Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1911 Fm 423 Frisco, TX 75033

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for lease in Frisco, Texas.

    Property size:
    656 SF
    Lot size:
    1.15 Acres

    Property Features for 1911 Fm 423

    General Information

    Size
    656 SF
    Lot size
    1.15 Acres

    We can help!

    Listing Contact
    Mike Huge
    Source: Moodyscre

    Listing Agent: Mike Huge

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

    Learn more

    Overview

    Office Space in Frisco, TX

    Office space is available for lease. Phase II is scheduled for delivery in November/December 2023. The first floor offers 4,970 square feet, and the second floor has 1,325 square feet available. Building signage and monument signage are available. Parking is available to accommodate 51 cars, with a ratio of 4.6:1000. The property features an ESFR sprinkler system for fire safety and energy-efficient foam-filled walls designed to reduce utility bills. The property size is 656 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.8900768
    Latitude
    33.1596171

    Nearby Similar for Lease

    • $7,827 /Mo
      7,492 SF

      Frisco Office Space For Lease

      Office space suitable for office, medical, or salon use.
      7010 Ash St, Frisco, TX 75034
      View Details
    • $39 SF/Yr
      96,790 SF

      Retail Space in Frisco Corners

      Move-in ready retail space in a high-traffic Frisco location.
      8837 Lebanon Rd, Frisco, TX 75034
      View Details
    • $2,500 /Mo
      118,187 SF

      Upscale Frisco Professional Office Condo

      Prime Frisco office condo near FM 423 and Stonebrook Pkwy.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
    • $26 SF/Yr
      76,491 SF

      Frisco Office Space on Preston

      Office space with retail exposure on high-traffic Preston Road.
      4783 Preston Rd, Frisco, TX 75034
      View Details
    • $1,299 /Mo
      1,100 SF

      Adaptable Flex Offices in Frisco

      Flexible office spaces with modern amenities and convenient location.
      4633 Coit Rd, Frisco, TX 75035
      View Details
    • $3,000 /Mo
      155,074 SF

      Premier Office Space in Frisco

      Highly visible office space in a rapidly growing North Texas area.
      7000 Parkwood Blvd, Frisco, TX 75034
      View Details
    • $35 SF/Yr
      81,544 SF

      Retail Space in Frisco Corners

      Move-in ready retail space with flexible lease terms.
      8715 Lebanon Rd, Frisco, TX 75034
      View Details
    • $5,550 /Mo

      Frisco Office Condo for Rent

      1,542 SF office condo in prime Frisco location.
      11619 Independence Pkwy, Frisco, TX 75035
      View Details
    • $2,500 /Mo
      4 SF

      Move-in Ready Frisco Office Condo

      Finished office condo in prime Frisco location near Highway 423.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
    • $3,600 /Mo
      154,507 SF

      Frisco Office Space For Lease

      Office space for lease in a prime Frisco location.
      8000 Preston Rd, Frisco, TX 75034
      View Details
    • $2,900 /Mo
      4 SF

      Frisco Office Space for Lease

      Office space in the heart of Frisco available for lease.
      8668 John Hickman Pkwy, Frisco, TX 75034
      View Details
    • $30 SF/Yr

      Move-in Ready Office Space Frisco

      Newly constructed office space in prime Frisco location for rent.
      7884 Preston Rd, Frisco, TX 75034
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Frisco, Texas.
    Where is this office space located?
    The property is located at 1911 Fm 423 Frisco, TX.
    What are key features of this property?
    This property features: - Parking ratio to accommodate 51 cars (4.6:1000); - Building Signage Available; - Monument Signage Available
    (469) 759-0212
    Request Owner's contact information
    1911 Fm 423 Frisco, TX 75033
    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.
    1911 Fm 423
    Frisco, TX 75033
    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
    1911 Fm 423 Frisco, TX 75033
    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

    We can help!
    Listing Contact
    Mike Huge
    (469) 759-0212
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.