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    High-Visibility Retail and Medical Shell Title is generated by Realmo AI

    4400 Preston Road, Frisco, TX 75034

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    For Sale
    $5,245,000

    SINGLE_FAMILY - Frisco, TX

    Type:Retail
    Lot size:
    2.44 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    78
    Last Refresh:
    Jun 3 at 5:06 am

    Property Features for 4400 Preston Road

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    R244100A00101
    Lot size
    2.44 Acres

    Taxes and HOA fees

    Tax Description
    HELZER ADDITION (CFR), BLK A, LOT 1
    Tax Annual Amount
    37554

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    1989
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Block, MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Mike Jones
    Mike Jones

    Listing agent Mike Jones License #0598829

    Listing office Franchise Real Estate Group Cedar Hill, TX

    Listing date Mar 18, 2026

    MLS# 21211613

    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.

    HighLights

    • Existing shell building on the site for adaptive reuse, interim occupancy, or redevelopment
    • High‑visibility frontage along Preston Road in Frisco
    • Minutes from PGA Headquarters and surrounding mixed‑use developments
    • Available for sale or ground lease
    • Flexible use potential for retail, medical, restaurant, or mixed‑use development (all uses subject to City of Frisco verification)
    • Built in 1989 with metal roof, concrete flooring, block and metal siding, and septic tank sewer

    Overview

    Located at 4400 Preston Road in Frisco, this property features an existing shell building designed to support adaptive reuse, interim occupancy, or redevelopment. The offering combines flexible configuration potential with strong site utility for repositioning, subject to applicable approvals and use verification.

    Positioned along Preston Road in Frisco’s premier growth corridor, the site benefits from high-visibility exposure and strong traffic exposure with immediate access to major thoroughfares. The surrounding area includes mixed-use development and is described as minutes from PGA Headquarters, supporting a dynamic retail and services environment.

    The property is well suited for users and investors seeking a high-impact location with redevelopment optionality. It may fit retail, medical, restaurant, or mixed-use development concepts, depending on final site planning and City of Frisco requirements. For parties looking to capitalize on corridor momentum, the existing improvements provide a starting point for a repositioning strategy, with the option to structure the acquisition as either a sale or ground lease, with all uses subject to verification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Home Floors - Flower ... Carpet & Flooring Store Home Floors Carpet & Flooring Store Budget Doors Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.804646
    Latitude
    33.115772

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    FAQs

    What type of property is this?
    Retail space - Existing shell with prominent frontage and major-thoroughfare access, offering flexible retail, medical, or restaurant redevelopment options.
    Where is this retail space located?
    The property is located at 4400 Preston Road Frisco, TX.
    What is the asking price?
    The asking price for this property is $5,245,000.
    What are key features of this property?
    This property features: Existing shell building on the site for adaptive reuse, interim occupancy, or redevelopment; High‑visibility frontage along Preston Road in Frisco; Minutes from PGA Headquarters and surrounding mixed‑use developments
    (800) 883-2571
    We can help!
    Listing Contact
    Mike Jones
    Mike Jones
    Real Estate License ID: 0598829
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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