RECENT SALES
Southwest corner, I-35 at FM 3175, Lytle, TX; 7.6 Acres, zoned Commercial;
4043 E Houston Street, San Antonio, TX; .59 Acre lot, zoned Commercial;
10820 Homestead Rd (at Little York), Houston, TX; 1.36 Acres, zoned Commercial;
Klosterhoff Rd (west of Hartledge Rd), Fort Bend County, TX; 56.961 Acres, unzoned;
10 Townhomes, 6464 Alisa, et. al. in Langham Creek Colony, Houston, TX;
12638 Ridgeline Bl, Austin, TX; 12.19 Acres, site for Caliza Apartments;
Hwy 111 S at CR 415, Edna, TX; 210.29 Acres, Agricultural;
1925 Garth Rd, Baytown, TX; vacant Taco Bueno.
Please see “Transaction Archives” below for earlier sales and leases.
Southward view of 7.6 acres at IH-35 and FM 3175, Lytle, TX. Site has 399.97 feet of frontage along the I-35 service road; traffic count 40,000+ vpd. The site of “Taqueria Jalisco” is to be re-developed for other commercial use.
Click here to see a 1:23 video clip of the property and traffic along I-35 and the City of Lytle.
TRANSACTION ARCHIVES
APARTMENT SALES
| Apartments | Location | Units | Price | ||
|---|---|---|---|---|---|
|
Birchwood Village
|
Dallas
|
53
|
$930,
000 |
||
|
Las Brisas |
Fort Worth |
33 |
$630,000 |
||
|
Timberbrook |
Dallas |
70 |
$1,015,000 |
||
|
Woodside Villas |
Irving |
195 |
$4,950,000 |
||
|
Woodland West |
Arlington |
186 |
$4,350,000 |
||
|
The Way |
Irving |
212 |
$4,872,000 |
||
|
The Oaks |
Bedford |
156 |
$4,500,000 |
||
|
Sheffield Heights |
Nashville, TN |
202 |
$5,900,000 |
||
|
Edgewood East |
Arlington |
148 |
$2,050,000 |
||
|
Royal Oaks |
Dallas |
243 |
$4,200,000 |
||
|
Monaco and Lido |
Fort Worth |
136 |
$2,300,000 |
||
|
Kingsley Park |
Dallas |
163 |
$4,070,000 |
||
|
Sherlock Homes |
Hurst |
207 |
$4,400,000 |
||
|
Peabody Quarters |
Nashville, TN |
24 |
$462,500 |
||
|
Ridgmar Plaza |
Fort Worth |
51 |
$1,200,000 |
||
Commercial-retail properties are typically highly sought due to their values being tied to their income stream. However, in the case of owner occupied, or single-use buildings, their prices are driven by utility, and might not reflect market rents.
The survey above is for the 12.19 acre tract on Ridgeline Bl at RM 620 (NWQ), Austin; now identified by street address as 12638 Ridgeline Bl. Located right outside Lakeline Mall, the property makes a great site for Caliza Apartments.
Our deal in the Langham Creek Colony townhome development was a 10-unit package that was offered to us by the owner. This property, located at the NEQ of State Hwy 6 & W Little York Rd, is pictured below. TH’s can be seen along the floodway, west side.
| COMMERCIAL-RETAIL SALES | Location | Sq. Ft. | Price |
|---|---|---|---|
| Deerbrook Crossing Sh. Ctr. | Humble | 253,071 | $5,100,000 |
| Canyon Creek Plaza Sh. Ctr. | Richardson | 52,138 | $10,174,000 |
| 2615 Oak Lawn Ave. Sh. Ctr. | Dallas | 8,112 | $2,000,000 |
| Mooreland Sh. Ctr. | Springfield TN | 85,000 | $2,500,000 |
| 610 Church St. | Nashville TN | 5,000 | $200,000 |
Commercial-retail leasing is a specialty which is extremely helpful to any broker planning to engage in retail sales. Understanding the terms and provisions of leases is essential in determining the value of these properties.
| COMMERCIAL-RETAIL LEASES | Location | Sq. Ft. | Property |
|---|---|---|---|
| Cora's Hair Salon | Fort Worth | 1500 | Woodhaven Village |
| Comet Cleaners | Fort Worth | 1500 | Woodhaven Village |
| The Children's Shop | Fort Worth | 1500 | Woodhaven Village |
| Grace's Fashion Boutique | Fort Worth | 1500 | Woodhaven Village |
| AutoZone | Springfield TN | 6200 | Mooreland Sh. Ctr. |
| Fashion Cents | Nashville TN | 3476 | 235 Fifth Avenue |
| Bert's Men and Boys' Store | Nashville TN | 2420 | Richland Creek St. Ctr. |
| Persnickety's Homemade Ice Cream | Murfreesboro TN | 2400 | Former BoJangles |
| Inches-A-Weigh Weight Loss Clinic | Nashville TN | 1600 | Elysian Fields Sh. Ctr. |
| The Movie Store | The Hermitage TN | 2450 | Jackson Village Sh. Ctr. |
| Sally Beauty Supply | The Hermitage TN | 1400 | Jackson Village Sh. Ctr. |
| Frame Makers Gallery | The Hermitage TN | 1400 | Jackson Village Sh. Ctr. |
| The Book Worm | The Hermitage TN | 1400 | Jackson Village Sh. Ctr. |
| Primerica/Barnes | Dallas | 1100 | Skillman Forest Square |
| Primerica/Norman | Dallas | 900 | Skillman Forest Square |
Canyon Creek Plaza, pictured above, is at the NWQ of Campbell Road and U.S. I-75 in Richardson. It is a well located property providing goods and services to upper middle class residents of the neighborhood. Having lived nearby, we were quite familiar with this shopping center, but we did not know it was available prior to our cold-calling the owners to inquire of its status. Please see our letter of recommendation from its managing partner, Tim Siegel.
| SINGLE-FAMILY HOMES | Location | Price |
|---|---|---|
| 7006 Greentree | Dallas | $160,000 |
| 7711 Heather Ridge Ct | Irving | $250,000 |
| 7726 La Risa Dr | Dallas | $140,000 |
| 5437 Meadowcrest Dr | Dallas | $304,000 |
| 2903 Shinery Oak Pl | Plano | $220,000 |
| 989 Easton Pl | Dallas | $180,000 |
| 2713 Deering Ct | Plano | $245,000 |
| 6912 Spanky Branch Ct | Dallas | $250,000 |
| 3316 Woodberry Ln | McKinney | $140,000 |
| 3512 Crossbend Rd | Plano | $205,000 |
| 440 Lexington | Richardson | $65,000 |
| 7805 Ivy Ln | Rowlett | $80,000 |
| 629 Water Oak Dr | Plano | $245,000 |
| 7115 Haverford Dr | Dallas | $120,000 |
| 3316 Woodberry Ln | McKinney | $174,000 |
| 7514 Cottonwood Ct | Garland | $195,000 |
| 7802 Ivy Ln | Rowlett | $74,000 |
| 10412 Silverock | Dallas | $138,000 |
| 809 E Ridgewood | Garland | $34,000 |
| 438 Pittman St | Richardson | $58,000 |
| 438 Pittman St | Richardson | $84,000 |
| 11042 Wallbrook | Dallas | $115,000 |
| 9227 Larchwood | Dallas | $123,750 |
| 214 Windmill Ridge Rd | Rockwall | $85,000 |
| 424 Lowell St | Richardson | $80,000 |
| 1419 Goliad | Arlington | $108,000 |
| 1020 Park Dr | Carrollton | $73,000 |
| 632 Mimosa St | Irving | $45,000 |
| 3162 Sombrero Dr | Dallas | $95,500 |
| 3115 Kingston Dr | Richardson | $185,000 |
| 2112 Cannes Dr | Plano | $215,000 |
| 3209 Stonehenge | Richardson | $166,500 |
| 1249 Dumont Dr | Richardson | $128,000 |
| 2121 Brugge Ct | Plano | $180,000 |
| 11813 Port Rd | Frisco | $155,000 |
| 7333 Breckenridge Dr | Plano | $224,000 |
| 7114 Manor Oaks Dr | Dallas | $169,900 |
| 7800 Cherry Creek Dr | Plano | $301,000 |
| 12927 Wincrest Ct | Cypress | $185,225 |