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    Flexible Commercial Suite in Wylie Title is generated by Realmo AI

    3971 Skyview Court, Wylie, TX 75098

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    For Lease
    $1,900/Mo $18 SF/Yr (calc)

    Office - Wylie, TX

    Type:Office
    Property size:
    1,215 SF
    Lot size:
    5.00 Acres
    Added:
    May 11, 2026
    Days on Market:
    3
    Last Refresh:
    May 13 at 3:06 am

    Property Features for 3971 Skyview Court

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking features
    Assigned, Garage, Gated, Open, Secured
    Standard status
    Active
    APN
    R691800002601
    Size
    1,215 SF
    Lot size
    5.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2014
    Flooring type
    Concrete
    Building materials
    Concrete, Steel Siding, Stone
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Clayton
    Robert Clayton

    Listing agent Robert Clayton License #0561835

    Listing office Clayton Realty 3971 Skyview Ct. Suite 200, Wylie, TX

    Listing date May 11, 2026

    MLS# 21175912 Listing URL

    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.

    HighLights

    • Competitive rent includes electric and water, providing predictable monthly costs.
    • Quick access to Hwy 78 and high visibility location across from Wylie Prep Academy.
    • Large bay door and secured outdoor storage yard with designated parking.
    • Functional layout with new restroom, hot water heater, small kitchen area, and new HVAC system.
    • 24/7 access and ample additional parking.
    • Options to expand office or outdoor space at each lease term.

    Overview

    This 1,215 SF commercial suite is located in the Clayton Building and offers quick access to Hwy 78. Situated directly off Hwy 78, across from Wylie Prep Academy and the Kansas City Southern Railroad, the space is suitable for contractors, trades, and service-based businesses. The layout supports both office and operational use and includes a new restroom, hot water heater, a small kitchen area with cabinets and sink, and a refrigerator area with water hookup. A new HVAC system services the offices and bathroom. Features include a large bay door, a secured outdoor storage yard with designated parking, ample additional parking, and 24/7 access. The property is located in Wylie, Collin County, Texas. The 5-acre lot provides options to expand office or outdoor space at each lease term, with additional offices possible if needed. Rent includes electric and water with no additional utility fees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Storage Facility

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

    Similar Places Nearby

    • Fry Pies — 3302 S State Hwy 78, Wylie, TX 75098

    Location Insight

    • Map
    • Local Demand
    City
    Wylie
    County
    Collin
    State
    Texas
    Longitude
    -96.4894821
    Latitude
    33.0291058

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      Functional Flex Space Available Now

      Commercial suite with quick highway access, ideal for various businesses.
      3971 Skyview Court #300, Wylie, TX 75098
      View Details

    FAQs

    What type of property is this?
    Flex space - 1,215 SF commercial suite with quick access to Hwy 78.
    Where is this flex space located?
    The property is located at 3971 Skyview Court Wylie, TX.
    What is the lease rate?
    The lease rate is $1,900 /Mo.
    What are key features of this property?
    This property features: Competitive rent includes electric and water, providing predictable monthly costs.; Quick access to Hwy 78 and **high visibility location across from Wylie Prep Academy.**; **Large bay door and secured outdoor storage yard with designated parking.**
    (972) 533-1818
    We can help!
    Listing Contact
    Robert Clayton
    Robert Clayton
    Real Estate License ID: 0561835
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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