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Two-Unit Office Condo Pair

318 W FM 544 Murphy, TX 75094

New
318 W FM 544, Murphy, TX, 75094
$827,700
For Sale
Claim this Listing
$827,700

SINGLE_FAMILY - Murphy, TX

Property Size2,000 SF
Lot Size0.05 Acres
Price / SF$413.85
AddedJul 14
Days on Market2
Last RefreshJul 15 at 2:06 pm

Property Features for 318 W FM 544

General Information

Property type
Residential
Property subtype
Office
Standard status
Active
APN
R-10993-00C-0020-1
Lot size
0.05 Acres

Utilities

Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
2016
Floors in Building
1
Number of units
2
Flooring type
Carpet
Building materials
Brick, Concrete
Roof type
Composition

Listing agent Shahid Mehmood License #0511867

Listing office GO Real Estate Frisco, TX

Listing date Jul 14, 2026

MLS# 21330979

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This property is a 2,000-square-foot office condo in a single-story configuration, built in 2016 and delivered vacant at closing for clean possession. The space combines two adjoining office condo units (approximately 1,000 square feet each, Units 2 and 3) that are separately platted, providing flexibility for an owner-occupant or a landlord. Inside, the layout includes multiple private offices, two conference rooms, reception areas, a break room, storage, and two restrooms.

The office condos are located on the FM 544 corridor in Murphy, TX, in Collin County. Public remarks indicate a strong parking ratio of 10 spaces per 1,000 square feet.

Units 2 and 3 can be occupied together or separately, supporting use as a whole suite or as individual office condo spaces.

Key Highlights

  • 2,000 SF office condo with an efficient single‑story layout built in 2016
  • Two adjoining units: Bldg. C, Units 2 and 3, each about 1,000 SF (two separately platted units)
  • Multiple private offices, 2 conference rooms, reception areas, break room, storage, and 2 restrooms

Local Financial Insights For Office B

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 $43.9k $21.96
− Vacancy −$10.1k −$5.05
EGI $33.8k $16.91
− OpEx −$8.5k −$4.23
NOI $25.4k $12.68
2,000 SF · lease $21.96/SF/yr · vacancy 23.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$362.3K
$317.1K – $422.7K (±1% cap)
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 (±1% cap)
NOI $139,113 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Bakery Pharmacy (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Catering Service Restaurant (Bike/Boat/Book/etc) Store Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Single-story office condo building offers adjoining units with private offices, conference rooms, and reception areas.
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 office condo with an efficient single‑story layout built in 2016; Two adjoining units: Bldg. C, Units 2 and 3, each about 1,000 SF (two separately platted units); Multiple private offices, 2 conference rooms, reception areas, break room, storage, and 2 restrooms
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