Office Building with Conference
For Sale
Contact for pricing
1762 Keller Pkwy, Keller, TX 76248
Professional office layout with private work areas, reception space, and a dedicated meeting room.
Property Size3,300 SF
Price / SF$397
Days on Market636
Property Features for 1762 Keller Pkwy
General Information
Standard status
Active
Size
3,300 SF
Property subtype
OFFICE
Amenities
4 Private offices
Reception area
Conference Room
Listing Agency:
SVN | Trinity Advisors
(972) 765-0886
Listed By:
Matt Matthews · License #0667871
(972) 765-0886
Source:
Moodyscre
Added: Dec 2, 2024
Changed: Aug 30
Last Checked: Aug 30 at 6:29AM
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 SVN | Trinity Advisors
Investment Insights
Based on property information with market context.
This 3,300-square-foot office building at 1762 Keller Pkwy in Keller, Texas, is configured for professional operations with four enclosed offices, a reception area, and a conference room. The layout provides a defined front-of-house arrival area alongside private workspace and shared meeting space.
The property fronts Keller Pkwy, where traffic volume is reported at 41,000 vehicles per day. Its existing office configuration supports a straightforward move-in plan for an owner-user or professional office operation.
The property fronts Keller Pkwy, where traffic volume is reported at 41,000 vehicles per day. Its existing office configuration supports a straightforward move-in plan for an owner-user or professional office operation.
Key Highlights
- 3,300‑square‑foot office building
- Four private offices
- Reception area for visitor arrival
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
$45,887
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
3.50%
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%
$917,740
$917.7K
Cap Rate 7%
$655,529
$655.5K
Cap Rate 9%
$509,856
$509.9K
Market Conditions
NOI Build-Up for 3,300 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
$81.6K $24.72/SF
− Vacancy
−$20.4K −$6.18/SF
EGI
$61.2K $18.54/SF
− OpEx
−$15.3K −$4.64/SF
NOI
$45.9K $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%
$917,740
Cap Rate 7%
$655,529
Cap Rate 9%
$509,856
Alternative Uses
Best Use
Office B
$655.5K
$573.6K – $764.8K
NOI $45,887 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$46.15M
$40.38M – $53.84M
NOI $3,230,402 @ 7.0% cap · market cap 246.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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Frequently Asked Questions
What type of property is this?
Office building - Professional office layout with private work areas, reception space, and a dedicated meeting room.
Where is this office building located?
The property is located at 1762 Keller Pkwy Keller, TX.
What is the asking price?
The asking price for this property is $1,310,100.
What are key features of this property?
This property features: 3,300‑square‑foot office building; Four private offices; Reception area for visitor arrival
