Move-In Ready Office Condo
For Sale
$550,000
291 S Preston Road Unit 420, Prosper, TX 75078
Fully finished office suite with private offices, open work areas, and reception space in Prosper.
Property Size1,200 SF
Price / SF$458.33
Days on Market86
Property Features for 291 S Preston Road Unit 420
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Office
Building Details
Year Built
2023
Listing Agency:
(214) 558-7355
Listed By:
Ashton Wall Real Estate
(214) 558-7355
Source:
Xome
Added: May 8
Changed: Jul 10
Last Checked: Jul 16 at 6:52AM
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 Ashton Wall Real Estate
Investment Insights
Based on property information with market context.
This for-sale office condo suite at 291 S Preston Road (Suite 420) is fully finished out and presented as move-in ready for a professional operation. The interior includes a mix of private offices, open work areas, and a reception space designed to support both client-facing and day-to-day work needs. The space is maintained and built with clean, modern finishes to create a polished first impression for visitors.
Located in Prosper, the suite is part of an office condo setting at a specific, addressable unit location, which can simplify planning for tenants and buyers who need a dedicated, turnkey workspace. The layout supports multiple configurations of teams, with separate rooms for focused work and a more open area for collaboration or shared functions.
The floor plan is a practical fit for medical office use as well as general office and professional services, based on the existing mix of reception, private rooms, and open areas. For buyers seeking an office suite that is already improved rather than needing buildout, this move-in ready configuration can reduce upfront time and coordination. A straightforward, functional layout helps accommodate different staffing models while keeping the reception experience clearly defined.
Located in Prosper, the suite is part of an office condo setting at a specific, addressable unit location, which can simplify planning for tenants and buyers who need a dedicated, turnkey workspace. The layout supports multiple configurations of teams, with separate rooms for focused work and a more open area for collaboration or shared functions.
The floor plan is a practical fit for medical office use as well as general office and professional services, based on the existing mix of reception, private rooms, and open areas. For buyers seeking an office suite that is already improved rather than needing buildout, this move-in ready configuration can reduce upfront time and coordination. A straightforward, functional layout helps accommodate different staffing models while keeping the reception experience clearly defined.
Key Highlights
- Fully finished office condo/suite with private offices, open work areas, and reception space
- Move‑in ready interior with a clean, modern, fully finished out layout
- Central air and electric cooling
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $26.04 |
| − Vacancy | −$3.4k | −$2.86 |
| EGI | $27.8k | $23.18 |
| − OpEx | −$11.1k | −$9.27 |
| NOI | $16.7k | $13.91 |
1,200 SF · lease $26.04/SF/yr · vacancy 11.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$238.4K
$208.6K – $278.1K
NOI $16,686 @ 7.0% cap · market cap 3.03%
Second Best
Office B
$217.4K
$190.2K – $253.6K
NOI $15,218 @ 7.0% cap · market cap 2.77%
Theoretical Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,468 @ 7.0% cap · market cap 15.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
906
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 - Fully finished office suite with private offices, open work areas, and reception space in Prosper.
Where is this office units located?
The property is located at 291 S Preston Road Unit 420 Prosper, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully finished office condo/suite with private offices, open work areas, and reception space; Move‑in ready interior with a clean, modern, fully finished out layout; Central air and electric cooling
