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    Freestanding Flex and Warehouse Building Title is generated by Realmo AI

    211 Regency Drive, Wylie, TX 75098

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    Claim this Listing
    For Sale
    $1,790,000

    COMMERCIAL - Wylie, TX

    Property size:
    6,357 SF
    Lot size:
    0.68 Acres
    Price / SF:
    $281/SF
    Added:
    May 24, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 211 Regency Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Boat
    Standard status
    Active
    APN
    R220800C04401
    Size
    6,357 SF
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Description
    REGENCY BUSINESS PARK - PHASE 2 (CWY), BLK C,
    Tax Annual Amount
    15427

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    2012
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Ari Besefki
    Ari Besefki

    Listing agent Ari Besefki License #0655788

    Listing office Opportune Realty Frisco, TX

    Listing date May 24, 2026

    MLS# 20813048

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Free‑standing multi‑tenant building in Wylie with 2 units totaling 6,984 SF
    • About 1,100 SF of office space plus remaining workshop/warehouse area
    • Metal roof with brick construction and concrete flooring
    • Central natural gas heating and central air cooling
    • 2 phase‑3 electrical power and 14–18 ft ceiling height
    • Parking available, including boat parking

    Overview

    This free standing building is configured as two separate units, totaling 6,984 square feet, with about 1,100 square feet of office space. The remaining area is workshop and warehouse space, supported by ceiling heights estimated at 14 to 18 feet. The property also includes a dedicated office area, along with room for storage in the warehouse portions of the facility. Electrical service is listed as 2-phase-3, and the overall site includes plenty of parking.

    Located in a high-growth area of Wylie, the property is positioned for straightforward customer and employee access given its on-site parking availability. The listing is for 211 Regency Drive in Wylie, Texas.

    This configuration is well suited for owner-occupiers or tenants seeking a functional mix of offices and light workshop/warehouse operations. With two units in place, it can also appeal to buyers looking for flexibility, whether to occupy one unit and lease the other or to consolidate operations into the combined space. The combination of office support, workshop/warehouse layout, and practical site parking makes it a useful option for a range of small industrial and flex users.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wylie
    County
    Collin
    State
    Texas
    Longitude
    -96.585462
    Latitude
    33.004832

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    FAQs

    What type of property is this?
    Flex space - Two-unit flex/warehouse property offers office space, workshop-style warehouse area, and ample on-site parking.
    Where is this flex space located?
    The property is located at 211 Regency Drive Wylie, TX.
    What is the asking price?
    The asking price for this property is $1,790,000.
    What are key features of this property?
    This property features: Free‑standing multi‑tenant building in Wylie with 2 units totaling 6,984 SF; About 1,100 SF of office space plus remaining workshop/warehouse area; Metal roof with brick construction and concrete flooring
    (214) 662-1941
    We can help!
    Listing Contact
    Ari Besefki
    Ari Besefki
    Real Estate License ID: 0655788
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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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