Professional Office
For Sale
Contact for pricing
123 W Princeton Drive #200, Princeton, TX 75407
A dedicated exterior entrance provides direct access for tenants and clients.
Property Size143 SF
Price / SF$10.62
Days on Market10
Property Features for 123 W Princeton Drive #200
General Information
Standard status
Active
Size
143 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Condition
Move-in Ready
Tenant in Place
Yes
Property Use
Professional Office
Amenities
restrooms
sinks
microwave facilities
Building Details
Year Built
2023
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 3:29PM
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 Magnorum Realty Services, LLC
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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.
This 143-square-foot office at The Business Center is arranged with an approximately 45.75-square-foot reception area and a 97.5-square-foot private office. Built in 2023, the unit has its own exterior entrance. Shared facilities include restrooms, sinks and microwave access, and on-site parking is available. Utilities are included.
The office is located at 123 W Princeton Drive in Princeton, along US Highway 380. The property has frontage on the highway, which carries approximately 36,000 vehicles per day. Exterior signage may be allowed in designated areas with landlord approval and subject to applicable terms and regulations.
The office is located at 123 W Princeton Drive in Princeton, along US Highway 380. The property has frontage on the highway, which carries approximately 36,000 vehicles per day. Exterior signage may be allowed in designated areas with landlord approval and subject to applicable terms and regulations.
Key Highlights
- 143 SF office with an approximately 45.75 SF reception area and 97.5 SF private office
- Frontage on US Highway 380, with approximately 36,000 vehicles per day
- Dedicated exterior entrance and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,814
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,280
$36.3K
Cap Rate 7%
$25,914
$25.9K
Cap Rate 9%
$20,156
$20.2K
Market Conditions
NOI Build-Up for 143 SF
Gross rent
$3.1K $21.96/SF
− Vacancy
−$722 −$5.05/SF
EGI
$2.4K $16.91/SF
− OpEx
−$605 −$4.23/SF
NOI
$1.8K $12.68/SF
Area
Collin County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,280
Cap Rate 7%
$25,914
Cap Rate 9%
$20,156
Alternative Uses
Best Use
Office B
$25.9K
$22.7K – $30.2K
NOI $1,814 @ 7.0% cap · market cap 119.50%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$142.1K
$124.3K – $165.8K
NOI $9,947 @ 7.0% cap · market cap 655.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 75407, TX
25,738
Population
10,095
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
49.9 sq mi
ZIP Area
516
Density / Sq Mi
$92,076
Median Household Income
$48,912
Median Earnings
$1,867
Median Rent
$307,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A dedicated exterior entrance provides direct access for tenants and clients.
Where is this office unit located?
The property is located at 123 W Princeton Drive #200 Princeton, TX.
What are key features of this property?
This property features: 143 SF office with an approximately 45.75 SF reception area and 97.5 SF private office; Frontage on US Highway 380, with approximately 36,000 vehicles per day; Dedicated exterior entrance and on‑site parking
