Two-Unit Office
For Sale
$827,700
318 W Fm 544, Murphy, TX 75094
Vacant single-story commercial suite with private offices, conference rooms, reception areas, and dedicated employee amenities.
Property Size2,000 SF
Price / SF$413.85
Days on Market41
Property Features for 318 W Fm 544
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Office Units
2
Building Details
Building Size
2,000 SF
Year Built
2016
Stories
1
Units
2
Parking Ratio
10 per 1,000 SF
Listing Agency:
GO Real Estate
(214) 566-1062
Listed By:
Shahid Mehmood · License #0511867
(214) 566-1062
Source:
1111brokerage
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 11:28AM
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 GO Real Estate
Investment Insights
Based on property information with market context.
This 2,000-square-foot office condominium combines two adjoining units of approximately 1,000 square feet each. Built in 2016, the property is expected to be vacant at closing and includes a single-story arrangement with multiple private offices, two conference rooms, reception areas, a break room, storage, and two restrooms. The two separately platted units can be occupied together or used independently.
Located along the FM 544 corridor in Murphy, the property offers a stated parking ratio of 10 spaces per 1,000 square feet. The surrounding two-mile trade area reports a $149,000 median household income and projected population growth of 12.6% from 2025 to 2030. SBA 504 eligibility is also identified in the property information.
Located along the FM 544 corridor in Murphy, the property offers a stated parking ratio of 10 spaces per 1,000 square feet. The surrounding two-mile trade area reports a $149,000 median household income and projected population growth of 12.6% from 2025 to 2030. SBA 504 eligibility is also identified in the property information.
Key Highlights
- 2,000 SF total office condominium comprising two adjoining units of approximately 1,000 SF each
- Built in 2016 and expected to be vacant at closing
- Multiple private offices, two conference rooms, reception areas, break room, storage, and two restrooms
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
$25,364
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
3.06%
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%
$507,280
$507.3K
Cap Rate 7%
$362,343
$362.3K
Cap Rate 9%
$281,822
$281.8K
Market Conditions
NOI Build-Up for 2,000 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
$43.9K $21.96/SF
− Vacancy
−$10.1K −$5.05/SF
EGI
$33.8K $16.91/SF
− OpEx
−$8.5K −$4.23/SF
NOI
$25.4K $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%
$507,280
Cap Rate 7%
$362,343
Cap Rate 9%
$281,822
Alternative Uses
Best Use
Office B
$362.3K
$317.1K – $422.7K
NOI $25,364 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,113 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,857
Businesses Nearby
Explore this area
Business Placement
Demographics for 75094, TX
23,864
Population
6,716
Households
3.6
Avg Household Size
38
Median Age
56%
College-Educated
94%
High-School Grad
7.2 sq mi
ZIP Area
3,314
Density / Sq Mi
$161,473
Median Household Income
$64,940
Median Earnings
$2,680
Median Rent
$495,500
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 - Vacant single-story commercial suite with private offices, conference rooms, reception areas, and dedicated employee amenities.
Where is this office units located?
The property is located at 318 W Fm 544 Murphy, TX.
What is the asking price?
The asking price for this property is $827,700.
What are key features of this property?
This property features: 2,000 SF total office condominium comprising two adjoining units of approximately 1,000 SF each; Built in 2016 and expected to be vacant at closing; Multiple private offices, two conference rooms, reception areas, break room, storage, and two restrooms
