Built-Out Office
For Sale
$550,000
400 Stonebrook Parkway, Frisco, TX 75036
CommercialSale, Frisco, TX
Property Size1,200 SF
Lot Size6.61 Acres
Price / SF$458.33
Days on Market49
Property Features for 400 Stonebrook Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
R119 Commercial Condominium
Parking features
Parking Lot
Accessibility
Accessible Approach with Ramp
Subdivision
The Offices At Stonebrook
Directions
Please Use GPS
Standard status
Active
APN
R1051212
Lot size
6.61 Acres
Taxes and HOA fees
Tax Description
THE OFFICES AT STONEBROOK CROSSING BLD 9 UNT
Tax Annual Amount
8994
Legal Description
THE OFFICES AT STONEBROOK CROSSING BLD 9 UNT
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2024
Floors in Building
1
Number of units
1
Flooring type
Tile, Vinyl
Building materials
Brick, Concrete
Roof type
Shingle
Listing Agency:
Beam Real Estate, LLC
(972) 484-6644
Listed By:
Justin Varghese · License #0668071
(972) 484-6644
Added: Jul 4
Changed: Aug 21
Last Checked: Aug 21 at 7:06PM
MLS# 21320986
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 1,200 SF office unit is configured for professional occupancy with a reception lobby, four private offices, an open work area, breakroom, and ADA-compliant restroom. Finished ceilings range from 10' to 12'. Interior finishes include commercial carpet in the offices, vinyl in the hallway, and tile in the breakroom and restroom. The property was built in 2024 and includes central heating and air conditioning, electric service, a parking lot, and an accessible approach with ramp.
The office is located at 400 Stonebrook Parkway in Frisco, near the intersection of Stonebrook Parkway and FM 423. Public water and public sewer serve the property. Brick and concrete are among the construction materials, with a shingle roof.
The office is located at 400 Stonebrook Parkway in Frisco, near the intersection of Stonebrook Parkway and FM 423. Public water and public sewer serve the property. Brick and concrete are among the construction materials, with a shingle roof.
Key Highlights
- 1,200 SF office unit with mostly open floor plan
- Four private offices plus reception lobby, breakroom, and restroom
- 10' - 12' finished ceilings
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
$24,618
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
4.48%
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%
$492,360
$492.4K
Cap Rate 7%
$351,686
$351.7K
Cap Rate 9%
$273,533
$273.5K
Market Conditions
NOI Build-Up for 1,200 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
$37.7K $31.44/SF
− Vacancy
−$4.9K −$4.09/SF
EGI
$32.8K $27.35/SF
− OpEx
−$8.2K −$6.84/SF
NOI
$24.6K $20.51/SF
Area
Frisco, TX
Vacancy
13.00%
Lease Rate
$31.44 /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%
$492,360
Cap Rate 7%
$351,686
Cap Rate 9%
$273,533
Alternative Uses
Best Use
Office B
$351.7K
$307.7K – $410.3K
NOI $24,618 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$468.2K
$409.7K – $546.2K
NOI $32,773 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 75036, TX
35,148
Population
11,823
Households
3
Avg Household Size
39
Median Age
62%
College-Educated
96%
High-School Grad
10.8 sq mi
ZIP Area
3,254
Density / Sq Mi
$141,761
Median Household Income
$73,125
Median Earnings
$2,238
Median Rent
$500,000
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 - Mostly open workplace with four private offices, a reception area, breakroom, and ADA-compliant restroom.
Where is this office units located?
The property is located at 400 Stonebrook Parkway Frisco, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,200 SF office unit with mostly open floor plan; Four private offices plus reception lobby, breakroom, and restroom; 10' - 12' finished ceilings
