Single-Story Office
New
For Sale
$827,700
318 W FM 544, Murphy, TX 75094
Vacant, two-unit configuration includes private offices, conference rooms, reception areas, and support spaces.
Property Size2,000 SF
Days on Market2
Property Features for 318 W FM 544
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Building Details
Building Size
2,000 SF
Year Built
2016
Listing Agency:
GO Real Estate
Listed By:
Shahid Mehmood · License #0511867
(214) 491-8068
Source:
Baerealty
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 22 at 3:42PM
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 office property comprises two adjoining, separately platted units totaling 2,000 SF. Built in 2016, the single-story layout includes multiple private offices, two conference rooms, reception areas, a break room, storage, and two restrooms. The units will be delivered vacant at closing, providing immediate control of the premises without existing tenants.
The property is located at 318 W FM 544 in Murphy, Texas, along the FM 544 corridor in Collin County. Parking is configured at 10 spaces per 1,000 SF. The two-unit arrangement allows the entire 2,000 SF to function as one office or provides the option to occupy one unit while leasing the other.
The property is located at 318 W FM 544 in Murphy, Texas, along the FM 544 corridor in Collin County. Parking is configured at 10 spaces per 1,000 SF. The two-unit arrangement allows the entire 2,000 SF to function as one office or provides the option to occupy one unit while leasing the other.
Key Highlights
- 2,000 SF across two adjoining office units
- Built in 2016 with delivery vacant at closing
- Single‑story layout with multiple private offices and two conference rooms
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
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, two-unit configuration includes private offices, conference rooms, reception areas, and support spaces.
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 across two adjoining office units; Built in 2016 with delivery vacant at closing; Single‑story layout with multiple private offices and two conference rooms
