Class B Office
New
For Sale
$449,000
502-5899 Preston Rd, Frisco, TX 75033
F4 zoning and a Class B designation characterize this Frisco office asset.
Property Size1,158 SF
Price / SF$387.74
Days on Market7
Property Features for 502-5899 Preston Rd
General Information
Standard status
Active
Size
1,158 SF
Class
Class B
Zoning
F4
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$7,497
Building Details
Buildings
1
Building Size
1,158 SF
Listing Agency:
eXp Commercial LLC
Listed By:
Debbie Tran · License ##698576
(512) 698-0133
Source:
Exprealty
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 3 at 2:29PM
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 eXp Commercial LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,158-square-foot building in Frisco is designated for office use and carries a Class B classification. F4 zoning applies to the property, which is identified as Preston @ Wade Crossing on Preston Road.
Key Highlights
- 1,158‑square‑foot office building
- Class B property classification
- F4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,756
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,120
$475.1K
Cap Rate 7%
$339,371
$339.4K
Cap Rate 9%
$263,956
$264.0K
Market Conditions
NOI Build-Up for 1,158 SF
Gross rent
$36.4K $31.44/SF
− Vacancy
−$4.7K −$4.09/SF
EGI
$31.7K $27.35/SF
− OpEx
−$7.9K −$6.84/SF
NOI
$23.8K $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%
$475,120
Cap Rate 7%
$339,371
Cap Rate 9%
$263,956
Alternative Uses
Best Use
Office B
$339.4K
$297.0K – $395.9K
NOI $23,756 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$451.8K
$395.3K – $527.1K
NOI $31,626 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Explore this area
Business Placement
Demographics for 75033, TX
45,347
Population
16,717
Households
2.7
Avg Household Size
35
Median Age
65%
College-Educated
96%
High-School Grad
21.9 sq mi
ZIP Area
2,071
Density / Sq Mi
$171,640
Median Household Income
$75,703
Median Earnings
$2,055
Median Rent
$606,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - F4 zoning and a Class B designation characterize this Frisco office asset.
Where is this office building located?
The property is located at 502-5899 Preston Rd Frisco, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,158‑square‑foot office building; Class B property classification; F4 zoning
