HVAC-Equipped Flex
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For Sale
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10 Regency Drive, Wylie, TX 75098
Light industrial zoning supports a range of commercial applications.
Property Size5,871 SF
Price / SF$234.20
Days on Market7
Property Features for 10 Regency Drive
General Information
Standard status
Active
Size
5,871 SF
Class
A
Total Parking Spaces
8
Property subtype
Office, Industrial, Mixed Use
Zoning
light industrial
Additional Details
Conditioned Warehouse
Yes
Amenities
HVAC
Building Details
Year Built
2019
Listing Agency:
Whisenant Properties
(972) 960-8833
Listed By:
Brook Whisenant · License #Tx 460431
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 8:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Whisenant Properties
Investment Insights
Based on property information with market context.
Built in 2019, this 5,871-square-foot flex property combines conditioned interior space with a warehouse area served by the building’s HVAC system. The layout and light industrial zoning accommodate uses identified in the property information, including auto shop, manufacturing, and distribution operations.
Located at 10 Regency Drive in Wylie, Texas, the property includes 8 parking spaces. Its zoning also permits a range of additional uses, providing flexibility for commercial occupancy and operations.
Located at 10 Regency Drive in Wylie, Texas, the property includes 8 parking spaces. Its zoning also permits a range of additional uses, providing flexibility for commercial occupancy and operations.
Key Highlights
- 5,871‑square‑foot flex property built in 2019
- Building HVAC extends throughout the warehouse space
- Light industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,467
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,889,340
$1.9M
Cap Rate 7%
$1,349,529
$1.3M
Cap Rate 9%
$1,049,633
$1.0M
Market Conditions
NOI Build-Up for 5,871 SF
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.
Gross rent
$141.6K $24.12/SF
− Vacancy
−$6.7K −$1.13/SF
EGI
$135.0K $22.99/SF
− OpEx
−$40.5K −$6.90/SF
NOI
$94.5K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,889,340
Cap Rate 7%
$1,349,529
Cap Rate 9%
$1,049,633
Alternative Uses
Best Use
Industrial
$5.83M
$5.10M – $6.81M
NOI $408,365 @ 7.0% cap · market cap 29.70%
Second Best
Retail
$1.35M
$1.18M – $1.57M
NOI $94,467 @ 7.0% cap · market cap 6.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75098, TX
67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial zoning supports a range of commercial applications.
Where is this flex space located?
The property is located at 10 Regency Drive Wylie, TX.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 5,871‑square‑foot flex property built in 2019; Building HVAC extends throughout the warehouse space; Light industrial zoning
