Wylie Freestanding Building
For Sale
$1,790,000
211 Regency Drive, Wylie, TX 75098
Freestanding building in Wylie with office and warehouse space.
Property Size6,357 SF
Price / SF$281.58
Days on Market595
Property Features for 211 Regency Drive
General Information
Standard status
Active
Size
6,357 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$15,427
Amenities
Central Air, Electric
3
Building Details
Year Built
2012
Listing Agency:
Opportune Realty
(214) 662-1941
Listed By:
Ari Besefki · License #TX-0655788
(214) 662-1941
Source:
Xome
Added: Dec 21, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:39AM
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 Opportune Realty
Investment Insights
Based on property information with market context.
This property presents an opportunity to own a freestanding building located in the high-growth area of Wylie. The building has 2 units totaling 6,984 square feet, including approximately 1,100 square feet of office space and a workshop warehouse. The warehouse features 2 phase-3 electrical power and a ceiling height of 14-18 feet. The property also includes a nice office area, ample parking spaces, and room for storage.
Key Highlights
- Free‑standing building in high‑growth area of Wylie.
- 6,984 sq ft total space with workshop/warehouse.
- Two units.
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
$80,619
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
4.50%
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%
$1,612,380
$1.6M
Cap Rate 7%
$1,151,700
$1.2M
Cap Rate 9%
$895,767
$895.8K
Market Conditions
NOI Build-Up for 6,357 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
$139.6K $21.96/SF
− Vacancy
−$32.1K −$5.05/SF
EGI
$107.5K $16.91/SF
− OpEx
−$26.9K −$4.23/SF
NOI
$80.6K $12.68/SF
Area
Collin County, TX
Vacancy
23.00%
Lease Rate
$21.96 /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%
$1,612,380
Cap Rate 7%
$1,151,700
Cap Rate 9%
$895,767
Alternative Uses
Best Use
Industrial
$6.32M
$5.53M – $7.37M
NOI $442,169 @ 7.0% cap · market cap 24.70%
Second Best
Office B
$1.15M
$1.01M – $1.34M
NOI $80,619 @ 7.0% cap · market cap 4.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
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 Office 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 - Freestanding building in Wylie with office and warehouse space.
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 building in high‑growth area of Wylie.; 6,984 sq ft total space with workshop/warehouse.; Two units.
