Flex Space in Regency Business
For Sale
Contact for pricing
2810 Exchange St, Wylie, TX 75098
Built in 2003 and positioned just off FM 544 in Regency Business Park with access to SH 78 and SH 190.
Property Size4,959 SF
Price / SF$208.91
Days on Market54
Property Features for 2810 Exchange St
General Information
Standard status
Active
Size
4,959 SF
Class
B
Total Parking Spaces
7
Property subtype
Office, Industrial
Zoning
Light Industrial (LI)
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2003
Buildings
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial - APEX
Listed By:
SALVADOR LOPEZ · License #TX590914
Source:
Crexi
Added: Jul 24
Changed: Sep 11
Last Checked: Sep 14 at 6:30AM
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 Coldwell Banker Commercial - APEX
Investment Insights
Based on property information with market context.
2810 Exchange St is a flex space property in Regency Business Park in Wylie, TX. Built in 2003, the property provides a total size of 4,959 SF within an industrial/flex corridor just off FM 544.
The location is designed for convenient connectivity to major regional thoroughfares, including SH 78, the George Bush Turnpike (SH-190), and US-75 Central Expressway. FM 544 is described as one of the area’s busiest commercial arteries, with traffic counts exceeding 30,000+ vehicles per day near Regency Drive.
The immediate area includes a mix of flex, warehouse, and office-warehouse properties, supporting ongoing demand for light industrial space. Nearby development activity, including the approved BizSpace District One project, reflects continued investor and business confidence in the corridor.
The location is designed for convenient connectivity to major regional thoroughfares, including SH 78, the George Bush Turnpike (SH-190), and US-75 Central Expressway. FM 544 is described as one of the area’s busiest commercial arteries, with traffic counts exceeding 30,000+ vehicles per day near Regency Drive.
The immediate area includes a mix of flex, warehouse, and office-warehouse properties, supporting ongoing demand for light industrial space. Nearby development activity, including the approved BizSpace District One project, reflects continued investor and business confidence in the corridor.
Key Highlights
- 4,959 SF flex space built in 2003
- Located in Regency Business Park in Wylie, TX
- Just off FM 544 in an industrial/flex corridor
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
$36,359
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
3.51%
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%
$727,180
$727.2K
Cap Rate 7%
$519,414
$519.4K
Cap Rate 9%
$403,989
$404.0K
Market Conditions
NOI Build-Up for 4,959 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
$59.5K $12.00/SF
− Vacancy
−$3.6K −$0.72/SF
EGI
$55.9K $11.28/SF
− OpEx
−$19.6K −$3.95/SF
NOI
$36.4K $7.33/SF
Area
Collin County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$727,180
Cap Rate 7%
$519,414
Cap Rate 9%
$403,989
Alternative Uses
Best Use
Industrial
$4.93M
$4.31M – $5.75M
NOI $344,930 @ 7.0% cap · market cap 33.29%
Second Best
Flex RnD
$519.4K
$454.5K – $606.0K
NOI $36,359 @ 7.0% cap · market cap 3.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75098, TX
67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Built in 2003 and positioned just off FM 544 in Regency Business Park with access to SH 78 and SH 190.
Where is this flex space located?
The property is located at 2810 Exchange St Wylie, TX.
What is the asking price?
The asking price for this property is $1,036,000.
What are key features of this property?
This property features: 4,959 SF flex space built in 2003; Located in Regency Business Park in Wylie, TX; Just off FM 544 in an industrial/flex corridor
