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    Prime Retail Space in Frisco Title is generated by Realmo AI

    4444 Felix Way, Frisco, TX 75033

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    Claim this Listing
    For Lease
    $6,160/Mo $48 SF/Yr (calc)

    Retail space ideal for coffee shop in Newman Village.

    Type:Rental
    Property size:
    1,540 SF
    Lot size:
    0.04 Acres
    Added:
    Nov 2, 2024
    Days on Market:
    574
    Last Refresh:
    May 20 at 2:40 am

    Property Features for 4444 Felix Way

    General Information

    Standard status
    Active
    Size
    1,540 SF
    Lot size
    0.04 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    2020

    We can help!

    Listing Contact
    Chad Brubaker

    Listing agent Chad Brubaker License #0647662

    Listing office Newman Real Estate Inc.

    Listing date Nov 2, 2024

    Source Exitrealty

    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 Newman Real Estate Inc.

    HighLights

    • Prime location in Newman Village, West Frisco, near major roads with high commuter traffic.
    • Walking distance to upscale townhomes and apartments, providing a consistent customer base.
    • High‑income demographic within a 2‑mile radius.
    • Proximity to the new Universal Kids family entertainment venue.
    • Landlord‑provided tenant improvement options, allowing for customization of the 1540 sq. ft. space.
    • Built in 2020, the retail space is relatively new.

    Overview

    The 1540 sq. ft. retail space is located at 4444 Felix Way in Newman Village, West Frisco. The location benefits from neighborhood traffic and commuter flow on Eldorado Parkway and Legacy Drive, which see over 51,000 vehicles per day. It is within walking distance of Centre Living townhomes and apartments. The surrounding area has approximately 17,000 people in nearly 5,000 households within a 2-mile radius, with an average household income exceeding $150,000. The location is suitable for a premium coffee shop. The Universal Kids family entertainment venue is opening nearby, which will draw families from all over. Landlord-provided tenant improvement options are available. The space can be tailored to create a cozy, inviting atmosphere. The location has the potential to become a part of Newman Village’s community. The property is intended for use as a coffee shop, restaurant, or retail space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Mochas & Javas — 11660 Legacy Dr #1996, Frisco, TX 75034
    • Starbucks — 11999 Dallas Pkwy, Frisco, TX 75034
    • Starbucks — 4884 Eldorado Pkwy, Frisco, TX 75034
    • Bahama Buck's - Frisco — 11288 Legacy Dr, Frisco, TX 75033
    • Starbucks — 5722 Eldorado Pkwy, Frisco, TX 75033

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.8233
    Latitude
    33.1589

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    FAQs

    What type of property is this?
    Coffee shop - Retail space ideal for coffee shop in Newman Village.
    Where is this coffee shop located?
    The property is located at 4444 Felix Way Frisco, TX.
    What is the lease rate?
    The lease rate is $6,160 /Mo.
    What are key features of this property?
    This property features: Prime location in Newman Village, West Frisco, near major roads with high commuter traffic.; Walking distance to upscale townhomes and apartments, providing a consistent customer base.; High‑income demographic within a 2‑mile radius.
    (214) 642-1254
    We can help!
    Listing Contact
    Chad Brubaker
    Real Estate License ID: 0647662
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    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.

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