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    1221 E University Dr Prosper, TX 75078

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    For Lease
    $42 SF/Yr

    Prime retail location in Prosper, TX, available November 2024.

    Property size:
    15,247 SF
    Lot size:
    1.48 Acres

    Property Features for 1221 E University Dr

    General Information

    Size
    15,247 SF
    Lot size
    1.48 Acres

    Source: LINC Commercial Realty Agent Najdi Rafaty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on University Drive

    This property, located on University Dr/Hwy 380 in Prosper, TX, offers high visibility and accessibility, making it suitable for retail or office use. The development, currently under construction, will be delivered as a shell in November of this year. Available space ranges from 1600 to 15,247 square feet. The location provides ample parking for tenants and clients. The spacious layout allows for customizations, providing a versatile space for businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.7879221
    Latitude
    33.2195384

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    FAQs

    What type of property is this?
    Retail space - Prime retail location in Prosper, TX, available November 2024.
    Where is this retail space located?
    The property is located at 1221 E University Dr Prosper, TX.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on University Dr/Hwy 380 in Prosper, TX.; - High visibility and accessibility ideal for retail or office.; - Customizable spacious layout available, ranging from 1600-15,247 SF.
    (310) 735-7980
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    Realmo Value Estimation

    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.

    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.

    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
    1221 E University Dr Prosper, TX 75078
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