Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    510 Virginia St Terrell, TX 75160-4205

    • Commercial real estate
    • 9,301 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimations
    $1,485,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3041110
    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

    • Terrell Mr Dumpster Rental Services / General Contractor / Waste Management Facility
    • Western Union / Bank / Credit Union
    • Dollar General / Discount Store
    • Dollar General Gadgets Center / Electronics & Wireless Store
    • FedEx OnSite / Postal Service / Courier Service

    Property Details for 510 Virginia St

    Year built
    2015
    Lot size
    1.28 lot acres
    Property size
    9,301 SF
    Property type
    Commercial real estate
    APN
    00.3710.0028.0001.00.06.06
    APU
    371000280001000606

    Description

    This exceptional investment opportunity presents a 9,100 square foot Dollar General store located at 510 S Virginia St, Terrell, TX 75160. Boasting a 7.00% cap rate and a strong NOI of $87,736, this property offers significant return potential. The absolute NNN lease, with zero landlord responsibilities, ensures a passive income stream through September 30, 2030, with three 5-year lease options including 10% rent increases. Built in 2015 on a 1.28-acre lot, this location benefits from its status as the #1 most visited Dollar General within a 10-mile radius, placing it in the top 84th percentile nationally for foot traffic. Its strategic proximity to the Airport Business Park, a major employment center with over 4,500 employees, further enhances its appeal. The property thrives within a rapidly expanding industrial market, boasting over 7 million square feet of industrial space within a 4-mile radius. Terrell's robust growth is evident in the 17.5% population increase within a 3-mile radius since 2020, projected to rise another 49.95% by 2029. This growth is fueled by the presence of several Fortune 500 companies, including Walmart, AutoZone, and Nucor, establishing Terrell as a key distribution hub. The property also benefits from the recent construction of 570 multi-family units within a 4-mile radius. The tenant completed a remodel in 2023, demonstrating a long-term commitment to the location. This property represents a secure and lucrative investment in a high-growth market. Asking price: $1,253,371.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,595,000
      6.5%
      $1,475,000
      7%
      $1,370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,497,000
      Market price range: $481k - $1.50M

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

    Location Insight

    • Map
    • Local Demand
    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.2764
    Latitude
    32.732
    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
    $28,473
    $434,059
    $949,461
    $1,383,520
    -
    $434,059
    $949,461
    $1,383,520

    Comparable in this City

    • Value Estimation by Request
      70.00 Acres

      US-80 And Spur 557

      Land • 70.00 Acres
      US-80 And Spur 557, Terrell, TX 75160
      View Details
    • Value Estimation by Request

      Terrell, TX 75160

      COMMERCIAL (GENERAL)
      Terrell, TX 75160
      View Details
    • Value Estimation by Request
      1.36 Acres

      Fm Rd

      COMMERCIAL (GENERAL) • 1.36 Acres
      Fm Rd, Terrell, TX 75160
      View Details
    • Value Estimation by Request
      0.23 Acres

      Terrell, TX 75160

      COMMERCIAL (GENERAL) • 0.23 Acres
      Terrell, TX 75160
      View Details
    • Value Estimation by Request
      0.13 Acres

      Terrell, TX 75160

      COMMERCIAL (GENERAL) • 0.13 Acres
      Terrell, TX 75160
      View Details
    • Value Estimation by Request
      0.07 Acres

      Catherine

      COMMERCIAL (GENERAL) • 0.07 Acres
      Catherine, Terrell, TX 75160
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      70.00 Acres

      Terrell, TX Commercial Land Opportunity

      ±70 Acres, US-80 Frontage, Utilities Available
      US-80 And Spur 557, Terrell, TX 75160
      View Details
    • $99,900
      0.40 Acres

      Terrell, TX Land - $99,900

      0.395-acre lot, multifamily potential
      1127 End St, Terrell, TX 75160
      View Details
    • Contact for pricing
      3.00 Acres

      Terrell Townhome Development Opportunity

      16 Townhomes, 3 Acres, QOZ
      0 Tx-34, Terrell, TX 75160
      View Details
    • $499,500

      Terrell I-20 Commercial Land

      Prime I-20 commercial lot, 33,062 SF.
      311 I-20, Terrell, TX 75160
      View Details
    • $250,000
      3,200 SF

      Terrell Warehouse: $250K Investment

      3,200 SF Warehouse, Ample Parking
      305 9Th St, Terrell, TX 75160
      View Details
    • Contact for pricing
      3.70 Acres

      Terrell Retail Development Site

      Prime 3.7-acre commercial lot, I-20 access.
      151 Windsor Ave, Terrell, TX 75160
      View Details

    Similar Nearby for Lease

    • $10,000 /Mo
      43,560 SF

      Prime Retail Ground Lease Opportunity

      1-acre retail ground lease in high-traffic Terrell, TX.
      101 State Highway 205, Terrell, TX 75160
      View Details
    • Contact for pricing
      100,715 SF

      New Terrell Logistics Park Space

      Class A industrial space in new logistics park available for lease.
      501 Industrial Blvd, Terrell, TX 75160
      View Details
    • Contact for pricing
      25,000 SF

      Historic Building in Downtown Terrell

      Historic building in downtown Terrell, near upcoming revitalization district.
      201 E Moore Ave, Terrell, TX 75160
      View Details
    • $1,200 /Mo

      Office Space For Rent

      1000sf office space with private office and restroom.
      1739 N Frances St, Terrell, TX 75160
      View Details
    • Contact for pricing
      51,875 SF

      New Terrell Logistics Park Space

      Class A industrial space in new logistics park available for lease.
      1149 S Virginia St, Terrell, TX 75160
      View Details
    • $650 /Mo

      Historic Downtown Office Space

      Over 3,600 SF office space in historic downtown building.
      211 E Moore Ave, Terrell, TX 75160
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    510 Virginia St
    Terrell, TX 75160-4205
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.