Open-Plan Retail
For Sale
Contact for pricing
10424 County Road 1099, Princeton, TX 75407
Two leasable areas share kitchen facilities and offer access to an outdoor seating area.
Property Size27,431 SF
Price / SF$0.19
Days on Market10
Property Features for 10424 County Road 1099
General Information
Standard status
Active
Size
27,431 SF
Property subtype
Retail
Additional Details
Patio
Yes
Amenities
shared bathrooms on weekends only
open shared kitchen area
additional outdoor seating area
Building Details
Year Built
2002
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 20
Changed: Oct 29
Last Checked: Oct 28 at 1:56PM
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 Magnorum Realty Services, LLC
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Investment Insights
Based on property information with market context.
The retail property contains two leasable areas of approximately 2,500 square feet and 2,160 square feet. The interiors have an open layout, with shared kitchen facilities that may be used primarily by a tenant if agreed upon with the owner. Shared bathrooms are available on weekends.
An outdoor seating area is also available for tenant use. The building was constructed in 2002.
An outdoor seating area is also available for tenant use. The building was constructed in 2002.
Key Highlights
- Two leasable areas of approximately 2,500 square feet and 2,160 square feet
- Open interior layout
- Shared kitchen area; primary tenant use requires owner agreement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$441,377
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,827,540
$8.8M
Cap Rate 7%
$6,305,386
$6.3M
Cap Rate 9%
$4,904,189
$4.9M
Market Conditions
NOI Build-Up for 27,431 SF
Gross rent
$661.6K $24.12/SF
− Vacancy
−$31.1K −$1.13/SF
EGI
$630.5K $22.99/SF
− OpEx
−$189.2K −$6.90/SF
NOI
$441.4K $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 Rate 5%
$8,827,540
Cap Rate 7%
$6,305,386
Cap Rate 9%
$4,904,189
Alternative Uses
Best Use
Retail
$6.31M
$5.52M – $7.36M
NOI $441,377 @ 7.0% cap · market cap 8,455.50%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$27.26M
$23.85M – $31.80M
NOI $1,907,998 @ 7.0% cap · market cap 36,551.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
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Business Placement
Demographics for 75407, TX
25,738
Population
10,095
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
49.9 sq mi
ZIP Area
516
Density / Sq Mi
$92,076
Median Household Income
$48,912
Median Earnings
$1,867
Median Rent
$307,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two leasable areas share kitchen facilities and offer access to an outdoor seating area.
Where is this retail space located?
The property is located at 10424 County Road 1099 Princeton, TX.
What are key features of this property?
This property features: Two leasable areas of approximately 2,500 square feet and 2,160 square feet; Open interior layout; Shared kitchen area; primary tenant use requires owner agreement
