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Property profile & analytics
OFF-MARKET
Commercial real estate

1234 Fm 407 Northlake, TX 76226

10,222 SF Built 2021
Entity Owned 2-yr Hold
Property ID
US83-2083560
Property summary
AI-generated overview

Northlake Commons offers a unique opportunity for retail tenants seeking a presence in the rapidly growing Northlake, Texas market. This Class A retail center, built in 2021, boasts a total of 10,222 square feet, currently featuring 8,516 square feet of available space divisible to a minimum of 1,700 square feet and up to the entire 10,222 square feet contiguous. The property is strategically located at 1234 FM 407 #300, Northlake, TX 76226, in Denton County, providing convenient access to major thoroughfares including I-35W, I-35E, Hwy 114, and 1171. Northlake Commons is anchored by the Town of Northlake municipal offices and police department, ensuring high visibility and foot traffic. The center serves the thriving communities of Robson Ranch, Harvest, and Pecan Acres, experiencing significant residential growth with over 125 homes sold monthly. This presents a remarkable opportunity for businesses to capitalize on the underserved market and cater to the needs of these expanding communities. Each tenant enjoys exclusivity within their respective business category, ensuring a competitive advantage. Lease terms are available starting at seven years. The property consists of four total suites.

Property profile
Verified
Property type Commercial real estate
Year built 2021
Total area 10,222 SF
UPID US83-2083560
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Vast Ri LLC · 2 yrs held
Vast Ri LLC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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