    1201 Southlake Blvd Southlake, TX 76092
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    1201 Southlake Blvd, Southlake, TX 76092

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    • Grocery and convenience stores
    • 72,898 SF
    • 7.60 lot acres
    For Lease
    $2,320,000
    View Listing →
    Southlake Commercial Land For Lease For Lease
    $2,320,000
    230,000 SF

    Southlake Commercial Land For Lease

    Commercial land available for ground lease or build-to-suit in Southlake.

    1201 -1465 E SOUTHLAKE BLVD, Southlake, TX 76092
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    Property ID
    US82-4174738
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1201 Southlake Blvd

    Year built
    2006
    Lot size
    7.60 lot acres
    Property type
    Grocery and convenience stores
    APN
    38485M-1-3R
    APU
    38485M13R

    Description

    This exceptional retail opportunity is located within the Shops of Southlake, a thriving lifestyle center in Tarrant County, Texas. The property, situated at 1201-1465 E Southlake Blvd, Southlake, TX 76092, boasts a total of 230,000 square feet and offers multiple suites for lease. Three suites are currently available, ranging from a minimum of 1,477 square feet to a maximum contiguous space of 2,589 square feet. A total of 4,066 square feet is currently vacant. The property sits on a 0.965-acre lot and enjoys a high-traffic location anchored by Central Market, alongside other established retailers such as Nordstrom Rack, DSW, and Saint Bernard. This prime location within Southlake draws a significant customer base from the affluent community and surrounding areas, providing exceptional visibility and access to a desirable demographic. The property's strategic placement within this successful lifestyle center presents a unique opportunity for businesses seeking high-profile exposure and strong consumer traffic in a thriving market. The property type is retail, specifically storefront and restaurant spaces are available. This is an ideal location for businesses seeking a high-traffic, affluent market in the desirable Southlake, Texas area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Southlake
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1313
    Latitude
    32.9394
    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
    $127,587
    $3,309,930
    $3,690,070
    $7,000,000
    -
    $3,309,930
    $3,690,070
    $7,000,000

    Comparable in this City

    • Value Estimation
      $525,000
      4,978 SF

      2905 Southlake Blvd

      CONVENIENCE STORE (W/FUEL PUMP)
      2905 Southlake Blvd, Southlake, TX 76092-6617
      View Details
    • Value Estimation by Request
      3,483 SF

      1600 Southlake Blvd

      CONVENIENCE STORE (W/FUEL PUMP)
      1600 Southlake Blvd, Southlake, TX 76092-6800
      View Details
    • Value Estimation by Request
      3,616 SF

      2100 Southlake Blvd

      CONVENIENCE STORE (W/FUEL PUMP)
      2100 Southlake Blvd, Southlake, TX 76092-6506
      View Details
    • Value Estimation by Request
      3,337 SF

      2210 Southlake Blvd

      CONVENIENCE STORE (W/FUEL PUMP)
      2210 Southlake Blvd, Southlake, TX 76092-6751
      View Details
    • Value Estimation
      $3,390,000
      146,623 SF

      2604 Southlake Blvd

      GROCERY, SUPERMARKET
      2604 Southlake Blvd, Southlake, TX 76092
      View Details
    • Value Estimation by Request
      2,400 SF

      401 Kimball Ave

      CONVENIENCE STORE (W/FUEL PUMP)
      401 Kimball Ave, Southlake, TX 76092-6642
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,176 SF

      Retail Building in Southlake District

      9,176 SF retail building in Southlake's "The District".
      2112 E State Highway 114, Southlake, TX 76092
      View Details
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      5,147 SF

      Retail Space Near Sports Facilities

      Retail space available near sports facilities and residential area.
      3317 E State Highway 114, Southlake, TX 76092
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      10,022 SF

      Southlake Retail Center For Sale

      Retail center with high visibility and strong tenant retention.
      1959 W Southlake Blvd, Southlake, TX 76092
      View Details
    • Contact for pricing
      7,951 SF

      Tenant-Occupied Property with Guaranteed Buyback

      Tenant occupied property with guaranteed buyback and income opportunity.
      615 Brewer Rd, Southlake, TX 76092
      View Details
    • $4,950,000
      7,951 SF

      Southlake TX Tenant-Occupied Property

      Tenant-occupied property in Southlake, TX with guaranteed buyback.
      615 Brewer Rd, Southlake, TX 76092
      View Details
    • $4,950,000
      7,951 SF

      Modern Masterpiece on 1.38 Acres

      Remodeled 7951 sqft property with income opportunity and buyback.
      615 Brewer Rd, Southlake, TX 76092
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      230,000 SF

      Shops of Southlake Retail Space

      Prime Southlake retail, multiple suites available.
      1201 Southlake Blvd, Southlake, TX 76092
      View Details
    • Contact for pricing
      3,920 SF

      Luxury Retail Space in Southlake

      Upscale retail space in a premier mixed-use development.
      1420-1438 E Southlake Blvd, Southlake, TX 76092
      View Details
    • Contact for pricing
      1,715 SF

      Retail Space in Southlake

      Retail space available in Southlake near Highway 114.
      2251 E Southlake Blvd, Southlake, TX 76092
      View Details
    • Contact for pricing
      3,000 SF

      Office/Showroom Space Available

      Office/Showroom space with easy access to highways and airport.
      2855 Exchange Blvd, Southlake, TX 76092
      View Details
    • Contact for pricing
      2,626 SF

      Retail Space in Southlake Center

      Retail space available in Sprouts-anchored Southlake shopping center.
      220-250 Randol Mill Ave, Southlake, TX 76092
      View Details
    • Contact for pricing
      1,973 SF

      Retail Space Near Southlake Square

      Retail space located near premier retail and dining destinations.
      1101 State Highway 114 E, Southlake, TX 76092
      View Details
    View Listing
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    Southlake, TX 76092
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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.

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