Leased Office
For Sale
$428,839
400 Stonebrook Pkwy Unit 303, Frisco, TX 75036
Built in 2022, the unit is leased to State Farm Insurance through 2027.
Property Size1,217 SF
Price / SF$352.37
Days on Market86
Property Features for 400 Stonebrook Pkwy Unit 303
General Information
Standard status
Active
Size
1,217 SF
Building Details
Year Built
2022
Listing Agency:
REKonnection, LLC
Listed By:
Harish Patel · License #0827239
(972) 914-0989
Source:
Thebryandavisgroup
Added: Jul 21
Changed: Sep 13
Last Checked: Oct 7 at 3:07PM
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 REKonnection, LLC
Investment Insights
Based on property information with market context.
This office unit at The Offices at Stonebrook Crossing was completed in 2022 and is occupied by State Farm Insurance under a lease extending through 2027. The property generates a stated 6% annual return and offers an established commercial occupancy profile.
The unit is located at 400 Stonebrook Pkwy in Frisco, near the intersection of Stonebrook Parkway and FM 423. Reported traffic volumes are 18,362 VPD on Stonebrook Parkway and 57,457 VPD on FM 423 in 2022. Access to the Dallas North Tollway and Sam Rayburn Tollway adds connectivity, while surrounding retail, dining, and professional amenities support the office setting.
The unit is located at 400 Stonebrook Pkwy in Frisco, near the intersection of Stonebrook Parkway and FM 423. Reported traffic volumes are 18,362 VPD on Stonebrook Parkway and 57,457 VPD on FM 423 in 2022. Access to the Dallas North Tollway and Sam Rayburn Tollway adds connectivity, while surrounding retail, dining, and professional amenities support the office setting.
Key Highlights
- Leased to State Farm Insurance through 2027
- 6% annual return stated in the property information
- Office unit at The Offices at Stonebrook Crossing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,966
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,320
$499.3K
Cap Rate 7%
$356,657
$356.7K
Cap Rate 9%
$277,400
$277.4K
Market Conditions
NOI Build-Up for 1,217 SF
Gross rent
$38.3K $31.44/SF
− Vacancy
−$5.0K −$4.09/SF
EGI
$33.3K $27.35/SF
− OpEx
−$8.3K −$6.84/SF
NOI
$25.0K $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 Rate 5%
$499,320
Cap Rate 7%
$356,657
Cap Rate 9%
$277,400
Alternative Uses
Best Use
Office B
$356.7K
$312.1K – $416.1K
NOI $24,966 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$474.8K
$415.5K – $554.0K
NOI $33,238 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Built in 2022, the unit is leased to State Farm Insurance through 2027.
Where is this office units located?
The property is located at 400 Stonebrook Pkwy Unit 303 Frisco, TX.
What is the asking price?
The asking price for this property is $428,839.
What are key features of this property?
This property features: Leased to State Farm Insurance through 2027; 6% annual return stated in the property information; Office unit at The Offices at Stonebrook Crossing
