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

    610 E Byron Nelson Blvd Roanoke, TX 76262

    • Commercial real estate
    • 23,276 SF
    • 2.36 lot acres
    For Lease
    View listing
    $4,400 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1648457
    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

    • Theresa Le, MD / Pediatrician / Physician
    • Anton's meat & eat, South African SA & British UK Market / Grocery & Convenience Store / Food Market
    • UPS Authorized Shipping Outlet / Courier Service / Postal Service
    • Jennifer Ann, LLC / Clothing Store / Baby Clothing Store
    • Deluxe Thai Massage / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 610 E Byron Nelson Blvd

    Year built
    1983
    Lot size
    2.36 lot acres
    Property size
    23,276 SF
    Property type
    Commercial real estate
    APN
    R269633
    APU
    R269633

    Description

    This exceptional retail and office space, located at 610 Byron Nelson Blvd in Roanoke, Texas 76262, offers two available suites totaling approximately 4,263 square feet. The suites, measuring 1,630 and 2,633 square feet respectively, are currently configured as a flooring showroom, presenting a versatile layout adaptable to various business needs. The property boasts an excellent location on Byron Nelson Boulevard, ensuring high visibility and significant foot traffic. Ample parking is available for tenants and customers, enhancing convenience and accessibility. The center benefits from strong synergy with neighboring businesses, creating a vibrant and collaborative environment. The building itself has undergone recent renovations and is meticulously maintained by local ownership, guaranteeing a high-quality space. Excellent signage opportunities exist, including building signage and a prominent pole sign on Byron Nelson Boulevard, maximizing brand exposure. This prime location offers a unique opportunity for businesses seeking a well-maintained, highly visible space in a thriving Texas community. The property is ideal for businesses seeking a high-traffic location with excellent visibility and ample parking.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,235,000
      6.5%
      $4,835,000
      7%
      $4,490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,140,000
      Market price range: $1.22M - $5.68M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,460,000
      Current use
      OFFICE BUILDING
      $4,200,000
      Change: +21% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Denton
    State
    Texas
    Longitude
    -97.22
    Latitude
    33.0015
    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
    $51,601
    $3,084,060
    $365,940
    $3,450,000
    -
    $3,084,060
    $365,940
    $3,450,000

    Comparable in this City

    • Value Estimation by Request
      2.40 Acres

      13567 Cleveland Gibbs Rd

      Land • 1 SF
      13567 Cleveland Gibbs Rd, Northlake, TX 76262
      View Details
    • Value Estimation by Request
      4.20 Acres

      701 Byron Nelson Blvd

      Individual retail properties • 4.20 Acres
      701 Byron Nelson Blvd, Roanoke, TX 76262
      View Details
    • Value Estimation by Request

      2301 Us Hwy

      Land
      2301 Us Hwy, Keller, TX 76262
      View Details
    • Value Estimation by Request

      Bobcat Blvd

      Land
      0 Bobcat Blvd, Roanoke, TX 76262
      View Details
    • Value Estimation by Request
      14.88 Acres

      Marshall Crk

      COMMERCIAL (GENERAL) • 14.88 Acres
      Marshall Crk, Roanoke, TX 76262
      View Details
    • Value Estimation by Request
      1.98 Acres

      Raceway Dr

      COMMERCIAL (GENERAL) • 1.98 Acres
      Raceway Dr, Northlake, TX 76262
      View Details

    Similar Nearby for Sale

    • $70,100

      Roanoke TX Commercial Land Auction

      5.64 Acres, Light Commercial Potential
      0 Bobcat Blvd, Roanoke, TX 76262
      View Details
    • $4,639,140
      3.55 Acres

      Prime Roanoke Commercial Land

      Build-to-Suit Opportunity in DFW Corridor
      Highway 377, Roanoke, TX 76262
      View Details
    • $200,000
      0.22 Acres

      High-Visibility Roanoke Commercial Lot

      Prime Retail/Office Lot, Hwy 377 Access
      2 James St, Roanoke, TX 76262
      View Details
    • Contact for pricing
      4.20 Acres

      Roanoke Retail Pad Sites for Sale/Lease

      Prime Texas location, 4.2 acres, net lease.
      701 Byron Nelson Blvd, Roanoke, TX 76262
      View Details
    • $515,000
      0.31 Acres

      Prime Roanoke Business Lot

      Build Your Dream Business Here!
      205 Byron Nelson Blvd, Roanoke, TX 76262
      View Details
    • $750,000
      3.00 Acres

      Prime 3-Acre Commercial Land in Fort Worth

      Texas Commercial/Industrial Land - $750,000
      14459 Day Rd, Roanoke, TX 76262
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      4,263 SF

      Roanoke Center: Creative Office Suites

      Texas Retail Space: High Visibility, Ample Parking
      610 Byron Nelson Blvd, Roanoke, TX 76262
      View Details
    • Contact for pricing
      3 SF

      3.58 Acres Commercial Land Available

      3.58 acres of commercial land for lease in Roanoke, TX.
      14540 Day Rd, Roanoke, TX 76262
      View Details
    • $3,617 /Mo

      Updated Office Space in Trophy

      Updated office space in Trophy Club with highway visibility.
      301 Trophy Br, Roanoke, TX 76262
      View Details
    • $1,850 /Mo
      32,060 SF

      Versatile Commercial Space in Roanoke

      1200 SF commercial space in the heart of Roanoke, TX.
      905 N Oak St, Roanoke, TX 76262
      View Details
    • $6,100 /Mo
      651,483 SF

      Move-in Ready Flex Garage Space

      Flex garage space in Urban Garages Northlake, ready for occupancy.
      4451 Dale Earnhardt Way, Roanoke, TX 76262
      View Details
    • $16 SF/Yr
      51,370 SF

      AIP Roanoke: Class A Flex Space

      Modern Flex Warehouse Suites Available
      125 Country View Dr, Roanoke, TX 76262
      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.
    610 E Byron Nelson Blvd
    Roanoke, TX 76262
    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.