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 Market41
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
(972) 914-0989
Listed By:
Harish Patel · License #0827239
Source:
Thebryandavisgroup
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 5:38AM
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 = 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
$24,966
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
5.82%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
