Two-Unit Office Condo
318 W FM 544 Murphy, TX 75094
New
318 W FM 544, Murphy, TX, 75094
$827,700
For Sale
$827,700
SINGLE_FAMILY - Murphy, TX
Property Size2,000 SF
Lot Size0.05 Acres
Price / SF$413.85
Days on Market5
Property Features for 318 W FM 544
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- R-10993-00C-0020-1
- Lot size
- 0.05 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2016
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet
- Building materials
- Brick, Concrete
- Roof type
- Composition
Listing Agency
GO Real Estate
(214) 491-8068
Frisco, TX
Listed by
Shahid Mehmood · License #0511867
(214) 491-8068
Added: Jul 14 Checked: Jul 18 at 10:06 am
MLS# 21330979
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.
Investment Insights
Based on property information with market context.
This property is a 2,000-square-foot office condo in a single-story configuration, built in 2016 and delivered vacant at closing for clean possession. The space combines two adjoining office condo units (approximately 1,000 square feet each, Units 2 and 3) that are separately platted, providing flexibility for an owner-occupant or a landlord. Inside, the layout includes multiple private offices, two conference rooms, reception areas, a break room, storage, and two restrooms.
The office condos are located on the FM 544 corridor in Murphy, TX, in Collin County. Public remarks indicate a strong parking ratio of 10 spaces per 1,000 square feet.
Units 2 and 3 can be occupied together or separately, supporting use as a whole suite or as individual office condo spaces.
The office condos are located on the FM 544 corridor in Murphy, TX, in Collin County. Public remarks indicate a strong parking ratio of 10 spaces per 1,000 square feet.
Units 2 and 3 can be occupied together or separately, supporting use as a whole suite or as individual office condo spaces.
Key Highlights
- 2,000 SF office condo with an efficient single‑story layout built in 2016
- Two adjoining units: Bldg. C, Units 2 and 3, each about 1,000 SF (two separately platted units)
- Multiple private offices, 2 conference rooms, reception areas, break room, storage, and 2 restrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.9k | $21.96 |
| − Vacancy | −$10.1k | −$5.05 |
| EGI | $33.8k | $16.91 |
| − OpEx | −$8.5k | −$4.23 |
| NOI | $25.4k | $12.68 |
2,000 SF · lease $21.96/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$362.3K
$317.1K – $422.7K
NOI $25,364 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,113 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Single-story office condo building offers adjoining units with private offices, conference rooms, and reception areas.
Where is this office units located?
The property is located at 318 W FM 544 Murphy, TX.
What is the asking price?
The asking price for this property is $827,700.
What are key features of this property?
This property features: 2,000 SF office condo with an efficient single‑story layout built in 2016; Two adjoining units: Bldg. C, Units 2 and 3, each about 1,000 SF (two separately platted units); Multiple private offices, 2 conference rooms, reception areas, break room, storage, and 2 restrooms
