Warehouse Property with Covered
New
For Sale
Contact for pricing
15841 OLD DAIRY FARM Road, Prosper, TX 75078
Open ground accompanies a barn-style storage building and a separate covered area.
Property Size43,734 SF
Price / SF$0.07
Days on Market5
Property Features for 15841 OLD DAIRY FARM Road
General Information
Standard status
Active
Size
43,734 SF
Property subtype
Warehouse
Additional Details
Highway Access
Yes
Building Details
Year Built
1990
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:43PM
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 Magnorum Realty Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
In Prosper, this warehouse property includes an approximately 1,200-square-foot barn and storage building, along with about 300 square feet of covered space. Open ground provides additional area alongside the existing structures.
The property is described as having access to US-380. Zoning, permitted uses, restrictions, utilities, access, and required approvals are subject to verification with the appropriate authorities.
The property is described as having access to US-380. Zoning, permitted uses, restrictions, utilities, access, and required approvals are subject to verification with the appropriate authorities.
Key Highlights
- Approximately 1,200 SF barn and storage building
- About 300 SF of covered area
- Open ground accompanies the existing structures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$304,120
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,082,400
$6.1M
Cap Rate 7%
$4,344,571
$4.3M
Cap Rate 9%
$3,379,111
$3.4M
Market Conditions
NOI Build-Up for 43,734 SF
Gross rent
$393.6K $9.00/SF
− Vacancy
−$35.8K −$0.82/SF
EGI
$357.8K $8.18/SF
− OpEx
−$53.7K −$1.23/SF
NOI
$304.1K $6.95/SF
Area
Collin County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,082,400
Cap Rate 7%
$4,344,571
Cap Rate 9%
$3,379,111
Alternative Uses
Best Use
Warehouse
$4.34M
$3.80M – $5.07M
NOI $304,120 @ 7.0% cap · market cap 10,486.90%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$43.46M
$38.02M – $50.70M
NOI $3,041,975 @ 7.0% cap · market cap 104,895.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75078, TX
38,980
Population
14,409
Households
2.7
Avg Household Size
34
Median Age
63%
College-Educated
97%
High-School Grad
31.6 sq mi
ZIP Area
1,234
Density / Sq Mi
$187,634
Median Household Income
$82,714
Median Earnings
$2,284
Median Rent
$650,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Celina Park-It — 16251 Parvin Rd, Prosper, TX 75078
Frequently Asked Questions
What type of property is this?
Warehouse - Open ground accompanies a barn-style storage building and a separate covered area.
Where is this warehouse located?
The property is located at 15841 OLD DAIRY FARM Road Prosper, TX.
What are key features of this property?
This property features: Approximately 1,200 SF barn and storage building; About 300 SF of covered area; Open ground accompanies the existing structures
