Princeton Commercial Property on US
For Sale
$1,650,000
409 E Princeton Dr, Princeton, TX 75407
Prime commercial property in rapidly growing Princeton, Texas.
Property Size5,732 SF
Lot Size1.09 Acres
Price / SF$287.86
Days on Market195
Property Features for 409 E Princeton Dr
General Information
Standard status
Active
Size
5,732 SF
Lot size
1.09 Acres
Building Details
Year Built
1985
Listing Agency:
Astra Realty LLC
Listed By:
Chris Jones · License #0438845
(214) 744-3990
Source:
Heritance
Added: Mar 27
Changed: Sep 22
Last Checked: Oct 5 at 9:35PM
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 Astra Realty LLC
Investment Insights
Based on property information with market context.
Located in Princeton, Texas, this commercial property offers a prime opportunity along the highly-trafficked US 380 corridor in Collin County. The area has experienced rapid growth, more than doubling its population in recent years. The property features superb visibility along E. Princeton Dr, with approximately 265.34 linear feet of frontage and 1.090 acres. It is surrounded by major retailers and services, including Walmart Supercenter, CVS, Ace Hardware, USPS, FedEx, Sonic, Taco Bell, AutoZone, McDonald's, and 7-Eleven. TxDOT traffic count maps indicate between 30,324 and 33,450 vehicles per day. The property includes two buildings, one at 2,112 SF and another at 3,520 SF, with ample graveled parking. Easy access is available via Highway 5, Sam Rayburn Tollway (Hwy 121), I-75, and US 380. Future expansions, including the US 380 Bypass, are planned to reroute traffic and unlock further development potential. The property is approximately 48 miles from DFW Airport, 43 miles to Dallas Love Field, 41 miles to downtown Dallas, and 9.2 miles to McKinney National Airport.
Key Highlights
- Located in Princeton, Texas, the fastest‑growing city in America from 2020‑2024.
- High‑traffic location directly off US 380/E. Princeton Drive.
- Two well‑positioned buildings available: 2,112 SF and 3,520 SF, with ample parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,230
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,844,600
$1.8M
Cap Rate 7%
$1,317,571
$1.3M
Cap Rate 9%
$1,024,778
$1.0M
Market Conditions
NOI Build-Up for 5,732 SF
Gross rent
$138.3K $24.12/SF
− Vacancy
−$6.5K −$1.13/SF
EGI
$131.8K $22.99/SF
− OpEx
−$39.5K −$6.90/SF
NOI
$92.2K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,844,600
Cap Rate 7%
$1,317,571
Cap Rate 9%
$1,024,778
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.54M
NOI $92,230 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$5.70M
$4.98M – $6.64M
NOI $398,697 @ 7.0% cap · market cap 24.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 32%
Home Improvements & Furnishings 6%
Electronics 3%
McDonald's
Dining
24,699 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,361 visits/mo
0.5 miles
Jack in the Box
Dining
11,935 visits/mo
0.2 miles
Allsups
Shops & Services
10,012 visits/mo
0.2 miles
SONIC Drive In
Dining
9,177 visits/mo
0.0 miles
Demographics for 75407, TX
25,738
Population
10,095
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
49.9 sq mi
ZIP Area
516
Density / Sq Mi
$92,076
Median Household Income
$48,912
Median Earnings
$1,867
Median Rent
$307,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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?
Retail space - Prime commercial property in rapidly growing Princeton, Texas.
Where is this retail space located?
The property is located at 409 E Princeton Dr Princeton, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Located in Princeton, Texas, the fastest‑growing city in America from 2020‑2024.; High‑traffic location directly off US 380/E. Princeton Drive.; Two well‑positioned buildings available: 2,112 SF and 3,520 SF, with ample parking.
