Two-Story Office
New
For Sale
$1,100,000
100 Quest Court, Keller, TX 76248
Office layout includes private rooms, shared areas, a kitchen, and original hardwood flooring.
Property Size3,376 SF
Lot Size1.11 Acres
Days on Market5
Property Features for 100 Quest Court
General Information
Standard status
Active
Size
3,376 SF
Lot size
1.11 Acres
Property subtype
Commercial
Zoning
OFCLowRise - Office-Low Rise
Additional Details
Road Access
Yes
Amenities
original hardwood floors
kitchen
common areas
storage shed
Building Details
Building Size
3,376 SF
Year Built
1985
Stories
2
Units
1
Construction
log cabin
Listing Agency:
Equitify Realty
(817) 793-3613
Listed By:
Huma Azim · License #0575698
(817) 793-3613
Source:
1111brokerage
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 20 at 2:43PM
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 Equitify Realty
Investment Insights
Based on property information with market context.
This office property occupies 1.1059 acres and was built in 1985. The two-floor building contains six rooms, five bathrooms, three common areas, and a kitchen. Original hardwood flooring is featured in the main log cabin office area.
The property is located at 100 Quest Court in Keller, Texas, just off Keller Pkwy. Office-Low Rise zoning is identified as OFCLowRise. A storage shed sits behind the primary building, and the property information notes the possibility of adding another commercial space, subject to verification of dimensions and allowable lot use.
The property is located at 100 Quest Court in Keller, Texas, just off Keller Pkwy. Office-Low Rise zoning is identified as OFCLowRise. A storage shed sits behind the primary building, and the property information notes the possibility of adding another commercial space, subject to verification of dimensions and allowable lot use.
Key Highlights
- 1.1059‑acre office property at 100 Quest Court, Keller, TX 76248
- Two‑floor building with 6 rooms, 5 bathrooms, 3 common areas, and a kitchen
- Main log cabin office area features original hardwood floors
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
$46,943
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
4.27%
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%
$938,860
$938.9K
Cap Rate 7%
$670,614
$670.6K
Cap Rate 9%
$521,589
$521.6K
Market Conditions
NOI Build-Up for 3,376 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
$83.5K $24.72/SF
− Vacancy
−$20.9K −$6.18/SF
EGI
$62.6K $18.54/SF
− OpEx
−$15.6K −$4.64/SF
NOI
$46.9K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
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%
$938,860
Cap Rate 7%
$670,614
Cap Rate 9%
$521,589
Alternative Uses
Best Use
Office B
$670.6K
$586.8K – $782.4K
NOI $46,943 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$47.21M
$41.31M – $55.08M
NOI $3,304,799 @ 7.0% cap · market cap 300.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 76248, TX
40,894
Population
14,749
Households
2.8
Avg Household Size
42
Median Age
60%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
2,588
Density / Sq Mi
$169,391
Median Household Income
$77,224
Median Earnings
$1,979
Median Rent
$545,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office layout includes private rooms, shared areas, a kitchen, and original hardwood flooring.
Where is this office building located?
The property is located at 100 Quest Court Keller, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1.1059‑acre office property at 100 Quest Court, Keller, TX 76248; Two‑floor building with 6 rooms, 5 bathrooms, 3 common areas, and a kitchen; Main log cabin office area features original hardwood floors
