Single-Story Office
For Sale
$3,250,000
1727 Keller Parkway, Keller, TX 76248
Single-story office building on a large lot with strong access and frontage for professional use.
Property Size8,655 SF
Lot Size1.15 Acres
Price / SF$375.51
Days on Market90
Property Features for 1727 Keller Parkway
General Information
Standard status
Active
Size
8,655 SF
Lot size
1.15 Acres
Property subtype
Commercial
Zoning
Commercial Office
Additional Details
Road Access
Yes
Office Units
30
Building Details
Building Size
8,655 SF
Year Built
2002
Stories
1
Units
1
Listing Agency:
Berkshire HathawayHS Worldwide
(817) 379-3111
Listed By:
Ellen Johnston
(817) 992-6400
Source:
Cornerstonehomeandranch
Added: Jun 12
Changed: Sep 8
Last Checked: Sep 8 at 8:24AM
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 Berkshire HathawayHS Worldwide
Investment Insights
Based on property information with market context.
This single-story office building offers 8,655 SF (per plans) of functional workspace configured with 30 individual offices, many positioned along the perimeter with windows. The interior includes a spacious lobby with a fireplace, multiple staff work options such as a large workroom, a small workroom, and a versatile flex room with a fireplace. Additional features include a kitchen adjoining the flex room, two separate two-stall restrooms, and three interior storage rooms. A rare floored walk-up attic provides approximately 1,800 SF for additional storage and possible expansion.
The property is located on a 1.1486-acre lot with prime Keller Parkway frontage and easy ingress and egress. It is positioned along a heavily traveled FM 1709 corridor, supported by the wide frontage and visibility described in the remarks.
With a layout that supports both private office use and shared meeting or training needs, the building can fit professional office tenants seeking a perimeter-window office mix and multiple common work areas. The interior storage rooms and substantial attic storage can be useful for organizations that need flexible back-of-house space, while the onsite lobby and fireplaces provide a defined welcome and work environment.
The property is located on a 1.1486-acre lot with prime Keller Parkway frontage and easy ingress and egress. It is positioned along a heavily traveled FM 1709 corridor, supported by the wide frontage and visibility described in the remarks.
With a layout that supports both private office use and shared meeting or training needs, the building can fit professional office tenants seeking a perimeter-window office mix and multiple common work areas. The interior storage rooms and substantial attic storage can be useful for organizations that need flexible back-of-house space, while the onsite lobby and fireplaces provide a defined welcome and work environment.
Key Highlights
- 8,655 SF single‑story office building (per plans) built in 2002 on a 1.1486‑acre lot
- Frontage on heavily traveled FM 1709 with easy ingress and egress
- Layout includes 30 individual offices, with most offices along the perimeter and windows
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
$120,348
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
3.70%
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%
$2,406,960
$2.4M
Cap Rate 7%
$1,719,257
$1.7M
Cap Rate 9%
$1,337,200
$1.3M
Market Conditions
NOI Build-Up for 8,655 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
$214.0K $24.72/SF
− Vacancy
−$53.5K −$6.18/SF
EGI
$160.5K $18.54/SF
− OpEx
−$40.1K −$4.64/SF
NOI
$120.3K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /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%
$2,406,960
Cap Rate 7%
$1,719,257
Cap Rate 9%
$1,337,200
Alternative Uses
Best Use
Office B
$1.72M
$1.50M – $2.01M
NOI $120,348 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$121.04M
$105.91M – $141.21M
NOI $8,472,464 @ 7.0% cap · market cap 260.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 76248, TX
40,894
Population
14,749
Households
2.8
Avg Household Size
42
Median Age
60%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
2,588
Density / Sq Mi
$169,391
Median Household Income
$77,224
Median Earnings
$1,979
Median Rent
$545,100
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?
Office building - Single-story office building on a large lot with strong access and frontage for professional use.
Where is this office building located?
The property is located at 1727 Keller Parkway Keller, TX.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 8,655 SF single‑story office building (per plans) built in 2002 on a 1.1486‑acre lot; Frontage on heavily traveled FM 1709 with easy ingress and egress; Layout includes 30 individual offices, with most offices along the perimeter and windows
