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    Brand-New Corner Office Suite Title is generated by Realmo AI

    2120 Prairie Drive #902, Prosper, TX 75078

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    New
    For Lease
    $3,500/Mo $35 SF/Yr (calc)

    Newly completed office suite with reception, conference room, kitchen, private restroom, and three private offices with major tollway access.

    Property size:
    1,187 SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 1:50 am

    Property Features for 2120 Prairie Drive #902

    General Information

    Standard status
    Active
    Size
    1,187 SF

    Building Details

    Year Built
    2026

    We can help!

    Listing Contact
    Amit Mahadar
    Amit Mahadar

    Listing agent Amit Mahadar License #0754810

    Listing office REKonnection, LLC

    Listing date Jun 4, 2026

    Source Signaturere

    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 REKonnection, LLC

    HighLights

    • Newly completed 1,187 SF office suite (Unit 902) in The Offices at Prosper 380, Building One
    • Completed in 2026 with state‑of‑the‑art HVAC
    • Corner location with large strategically placed windows for natural light
    • Interior includes reception area, conference room, modern kitchen, private restroom, and three private offices
    • Immediate access to Dallas North Tollway and Highway 380
    • Includes opportunity for prominent professional signage

    Overview

    Unit 902 is a brand-new professional office suite within The Offices at Prosper 380, Building One, completed in 2026. Spanning 1,187 square feet, the space is designed with a modern layout and high-end architectural finishes, with state-of-the-art HVAC. The interior includes a welcoming reception area, a conference room for executive meetings, a modern kitchen, a private restroom, and three expansive private offices. Large, strategically placed windows bring natural light into every room, supporting an executive workflow for client-facing teams.

    The suite’s corner location is positioned prominently within the building, supporting visibility and straightforward day-to-day accessibility. The property is described as having immediate access to the Dallas North Tollway and Highway 380, placing it within the Prosper and Celina business communities. The surrounding area is characterized by high-income residential developments and premium retail centers. Professional signage opportunities are also noted for tenants looking to strengthen branded presence.

    This suite is well suited for companies establishing or relocating corporate functions that need multiple private offices plus dedicated client meeting space. The reception area supports a formal arrival experience, while the conference room and three private offices provide practical separation for leadership and staff. With a turnkey configuration, contemporary finishes, and a focused executive flow, it offers a ready-to-occupy environment for professional teams seeking an immediately functional headquarters-style layout.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.7848
    Latitude
    33.234

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    FAQs

    What type of property is this?
    Office units - Newly completed office suite with reception, conference room, kitchen, private restroom, and three private offices with major tollway access.
    Where is this office units located?
    The property is located at 2120 Prairie Drive #902 Prosper, TX.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: Newly completed 1,187 SF office suite (Unit 902) in The Offices at Prosper 380, Building One; Completed in 2026 with state‑of‑the‑art HVAC; Corner location with large strategically placed windows for natural light
    (214) 850-8813
    We can help!
    Listing Contact
    Amit Mahadar
    Amit Mahadar
    Real Estate License ID: 0754810
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2120 Prairie Drive #902, Prosper, TX 75078
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