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    1540 Keller Pkwy Keller, TX 76248-4601

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    1540 Keller Pkwy Keller, TX 76248-4601

    View on Map
    • Community centers
    • 19,120 SF
    • 2.18 lot acres
    Off-Market
    Last Sale Sep 14, 2022
    Property ID
    US82-0293978
    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
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kumon Math and Reading Center of Keller - North / Tutoring Service / Training Center
    • Keller Smiles / Dental Office
    • marchForth Inc. / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Cannon Roofing Inc. / Roofing Company / General Contractor
    • That Dang Salon / Hair Salon / Nail Salon

    Property Details for 1540 Keller Pkwy

    Year built
    1998
    Lot size
    2.18 lot acres
    Property size
    19,120 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    22326-A-7R1
    APU
    22326A7R1

    Description

    Keller Crossing, located at 1540 Keller Parkway in Tarrant County, Texas, offers exceptional retail opportunities. This open-air shopping center boasts 135,701 square feet of total building space, with 14,865 square feet currently vacant. Multiple tenancy options are available, ranging from a minimum of 1,076 square feet to a maximum contiguous space of 13,789 square feet. The center enjoys a highly visible location along Keller Parkway, experiencing approximately 50,000 vehicles per day. The surrounding trade area demonstrates strong demographics, with an average household income exceeding $161,000 within a three-mile radius, making it one of the most affluent suburban markets in the Dallas-Fort Worth area. Keller's consistent annual growth is fueled by its desirable atmosphere, top-rated schools, and award-winning community amenities. Recognized by Money Magazine as one of the "top 100 places to live in America," Keller provides a robust and stable market for retail businesses. The center benefits from strong co-tenancy, including established businesses such as Big Lots, Natural Grocers, Walgreens, Verizon Wireless, Jersey Mike's, and Ace Hardware. The zip code is 76248.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $695,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $574,000
      Market price range: $574k - $1.11M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $840,000
      Current use
      WAREHOUSE, STORAGE
      $810,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Keller
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2172
    Latitude
    32.9327
    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
    $31,868
    $730,337
    $1,755,263
    $2,485,600
    -
    $730,337
    $1,755,263
    $2,485,600

    Comparable in this City

    • Value Estimation
      $1,560,000
      73,916 SF

      1580 Keller Pkwy

      MINI-MALL • 73,916 SF
      1580 Keller Pkwy, Keller, TX 76248-3772
      View Details
    • Value Estimation
      $995,000
      40,755 SF

      1600 Keller Pkwy

      MINI-MALL • 40,755 SF
      1600 Keller Pkwy, Keller, TX 76248-3774
      View Details
    • Value Estimation by Request
      420 SF

      1570 Keller Pkwy

      MINI-MALL • 420 SF
      1570 Keller Pkwy, Keller, TX 76248-3621
      View Details
    • Value Estimation
      $2,425,000
      98,778 SF

      1000 Keller Pkwy

      MINI-MALL • 98,778 SF
      1000 Keller Pkwy, Keller, TX 76248-3611
      View Details
    • Value Estimation
      $965,000
      21,871 SF

      1012 Keller Pkwy

      MINI-MALL • 21,871 SF
      1012 Keller Pkwy, Keller, TX 76248
      View Details
    • Value Estimation by Request
      52,443 SF

      10800 Beach St

      Neighborhood centers • 52,443 SF
      10800 Beach St, Keller, TX 76248
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,843 SF

      Keller Retail Center Stage Shops

      23,843 SF retail center in high-growth Keller, TX.
      1320 N Main St, Keller, TX 76248
      View Details
    • $9,299,000

      Keller Commons Retail Center

      Multi-tenant retail center with 89.4% occupancy in Keller, TX.
      2122 Rufe Snow Dr, Keller, TX 76248
      View Details
    • $2,475,000
      8,112 SF

      Retail Zoned Property For Sale

      Retail zoned property with easy access and immediate occupancy.
      200 Meadowlands Blvd, Keller, TX 76248
      View Details
    • Contact for pricing
      1,782 SF

      Old Town Keller Commercial Opportunity

      Prime commercial opportunity in high-traffic Keller district.
      128 Taylor St, Keller, TX 76248
      View Details
    • $2,375,000
      0.92 Acres

      Retail Zoned Property in Keller

      Retail zoned property with parking and immediate occupancy potential.
      200 Meadowlands Blvd, Keller, TX 76248
      View Details
    • $1,800,000

      New Shell Building in Keller

      5,000 SF shell building in historic Old Town Keller.
      207 S Elm St, Keller, TX 76248
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,367 SF

      Retail Space in Keller Town Center

      21,367 SF retail space for lease in Keller, TX.
      920 Keller Pkwy, Keller, TX 76248
      View Details
    • Contact for pricing

      Kroger Anchored Retail Center

      Retail center with high visibility and diverse tenant mix.
      2041-2061 Rufe Snow Dr, Keller, TX 76248
      View Details
    • Contact for pricing
      27,168 SF

      Retail Space in Keller Crossing

      Open-air shopping center with high traffic and affluent neighborhood.
      1580 Keller Pkwy, Keller, TX 76248
      View Details
    • Contact for pricing
      420 SF

      Retail Space in Keller Crossing

      Retail space in a high-traffic shopping center.
      1570 Keller Pkwy, Keller, TX 76248
      View Details
    • Contact for pricing
      2,575 SF

      Retail Center on Highway 377

      Retail, restaurant, service, and office spaces available for lease.
      800 S Main St, Keller, TX 76248
      View Details
    • Contact for pricing
      3,400 SF

      Retail Space in Keller Marketplace

      Retail space available in a neighborhood retail center.
      1521 Keller Pkwy, Keller, TX 76248
      View Details
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    Keller, TX 76248-4601
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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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