Flex Space with
For Sale
Contact for pricing
255 W Princeton Dr, Princeton, TX 75407
The property combines professional office improvements with heated, insulated warehouse space and multiple ground-level doors.
Property Size4,305 SF
Price / SF$255.52
Days on Market100
Property Features for 255 W Princeton Dr
General Information
Standard status
Active
Size
4,305 SF
Class
B
Property subtype
Office, Industrial
Zoning
F3
Investment Type
Owner/User
Warehouse & Industrial
Warehouse Space
2,310 SF
Office Build-Out
1,995 SF
Drive-In Doors
4
Conditioned Warehouse
Yes
Additional Details
Office Units
1
Amenities
conference room
break room
Building Details
Year Built
2022
Stories
1
Tenancy
Multi
Listing Agency:
Compass Dallas
Listed By:
Chris DiGino · License #0564026
(940) 228-6221
Source:
Crexi
Added: Jul 27
Changed: Oct 25
Last Checked: Nov 1 at 6:17AM
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 Compass Dallas
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Investment Insights
Based on property information with market context.
This flex property combines a 1,995-square-foot office component with 2,310 square feet of warehouse space. The office area includes four private offices, a reception area, conference room, break room, and two restrooms. The warehouse offers four ground-level automatic roll-up doors, each measuring 9 feet, along with heating, air conditioning, insulation, and a bathroom. Space is also available for an additional office build-out.
Zoned F3, the property is suited to construction, distribution, and warehouse-related operations. Vehicle-related businesses are also identified as a potential use, excluding mechanical and body work. The property is located at 255 W Princeton Dr in Princeton, Texas, with a total property size of 4,305 square feet.
Zoned F3, the property is suited to construction, distribution, and warehouse-related operations. Vehicle-related businesses are also identified as a potential use, excluding mechanical and body work. The property is located at 255 W Princeton Dr in Princeton, Texas, with a total property size of 4,305 square feet.
Key Highlights
- 4,305‑square‑foot flex property with office and warehouse components
- 1,995‑square‑foot office area with 4 private offices, reception, conference room, break room, and 2 restrooms
- 2,310‑square‑foot warehouse with 4 ground‑level automatic roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,596
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,920
$1.1M
Cap Rate 7%
$779,943
$779.9K
Cap Rate 9%
$606,622
$606.6K
Market Conditions
NOI Build-Up for 4,305 SF
Gross rent
$94.5K $21.96/SF
− Vacancy
−$21.7K −$5.05/SF
EGI
$72.8K $16.91/SF
− OpEx
−$18.2K −$4.23/SF
NOI
$54.6K $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%
$1,091,920
Cap Rate 7%
$779,943
Cap Rate 9%
$606,622
Alternative Uses
Best Use
Industrial
$4.28M
$3.74M – $4.99M
NOI $299,440 @ 7.0% cap · market cap 27.22%
Second Best
Office B
$779.9K
$682.5K – $909.9K
NOI $54,596 @ 7.0% cap · market cap 4.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Drive-in doors
1
Office units
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 75407, TX
25,738
Population
10,095
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
49.9 sq mi
ZIP Area
516
Density / Sq Mi
$92,076
Median Household Income
$48,912
Median Earnings
$1,867
Median Rent
$307,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - The property combines professional office improvements with heated, insulated warehouse space and multiple ground-level doors.
Where is this flex space located?
The property is located at 255 W Princeton Dr Princeton, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,305‑square‑foot flex property with office and warehouse components; 1,995‑square‑foot office area with 4 private offices, reception, conference room, break room, and 2 restrooms; 2,310‑square‑foot warehouse with 4 ground‑level automatic roll‑up doors
