Office Unit with Private
New
For Sale
$475,000
2120 Prairie Drive, Prosper, TX 75078
SINGLE_FAMILY - Prosper, TX
Property Size1,187 SF
Lot Size0.03 Acres
Price / SF$400.17
Days on Market1
Property Features for 2120 Prairie Drive
General Information
Property type
Residential
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
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
Added: Aug 13
Last Checked: Aug 13 at 9:06AM
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 is located in Building One at The Offices at Prosper 380 and contains 1,187 square feet. The 2026-built suite is arranged with a reception area, conference room, kitchen, private restroom, and three private offices. Large windows provide natural light throughout the interior, while central electric HVAC supports year-round climate control. Brick, stone veneer, and stucco are used on the exterior, with vinyl flooring inside.
The property offers access to the Dallas North Tollway and Highway 380. Professional signage opportunities are available, and the setting is surrounded by residential development and retail centers in the Prosper and Celina business communities. Public water and sewer serve the property.
The property offers access to the Dallas North Tollway and Highway 380. Professional signage opportunities are available, and the setting is surrounded by residential development and retail centers in the Prosper and Celina business communities. Public water and sewer serve the property.
Key Highlights
- 1,187‑square‑foot office unit in Building One
- 2026‑built suite with reception, conference room, kitchen, and private restroom
- Three private offices with large windows throughout the suite
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
141
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Corner-positioned suite includes reception, conference, kitchen, restroom, and dedicated workrooms.
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 Building One; 2026‑built suite with reception, conference room, kitchen, and private restroom; Three private offices with large windows throughout the suite
