Corner Office Unit
For Sale
$475,000
2120 Prairie Drive, Prosper, TX 75078
CommercialSale, Prosper, TX
Property Size1,187 SF
Lot Size0.03 Acres
Price / SF$400.17
Days on Market47
Property Features for 2120 Prairie Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Property condition
Under Construction
Zoning description
Class B - New! One level. Suburb. Minutes from shopping, dining and entertainment. Medical, Professional
Subdivision
THE OFFICES AT PROSPER 380
Directions
SEE GPS
Standard status
Active
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
THE OFFICES AT PROSPER 380 (CPR), BLDG 9, UNIT 902
Legal Description
THE OFFICES AT PROSPER 380 (CPR), BLDG 9, UNIT 902
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
Reception Area
Conference Room
Modern Kitchen
Private Restroom
Private Offices
Professional Signage opportunities
Building Details
Year built
2026
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Brick, StoneVeneer, Stucco
Roof type
Composition
Listing Agency:
REKonnection, LLC
(972) 914-0989
Listed By:
Amit Mahadar · License #0754810
(214) 850-8813
Added: Aug 13
Changed: Sep 14
Last Checked: Sep 28 at 10:06AM
MLS# 21358530
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.
Investment Insights
Based on property information with market context.
Office Unit 902 occupies a corner position in Building One at The Offices at Prosper 380. The 1,187-square-foot suite is identified as a 2026 build and includes a reception area, conference room, kitchen, private restroom, and three private offices. Central HVAC, electric service, vinyl flooring, and large windows complete the interior buildout, while brick, stone veneer, stucco, and a composition roof are listed among the building materials and systems.
The property is located at 2120 Prairie Drive in Prosper, with access to the Dallas North Tollway and Highway 380. Professional signage opportunities are available, and the site is served by public water and public sewer. The corner placement, defined office layout, and dedicated meeting and work areas provide a functional setting for a professional office operation.
The property is located at 2120 Prairie Drive in Prosper, with access to the Dallas North Tollway and Highway 380. Professional signage opportunities are available, and the site is served by public water and public sewer. The corner placement, defined office layout, and dedicated meeting and work areas provide a functional setting for a professional office operation.
Key Highlights
- 1,187‑square‑foot office suite in Building One
- Unit 902 features three private offices, a conference room, reception, kitchen, and private restroom
- Corner location with professional signage opportunities
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
$15,053
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
3.17%
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%
$301,060
$301.1K
Cap Rate 7%
$215,043
$215.0K
Cap Rate 9%
$167,256
$167.3K
Market Conditions
NOI Build-Up for 1,187 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
$26.1K $21.96/SF
− Vacancy
−$6.0K −$5.05/SF
EGI
$20.1K $16.91/SF
− OpEx
−$5.0K −$4.23/SF
NOI
$15.1K $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 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%
$301,060
Cap Rate 7%
$215,043
Cap Rate 9%
$167,256
Alternative Uses
Best Use
Office B
$215.0K
$188.2K – $250.9K
NOI $15,053 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.18M
$1.03M – $1.38M
NOI $82,563 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 75078, TX
38,980
Population
14,409
Households
2.7
Avg Household Size
34
Median Age
63%
College-Educated
97%
High-School Grad
31.6 sq mi
ZIP Area
1,234
Density / Sq Mi
$187,634
Median Household Income
$82,714
Median Earnings
$2,284
Median Rent
$650,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 units - Professional office suite with private offices, conference space, reception, kitchen, and restroom.
Where is this office units located?
The property is located at 2120 Prairie Drive Prosper, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,187‑square‑foot office suite in Building One; Unit 902 features three private offices, a conference room, reception, kitchen, and private restroom; Corner location with professional signage opportunities
