Finished Office Condominium
New
For Sale
$930,150
4433 Punjab Way #302, Frisco, TX 75033
Configured with private executive accommodations, multiple offices, conference space, and an open central area.
Property Size2,067 SF
Price / SF$450
Days on Market5
Property Features for 4433 Punjab Way #302
General Information
Standard status
Active
Size
2,067 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Year Built
2017
Listing Agency:
Wesley Armstrong, Midwest Land Group LLC
(817) 783-9497
Listed By:
Christine Beckendorf
(817) 783-9497
Source:
Txluxere
Added: Aug 25
Changed: Aug 27
Last Checked: Aug 29 at 9:05AM
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 Wesley Armstrong, Midwest Land Group LLC
Investment Insights
Based on property information with market context.
This 2,067-square-foot office condominium at 4433 Punjab Way #302 features a professionally finished interior with wood-look ceramic tile and designer Sherwin-Williams paint. The layout includes a private executive suite with an attached bathroom, one large office, two standard offices, one small office, and a glass-enclosed cabin sized for two staff members. A formal conference room, kitchenette, large storage cabinet, and separate storage room add practical support space. The storage room can also function as another private office. A broad central area provides flexible space for reception, meetings, or collaborative use, while the suite includes three total restrooms.
Built in 2017, the property is positioned near Main Street and Legacy Drive in Frisco, with access to the Dallas North Tollway. Its office configuration and existing improvements support professional, medical, legal, and corporate uses identified in the property information.
Built in 2017, the property is positioned near Main Street and Legacy Drive in Frisco, with access to the Dallas North Tollway. Its office configuration and existing improvements support professional, medical, legal, and corporate uses identified in the property information.
Key Highlights
- 2,067 SF office condominium at 4433 Punjab Way #302
- Private executive suite with attached bathroom
- One large office, two standard offices, one small office, and a two‑person glass‑door cabin
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
$42,404
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
4.56%
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%
$848,080
$848.1K
Cap Rate 7%
$605,771
$605.8K
Cap Rate 9%
$471,156
$471.2K
Market Conditions
NOI Build-Up for 2,067 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
$65.0K $31.44/SF
− Vacancy
−$8.4K −$4.09/SF
EGI
$56.5K $27.35/SF
− OpEx
−$14.1K −$6.84/SF
NOI
$42.4K $20.51/SF
Area
Frisco, TX
Vacancy
13.00%
Lease Rate
$31.44 /SF/Yr
Expense Ratio
25.00%
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%
$848,080
Cap Rate 7%
$605,771
Cap Rate 9%
$471,156
Alternative Uses
Best Use
Office B
$605.8K
$530.1K – $706.7K
NOI $42,404 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$806.5K
$705.7K – $940.9K
NOI $56,452 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 75033, TX
45,347
Population
16,717
Households
2.7
Avg Household Size
35
Median Age
65%
College-Educated
96%
High-School Grad
21.9 sq mi
ZIP Area
2,071
Density / Sq Mi
$171,640
Median Household Income
$75,703
Median Earnings
$2,055
Median Rent
$606,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured with private executive accommodations, multiple offices, conference space, and an open central area.
Where is this office units located?
The property is located at 4433 Punjab Way #302 Frisco, TX.
What is the asking price?
The asking price for this property is $930,150.
What are key features of this property?
This property features: 2,067 SF office condominium at 4433 Punjab Way #302; Private executive suite with attached bathroom; One large office, two standard offices, one small office, and a two‑person glass‑door cabin
