Add Listing
    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

    16091 Fm 423 Frisco, TX 75033

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Warehouse space with front park and rear load capabilities.

    Building Details

    Year built
    2023

    We can help!

    Listing Contact
    Brett Lewis, Sior
    Source: Lee-associates

    Listing Agent: Brett Lewis, Sior

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

    Learn more

    Property Insight Report

    Overview

    Frisco Warehouse with Secured Truck

    This warehouse property, offering 262354 square feet of space, is located at the northwest corner of FM 423 and Rockhill Parkway. It features a front park and rear load configuration. A key highlight of the property is the ability to fully secure the truck court.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    CubeSmart Self Storage, Nearby Self Storage Units, Self Storage, Nearby Storage Units - Little Elm, TX, Self Storage Near Little Elm

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.8856214
    Latitude
    33.1944073

    Nearby Similar for Lease

    • New
      $2,500 /Mo
      4 SF

      Move-In Ready Frisco Office Condo

      Finished office condo in prime Frisco location, ready for occupancy.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
    • New
      $3,450 /Mo
      1,150 SF

      Frisco Office Space For Rent

      Well-positioned office space in Frisco's thriving business community.
      400 Stonebrook Pkwy, Frisco, TX 75036
      View Details
    • $8,167 /Mo
      118,178 SF

      Frisco Office/Medical Building For Lease

      Move-in ready office/medical building in Frisco, TX available for lease.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
    • $3,684 /Mo
      373,614 SF

      New Office Space in Frisco

      Newly constructed office space with high-end finishes in Frisco.
      7101 Custer Rd, Frisco, TX 75035
      View Details
    • New
      $2,475 /Mo
      81,849 SF

      Contemporary Office in Prime Location

      Corner office space in the heart of Frisco, Texas.
      5454 Surrey Path, Frisco, TX 75034
      View Details
    • $1,050 /Mo
      1,187 SF

      Modern Office Condo in Frisco

      Move-in ready office space in a prime Frisco location.
      7846 Preston 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
    • $40 SF/Yr
      19,998 SF

      New Mixed-Use Retail Space

      Brand-new retail and office spaces in a prime Frisco location.
      10402 Coit Rd, Frisco, TX 75035
      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
    • $1,995 /Mo
      1,163 SF

      Turnkey Office Space in Frisco

      Prime Frisco location, flexible floor plan, easy highway access.
      8765 Stockard Dr, Frisco, TX 75034
      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
    • $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

    FAQs

    What type of property is this?
    Warehouse - Warehouse space with front park and rear load capabilities.
    Where is this warehouse located?
    The property is located at 16091 Fm 423 Frisco, TX.
    What are key features of this property?
    This property features: - Located at the NW Corner of FM 423 & Rockhill Pkwy; - Front Park Rear Load; - Ability to Fully Secure Truck Court
    (214) 669-1717
    Request Owner's contact information
    16091 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.
    16091 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
    16091 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
    Brett Lewis, Sior
    (214) 669-1717
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!