1540 Keller PkwyKeller, TX 76248

Property Details for 1540 Keller Pkwy

Year built

1998

Lot size

2.18 AC

Property size (Sq ft)

19,120 SF

Property type

Community 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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,968,757

  6.5%

  $6,432,699

  7%

  $5,973,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,746,452

  Geo Method

  $5,797,306

• Alternative Use

  Use

  Valuation

  Residential

  $5,426,222

  Hospitality

  $4,970,390

  Educational

  $4,135,306

  Medical

  $4,277,526

  Retail

  $6,432,699

Location Insight

City

Keller

County

Tarrant

State

Texas

Latitude

32.9327

Longitude

-97.2172

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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