Flexible Flex Space
For Sale
Contact for pricing
125 W Princeton Dr, Princeton, TX 75407
Commercial suite with existing utility and life-safety infrastructure for medical, office, retail, and activity-based uses.
Property Size1,050 SF
Price / SF$285.71
Days on Market129
Property Features for 125 W Princeton Dr
General Information
Standard status
Active
Size
1,050 SF
Class
C
Property subtype
Retail, Office
Zoning
C1
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$22,050
Building Details
Year Built
2005
Year Renovated
2014
Stories
1
Units
3
Tenancy
Single
Listing Agency:
Compass Dallas
Listed By:
Chris DiGino · License #0564026
(940) 228-6221
Source:
Crexi
Added: Apr 27
Changed: Aug 30
Last Checked: Sep 2 at 4:29AM
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 Compass Dallas
Investment Insights
Based on property information with market context.
Suite 200 at 125 W Princeton Dr offers 1,050 square feet of flex space within a 2005-built property. The space includes a 12-foot ceiling plate, electrical service, plumbing, and an existing fire suppression system, providing a finished infrastructure base for a range of commercial applications.
The property is zoned C1 and located in Princeton, Texas. Potential uses identified for the space include medical, office, retail, children-related activities, a gym, martial arts instruction, and a learning center.
The property is zoned C1 and located in Princeton, Texas. Potential uses identified for the space include medical, office, retail, children-related activities, a gym, martial arts instruction, and a learning center.
Key Highlights
- 1,050 SF flex space in Suite 200
- 12' ceiling plate
- Electricity and plumbing already in place
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
$16,895
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
5.63%
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%
$337,900
$337.9K
Cap Rate 7%
$241,357
$241.4K
Cap Rate 9%
$187,722
$187.7K
Market Conditions
NOI Build-Up for 1,050 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
$25.3K $24.12/SF
− Vacancy
−$1.2K −$1.13/SF
EGI
$24.1K $22.99/SF
− OpEx
−$7.2K −$6.90/SF
NOI
$16.9K $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 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%
$337,900
Cap Rate 7%
$241,357
Cap Rate 9%
$187,722
Alternative Uses
Best Use
Industrial
$1.04M
$912.9K – $1.22M
NOI $73,034 @ 7.0% cap · market cap 24.34%
Second Best
Retail
$241.4K
$211.2K – $281.6K
NOI $16,895 @ 7.0% cap · market cap 5.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial suite with existing utility and life-safety infrastructure for medical, office, retail, and activity-based uses.
Where is this flex space located?
The property is located at 125 W Princeton Dr Princeton, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,050 SF flex space in Suite 200; 12' ceiling plate; Electricity and plumbing already in place
