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    Renovated Office Space For Sale Title is generated by Realmo AI

    17768 Preston Rd, Addison, TX

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    6,446 SF office space in a desirable Dallas location.

    Type:OFFICE
    Property size:
    6,446 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $186/SF
    Added:
    Oct 13, 2023
    Days on Market:
    977
    Last Refresh:
    May 19 at 10:42 pm

    Property Features for 17768 Preston Rd

    General Information

    Standard status
    Active
    Size
    6,446 SF
    Lot size
    0.10 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 17768 Preston Rd Contact us

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    Listing Contact
    Karan Aulakh

    Listing agent Karan Aulakh License #0731346

    Listing office KARE - Investment Sales & Leasing

    Listing date Oct 13, 2023

    Source Moodyscre

    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 KARE - Investment Sales & Leasing

    HighLights

    • Fully renovated and exceptionally well‑maintained office space.
    • Benefit from a new roof and new HVAC system.
    • Excellent visibility within the Georgetown Office Community.
    • Ample parking available.
    • Flexible layouts suitable for medical, professional, or general office use.
    • Turnkey opportunity for owner‑occupancy or lease.

    Overview

    Available for sale is approximately 6,446 square feet of office space located at 17768 Preston Road, Addison, TX, within the Georgetown Office Community. The two-story brick building offers visibility and ample parking. The property features flexible layouts suitable for medical, professional, or general office use. It is exceptionally well-maintained and fully renovated, with a new roof and new HVAC. Currently owner-occupied, this property presents a turnkey opportunity.

    Local Financial Insights For Healthcare Medical

    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 $167.9k $26.04
    − Vacancy −$15.1k −$2.34
    EGI $152.7k $23.70
    − OpEx −$61.1k −$9.48
    NOI $91.6k $14.22
    6,446 SF · lease $26.04/SF/yr · vacancy 9.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $1.31M
    $1.15M – $1.53M (±1% cap)
    NOI $91,648 @ 7.0% cap · market cap 7.64%
    Second Best
    Office B
    $1.31M
    $1.14M – $1.52M (±1% cap)
    NOI $91,372 @ 7.0% cap · market cap 7.62%
    Theoretical Best
    Multifamily LT 5
    $77.27M
    $67.61M – $90.14M (±1% cap)
    NOI $5,408,616 @ 7.0% cap · market cap 451.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.8297
    Latitude
    32.9655

    FAQs

    What type of property is this?
    Office building - 6,446 SF office space in a desirable Dallas location.
    Where is this office building located?
    The property is located at 17768 Preston Rd Addison, TX.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Fully renovated and exceptionally well‑maintained office space.; Benefit from a new roof and new HVAC system.; Excellent visibility within the Georgetown Office Community.
    (469) 471-6413 Call to check price and availability
    More about this property
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