Office Unit with Open Work
New
For Sale
Contact for pricing
202 N Allen Drive #D, Allen, TX 75013
A flexible interior combines a spacious common area with enclosed offices and two separate entrances.
Property Size2,311 SF
Price / SF$1.23
Days on Market4
Property Features for 202 N Allen Drive #D
General Information
Standard status
Active
Size
2,311 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1984
Listing Agency:
Allen Properties Online
(972) 727-0000
Listed By:
Darrin Williams · License #0460425
(972) 754-5860
Source:
Momentusrealestategroup
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:10AM
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 Allen Properties Online
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Investment Insights
Based on property information with market context.
This 2,311-square-foot office unit pairs a large open area with surrounding offices, creating a mix of shared and enclosed workspace. Two entrances serve the suite. The configuration supports office or retail use.
The property is at 202 N Allen Drive in downtown Allen, near the library. Built in 1984, the unit offers a defined workspace layout within a downtown setting.
The property is at 202 N Allen Drive in downtown Allen, near the library. Built in 1984, the unit offers a defined workspace layout within a downtown setting.
Key Highlights
- 2,311 square feet of office space
- Large open area encircled by offices
- Two separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,159
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,180
$563.2K
Cap Rate 7%
$402,271
$402.3K
Cap Rate 9%
$312,878
$312.9K
Market Conditions
NOI Build-Up for 2,311 SF
Gross rent
$50.2K $21.72/SF
− Vacancy
−$12.6K −$5.47/SF
EGI
$37.5K $16.25/SF
− OpEx
−$9.4K −$4.06/SF
NOI
$28.2K $12.18/SF
Area
Allen, TX
Vacancy
25.20%
Lease Rate
$21.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,180
Cap Rate 7%
$402,271
Cap Rate 9%
$312,878
Alternative Uses
Best Use
Office B
$402.3K
$352.0K – $469.3K
NOI $28,159 @ 7.0% cap · market cap 988.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$612.6K
$536.0K – $714.7K
NOI $42,879 @ 7.0% cap · market cap 1,504.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,797
Businesses Nearby
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Business Placement
Demographics for 75013, TX
48,360
Population
18,341
Households
2.6
Avg Household Size
37
Median Age
65%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,224
Density / Sq Mi
$151,618
Median Household Income
$77,367
Median Earnings
$1,810
Median Rent
$561,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible interior combines a spacious common area with enclosed offices and two separate entrances.
Where is this office unit located?
The property is located at 202 N Allen Drive #D Allen, TX.
What are key features of this property?
This property features: 2,311 square feet of office space; Large open area encircled by offices; Two separate entrances
