New-Construction Retail
1221 E University Dr, Prosper, TX 75078
For Sale
New
$6,632,010
Preston Road and the Dallas North Tollway provide convenient connections from the property.
Property Size15,246 SF
Price / SF$435
Days on Market2
Property Features for 1221 E University Dr
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Highway Access
Building Details
Year Built
Listing Agency:
Zenappy Realty. Contact:
(678) 477-8995
Listed By:
Sasidhar Kaligotla · License #0749528
(214) 430-2895
Source:
Realroost
Added: Nov 6
Last Checked: Nov 6 at 8:08AM
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 Zenappy Realty. Contact:
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this retail property contains approximately 15,246 square feet. Its location along US-380, also identified as University Drive, places the space on a corridor carrying approximately 43,892 vehicles per day.
Preston Road and the Dallas North Tollway are accessible from the property, and The Gates of Prosper is nearby. Residential and commercial development surrounds the site.
Preston Road and the Dallas North Tollway are accessible from the property, and The Gates of Prosper is nearby. Residential and commercial development surrounds the site.
Key Highlights
- Approximately 15,246 square feet of retail space
- Built in 2026
- Along US‑380/University Drive, with approximately 43,892 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$245,315
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,906,300
$4.9M
Cap Rate 7%
$3,504,500
$3.5M
Cap Rate 9%
$2,725,722
$2.7M
Market Conditions
NOI Build-Up for 15,246 SF
Gross rent
$367.7K $24.12/SF
− Vacancy
−$17.3K −$1.13/SF
EGI
$350.5K $22.99/SF
− OpEx
−$105.1K −$6.90/SF
NOI
$245.3K $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%
$4,906,300
Cap Rate 7%
$3,504,500
Cap Rate 9%
$2,725,722
Alternative Uses
Best Use
Retail
$3.50M
$3.07M – $4.09M
NOI $245,315 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$15.15M
$13.26M – $17.67M
NOI $1,060,455 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
43,892 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
173k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 72%
Shops & Services 25%
Beauty & Spa 2%
T.J. Maxx
Apparel
43,982 visits/mo
0.5 miles
Five Below
Shops & Services
28,068 visits/mo
0.4 miles
Old Navy
Apparel
27,585 visits/mo
0.5 miles
Burlington
Apparel
26,745 visits/mo
0.4 miles
Ross Dress for Less
Apparel
22,441 visits/mo
0.5 miles
Demographics for 75078, TX
38,980
Population
14,409
Households
2.7
Avg Household Size
34
Median Age
63%
College-Educated
97%
High-School Grad
31.6 sq mi
ZIP Area
1,234
Density / Sq Mi
$187,634
Median Household Income
$82,714
Median Earnings
$2,284
Median Rent
$650,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Collin County, TX
Properties on Market for Retail space in Collin County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Preston Road and the Dallas North Tollway provide convenient connections from the property.
Where is this retail space located?
The property is located at 1221 E University Dr Prosper, TX.
What is the asking price?
The asking price for this property is $6,632,010.
What are key features of this property?
This property features: Approximately 15,246 square feet of retail space; Built in 2026; Along US‑380/University Drive, with approximately 43,892 vehicles per day
