Office Units with Private
For Sale
$827,700
318 W FM 544, Murphy, TX 75094
CommercialSale, Murphy, TX
Property Size2,000 SF
Lot Size0.05 Acres
Price / SF$413.85
Days on Market47
Property Features for 318 W FM 544
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Subdivision
S10993
Directions
Use GPS
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 Agency:
GO Real Estate
(214) 491-8068
Listed By:
Shahid Mehmood · License #0511867
(214) 491-8068
Added: Jul 14
Changed: Aug 21
Last Checked: Aug 29 at 7:06PM
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 office property comprises two adjoining, separately platted units totaling 2,000 SF. Built in 2016, the single-story configuration includes multiple private offices, two conference rooms, reception areas, a break room, storage, and two restrooms. The units are delivered vacant at closing, providing immediate control of the premises, and may be occupied together or used separately.
The property is located at 318 W FM 544 in Murphy, Texas, along the FM 544 corridor. Parking is provided at a ratio of 10 spaces per 1,000 SF. Public water and public sewer serve the property, while central heating, central air, carpet flooring, and brick and concrete construction are among the existing building features.
The property is located at 318 W FM 544 in Murphy, Texas, along the FM 544 corridor. Parking is provided at a ratio of 10 spaces per 1,000 SF. Public water and public sewer serve the property, while central heating, central air, carpet flooring, and brick and concrete construction are among the existing building features.
Key Highlights
- 2,000 SF total across two adjoining, separately platted office units
- Built in 2016 and delivered vacant at closing
- Single‑story layout with 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
Property Profile
Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
786
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Two adjoining units create a flexible, single-story workspace with dedicated meeting 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 total across two adjoining, separately platted office units; Built in 2016 and delivered vacant at closing; Single‑story layout with private offices, two conference rooms, reception areas, break room, storage, and two restrooms
