Corner Office Unit with Private
For Sale
$475,000
2120 Prairie Drive, Prosper, TX 75078
Completed in 2026 with a reception area, conference room, kitchen, and private restroom.
Property Size1,187 SF
Price / SF$400.17
Days on Market10
Property Features for 2120 Prairie Drive
General Information
Standard status
Active
Size
1,187 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Electric, A/C - Other
3
Building Details
Year Built
2026
Listing Agency:
REKonnection, LLC
(972) 914-0989
Listed By:
Amit Mahadar · License #0754810
Source:
Xome
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 21 at 4:38AM
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
Investment Insights
Based on property information with market context.
Unit 902 in Building One at The Offices at Prosper 380 is an 1,187-square-foot office unit completed in 2026. The corner layout includes a reception area, conference room, modern kitchen, private restroom, and three private offices. Large windows provide natural light throughout the interior, while the property includes HVAC systems and professional signage opportunities.
Located at 2120 Prairie Drive in Prosper, the office provides access to the Dallas North Tollway and Highway 380. The surrounding area includes residential developments and retail centers serving the Prosper and Celina business communities.
Located at 2120 Prairie Drive in Prosper, the office provides access to the Dallas North Tollway and Highway 380. The surrounding area includes residential developments and retail centers serving the Prosper and Celina business communities.
Key Highlights
- 1,187‑square‑foot office unit in Unit 902, Building One
- Completed in 2026 with modern HVAC systems
- Three private offices plus reception and conference areas
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
574
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
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 - Completed in 2026 with a reception area, conference room, kitchen, and private 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 unit in Unit 902, Building One; Completed in 2026 with modern HVAC systems; Three private offices plus reception and conference areas
