Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    615 Main St Frisco, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and restaurant spaces for lease in Frisco, TX.

    Type:RETAIL
    Property size:
    2,893 SF
    Lot size:
    2.80 Acres
    Added:
    Jan 10, 2025
    Days on Market:
    470
    Last Refresh:
    Apr 5 at 10:00 pm

    Property Features for 615 Main St

    General Information

    Standard status
    Active
    Size
    2,893 SF
    Lot size
    2.80 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 615 Main St Contact us

    We can help!

    Listing Contact
    Jake Sherrington
    Jake Sherrington

    Listing agent Jake Sherrington

    Listing office SHOP Companies - Corporate

    Listing date Jan 10, 2025

    Source Moodyscre

    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 SHOP Companies - Corporate

    Overview

    Retail and Restaurant Space Available

    Located at the northwest quadrant of FM-423 and Main Street in Frisco, Texas, this property offers retail and restaurant opportunities. Main Street Crossing is a strip center with 24,000 square feet of space. The property benefits from ample parking and strong demographics in the surrounding neighborhoods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Daniel Kou Dental Office Rory Allen Pediatrician MyFitMed: Testosterone & Weight ... Medical Clinic Rory Lamar Allen Pediatrician Dr. Julio Olivieri Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.8882
    Latitude
    33.1529

    Nearby Similar for Lease

    • $3,300/Mo

      Frisco Office Space Available

      Well-positioned office space in Frisco's thriving business community.
      400 Stonebrook Parkway, Frisco, TX 75036
      View Details
    • $4,550/Mo

      Frisco Office Condo For Rent

      1,542 SF office condo in prime Frisco location.
      11619 Independence Parkway, Frisco, TX 75035
      View Details
    • $4,175/Mo

      Frisco Retail Space For Rent

      Prime retail location in the heart of West Frisco.
      3500 Victory Group Way, Frisco, TX 75034
      View Details
    • $8,167/Mo

      Frisco Office/Medical Building For Lease

      Move-in ready office/medical building in Frisco, TX available for lease.
      425 Old Newman Road, Frisco, TX 75036
      View Details
    • $1,050/Mo

      Modern Office Condo in Frisco

      Move-in ready office space in a prime Frisco location.
      7846 Preston Road, Frisco, TX 75034
      View Details
    • $3,684/Mo

      New Office Space in Frisco

      Newly constructed office space with high-end finishes in Frisco.
      7101 Custer Road, Frisco, TX 75035
      View Details
    • $3,000/Mo

      Frisco Office Condo For Rent

      Corner office condo with natural light in Frisco, Texas.
      8668 John Hickman Parkway, Frisco, TX 75034
      View Details
    • $2,995/Mo

      Retail Space in Downtown Frisco

      Corner lot retail space near Main Street in Frisco, TX.
      9021 3rd Street, Frisco, TX 75033
      View Details
    • $799/Mo

      Centennial Park Flex Offices

      Adaptable office spaces with modern amenities and convenient location.
      4633 Coit Road, Frisco, TX 75035
      View Details
    • $1,750/Mo

      Downtown Frisco Office Space

      Office space in downtown Frisco with two entrances.
      6726 Main Street, Frisco, TX 75033
      View Details
    • $1,995/Mo

      Turnkey Office Space in Frisco

      Prime Frisco location, flexible floor plan, easy highway access.
      8765 Stockard Drive, Frisco, TX 75034
      View Details
    • $2,500/Mo

      Upscale Frisco Professional Office Condo

      Prime Frisco office condo near FM 423 and Stonebrook Pkwy.
      425 Old Newman Road, Frisco, TX 75036
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail and restaurant spaces for lease in Frisco, TX.
    Where is this strip mall located?
    The property is located at 615 Main St Frisco, TX.
    What are key features of this property?
    This property features: Highly visible and accessible location at the NWQ of FM‑423 and Main St in Frisco, TX.; Retail and restaurant opportunities available.; 24K SF strip center.
    (214) 960-4623 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jake Sherrington
    Jake Sherrington
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!