Professional Office Condominium
For Sale
$455,000
425 Old Newman Road, Frisco, TX 75036
Well-designed 1,199 SF office suite with three private offices, conference space, and ADA-compliant restroom in a professionally managed building.
Property Size1,199 SF
Price / SF$379.48
Days on Market61
Property Features for 425 Old Newman Road
General Information
Standard status
Active
Size
1,199 SF
Property subtype
OFC, OFC-MED, OFC-RET
Zoning
C-1
Additional Details
Sprinkler System
Yes
Building Details
Year Built
2015
Year Renovated
2022
Listing Agency:
Keller Williams Realty DPR
(469) 430-8866
Listed By:
Raymond Edler · License #TX0581538
(469) 430-8866
Source:
Realnex
Added: Jun 25
Changed: Jul 10
Last Checked: Jul 1 at 4:02AM
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 Keller Williams Realty DPR
Investment Insights
Based on property information with market context.
Built in 2015, this 1,199 SF professional office condominium is unit 203 within the West Frisco Office Center. The space includes three private executive offices, a spacious conference room with abundant natural light that can also serve as additional administrative workspace, and a reception lobby with engineered wood flooring. A well-appointed breakroom features custom cabinetry, and the suite includes an ADA-compliant restroom, three storage closets, upgraded commercial finishes, crown molding, and large energy-efficient windows.
Unit 203 is positioned for visibility within the center building and is served by abundant surface parking for employees and clients. The property is located near the signalized intersection of FM 423 and Stonebrook Parkway, with convenient access to major regional routes including the Dallas North Tollway and Sam Rayburn Tollway (SH-121). The building is fully sprinklered and set within professionally landscaped grounds with stone and brick architecture, maintained by a well-managed owners association.
C-1 zoning provides flexibility for numerous professional office uses. The suite is suited to owner-users seeking a high-image office environment and investors seeking a broad tenant-ready configuration. Notable recent improvements include replacement of the HVAC system in 2022, supporting reduced near-term capital needs for a new owner.
Unit 203 is positioned for visibility within the center building and is served by abundant surface parking for employees and clients. The property is located near the signalized intersection of FM 423 and Stonebrook Parkway, with convenient access to major regional routes including the Dallas North Tollway and Sam Rayburn Tollway (SH-121). The building is fully sprinklered and set within professionally landscaped grounds with stone and brick architecture, maintained by a well-managed owners association.
C-1 zoning provides flexibility for numerous professional office uses. The suite is suited to owner-users seeking a high-image office environment and investors seeking a broad tenant-ready configuration. Notable recent improvements include replacement of the HVAC system in 2022, supporting reduced near-term capital needs for a new owner.
Key Highlights
- 1,199 SF professional office condominium in West Frisco Office Center, built in 2015
- Suite includes three private executive offices, spacious conference room, reception lobby, and breakroom with custom cabinetry
- ADA‑compliant restroom, engineered wood reception flooring, crown molding, and large energy‑efficient windows
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
$24,597
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
5.41%
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%
$491,940
$491.9K
Cap Rate 7%
$351,386
$351.4K
Cap Rate 9%
$273,300
$273.3K
Market Conditions
NOI Build-Up for 1,199 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%
$491,940
Cap Rate 7%
$351,386
Cap Rate 9%
$273,300
Alternative Uses
Best Use
Office B
$351.4K
$307.5K – $410.0K
NOI $24,597 @ 7.0% cap · market cap 5.41%
Second Best
Healthcare Medical
$222.0K
$194.2K – $259.0K
NOI $15,539 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$467.8K
$409.3K – $545.8K
NOI $32,746 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
644
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 - Well-designed 1,199 SF office suite with three private offices, conference space, and ADA-compliant restroom in a professionally managed building.
Where is this office units located?
The property is located at 425 Old Newman Road Frisco, TX.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 1,199 SF professional office condominium in West Frisco Office Center, built in 2015; Suite includes three private executive offices, spacious conference room, reception lobby, and breakroom with custom cabinetry; ADA‑compliant restroom, engineered wood reception flooring, crown molding, and large energy‑efficient windows
