Krugerville Retail Building For
For Sale
$899,000
5335 US Highway 377, Krugerville, TX 76227
Single-tenant building near Frisco with high-growth potential.
Property Size2,700 SF
Lot Size0.50 Acres
Price / SF$332.96
Days on Market929
Property Features for 5335 US Highway 377
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.50 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$4,618
Building Details
Year Built
1980
Listing Agency:
Gregorio Real Estate Company
(972) 834-5509
Listed By:
Rafael J Gregorio, Jr · License #0658777
(972) 834-5509
Source:
Exitrealty
Added: Jan 23, 2024
Changed: Aug 8
Last Checked: Apr 6 at 1:08AM
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 Gregorio Real Estate Company
Investment Insights
Based on property information with market context.
This single-story, 2,700-square-foot building is situated on a half-acre lot in a growing community north of Frisco. The property is currently tenant-occupied. Located on U.S. Highway 377, the site benefits from upcoming expansion by TXDOT, which will add more lanes and increase exposure. The building is located approximately 5 minutes from U.S. 380 and a Walmart Supercenter. It is also approximately 20 minutes from upcoming projects, including the PGA Headquarters, Frisco Fields, and Universal Studios Development. Intended use of the property is for commercial purposes.
Key Highlights
- Half‑acre lot in a growing community north of Frisco
- High‑exposure location due to TXDOT expansion of U.S. 377
- Conveniently located 5 minutes from U.S. 380 and Walmart Supercenter
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,816
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$896,320
$896.3K
Cap Rate 7%
$640,229
$640.2K
Cap Rate 9%
$497,956
$498.0K
Market Conditions
NOI Build-Up for 2,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.4K $24.96/SF
− Vacancy
−$3.4K −$1.25/SF
EGI
$64.0K $23.71/SF
− OpEx
−$19.2K −$7.11/SF
NOI
$44.8K $16.60/SF
Area
Denton County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$896,320
Cap Rate 7%
$640,229
Cap Rate 9%
$497,956
Alternative Uses
Best Use
Retail
$640.2K
$560.2K – $746.9K
NOI $44,816 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$37.76M
$33.04M – $44.05M
NOI $2,643,056 @ 7.0% cap · market cap 294.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76227, TX
47,118
Population
20,970
Households
2.2
Avg Household Size
33
Median Age
43%
College-Educated
96%
High-School Grad
78.4 sq mi
ZIP Area
601
Density / Sq Mi
$107,065
Median Household Income
$59,904
Median Earnings
$1,950
Median Rent
$376,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Single-tenant building near Frisco with high-growth potential.
Where is this storefront property located?
The property is located at 5335 US Highway 377 Krugerville, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Half‑acre lot in a growing community north of Frisco; High‑exposure location due to TXDOT expansion of U.S. 377; Conveniently located 5 minutes from U.S. 380 and Walmart Supercenter
