Office Building with Upstairs
8866 8866 State Highway 34 S S Quinlan, TX 75474
New
8866 8866 State Highway 34 S S, Quinlan, TX, 75474
$1,400,000
For Sale
$1,400,000
Existing building includes multiple offices and an upstairs apartment, positioned on prominent Hwy 34 frontage in Quinlan.
Property Size5,500 SF
Price / SF$254.55
Days on Market6
Property Features for 8866 8866 State Highway 34 S S
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 1976
Listing agency
Exit Realty Pinnacle Group
(972) 741-2421
Listed by
Kathy Hobbs · License #0417256
(972) 741-2421
Source
Xome
Added: Jul 17 Updated: Jul 18 at 2:51AM Checked: Jul 18 at 2:51AM
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 Exit Realty Pinnacle Group
Investment Insights
Based on property information with market context.
This for-sale property includes an existing office building situated on a large commercial lot, offering multiple offices that can be adapted for office, retail, or service use. The building also has an upstairs apartment. The property is currently used as an accounting office; the business itself is not for sale, and the seller will not make any updates to the building.
Located in Quinlan, the site is positioned for visibility along State Highway 34 with steady traffic per the seller’s remarks. Starbucks is located to the north, and retail development is on the south side along with Walmart and other businesses.
Prospective buyers should plan for verification of all information, as details are approximate and buyer/agent to confirm. Seller is offering the real estate only.
Located in Quinlan, the site is positioned for visibility along State Highway 34 with steady traffic per the seller’s remarks. Starbucks is located to the north, and retail development is on the south side along with Walmart and other businesses.
Prospective buyers should plan for verification of all information, as details are approximate and buyer/agent to confirm. Seller is offering the real estate only.
Key Highlights
- Existing building on a large commercial lot (.89 acres) with prominent Hwy 34 frontage in Quinlan
- Year built 1976; existing structure includes multiple offices and an upstairs apartment
- Suites current office use: currently used as an accounting office; building is for real estate only
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.7k | $24.12 |
| − Vacancy | −$6.2k | −$1.13 |
| EGI | $126.4k | $22.99 |
| − OpEx | −$37.9k | −$6.90 |
| NOI | $88.5k | $16.09 |
5,500 SF · lease $24.12/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.26M
$1.11M – $1.47M
NOI $88,497 @ 7.0% cap · market cap 6.32%
Second Best
Office B
$996.4K
$871.9K – $1.16M
NOI $69,750 @ 7.0% cap · market cap 4.98%
Theoretical Best
Industrial
$5.47M
$4.78M – $6.38M
NOI $382,560 @ 7.0% cap · market cap 27.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Existing building includes multiple offices and an upstairs apartment, positioned on prominent Hwy 34 frontage in Quinlan.
Where is this office building located?
The property is located at 8866 8866 State Highway 34 S S Quinlan, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Existing building on a large commercial lot (.89 acres) with prominent Hwy 34 frontage in Quinlan; Year built 1976; existing structure includes multiple offices and an upstairs apartment; Suites current office use: currently used as an accounting office; building is for real estate only
