Freestanding Flex
211 Regency Drive, Wylie, TX 75098
For Sale
$1,790,000
CommercialSale, Wylie, TX
Property Size6,984 SF
Lot Size0.68 Acres
Price / SF$281.58
Days on Market174
Property Features for 211 Regency Drive
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Opportune Realty
Listed By:
Ari Besefki · License TX #0655788
(214) 662-1941
Added: May 24
Changed: Oct 20
Last Checked: Nov 13 at 7:06PM
MLS# 20813048
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding flex property was built in 2012 with brick construction, a metal roof, and concrete flooring. The layout includes two units, approximately 1,100 square feet of office space, and the balance configured as workshop warehouse area. The building has 14- to 18-foot ceiling heights and 2 phase-3 electrical power.
Central air, electric cooling, central heating, natural gas, and public sewer service support the property. The site encompasses 0.681 acres at 211 Regency Drive in Wylie, Texas, with parking and additional storage area identified in the property information.
Central air, electric cooling, central heating, natural gas, and public sewer service support the property. The site encompasses 0.681 acres at 211 Regency Drive in Wylie, Texas, with parking and additional storage area identified in the property information.
Key Highlights
- Two‑unit freestanding flex property at 211 Regency Drive, Wylie, TX 75098
- Approximately 1,100 SF of total office space
- Workshop warehouse area makes up the balance of the layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,619
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,612,380
$1.6M
Cap Rate 7%
$1,151,700
$1.2M
Cap Rate 9%
$895,767
$895.8K
Market Conditions
NOI Build-Up for 6,357 SF
Gross rent
$139.6K $21.96/SF
− Vacancy
−$32.1K −$5.05/SF
EGI
$107.5K $16.91/SF
− OpEx
−$26.9K −$4.23/SF
NOI
$80.6K $12.68/SF
Area
Collin County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,612,380
Cap Rate 7%
$1,151,700
Cap Rate 9%
$895,767
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,619 @ 7.0% cap · market cap 4.50%
Second Best
Flex RnD
$665.9K
$582.6K – $776.8K
NOI $46,610 @ 7.0% cap · market cap 2.60%
Theoretical Best
Multifamily LT 5
$1.60M
$1.40M – $1.86M
NOI $111,778 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75098, TX
67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Collin County, TX
Properties on Market for Flex space in Collin County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Brick flex property with office and workshop warehouse areas, central HVAC, concrete floors, and public sewer service.
Where is this flex space located?
The property is located at 211 Regency Drive Wylie, TX.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Two‑unit freestanding flex property at 211 Regency Drive, Wylie, TX 75098; Approximately 1,100 SF of total office space; Workshop warehouse area makes up the balance of the layout
