Shell Retail Space with High
New
For Sale
$869,856
5121 S Custer Road Unit 200, McKinney, TX 75070
Built-out flexibility, prominent street presence, and nearby national retailers support a customizable retail environment.
Property Size2,500 SF
Price / SF$347.94
Days on Market3
Property Features for 5121 S Custer Road Unit 200
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Retail
Amenities
soaring ceilings
clean white finish
ample on-site parking
Building Details
Year Built
2025
Buildings
1
Tenancy
Single
Listing Agency:
Zenappy Realty
(214) 430-2895
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 7:32AM
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 Zenappy Realty
Investment Insights
Based on property information with market context.
This 2,500-square-foot retail space at Unit 200 is offered in shell condition, allowing the interior to be planned around a user’s specific operational and merchandising requirements. The standalone building was constructed in 2025 and features a high-end retail finish with tall ceilings and a clean white interior. On-site parking is provided.
The property fronts the intersection of Main Street, Stacy Street, and Custer Road, with direct positioning behind CVS, Aldi, and a major bank. Its prominent street presence supports visibility for storefront branding and signage, while the location provides access to several established commercial neighbors.
The property fronts the intersection of Main Street, Stacy Street, and Custer Road, with direct positioning behind CVS, Aldi, and a major bank. Its prominent street presence supports visibility for storefront branding and signage, while the location provides access to several established commercial neighbors.
Key Highlights
- 2,500‑square‑foot standalone retail building
- Shell condition allows a customized interior build‑out
- Constructed in 2025
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
$40,184
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
4.62%
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%
$803,680
$803.7K
Cap Rate 7%
$574,057
$574.1K
Cap Rate 9%
$446,489
$446.5K
Market Conditions
NOI Build-Up for 2,500 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
$60.3K $24.12/SF
− Vacancy
−$2.9K −$1.16/SF
EGI
$57.4K $22.96/SF
− OpEx
−$17.2K −$6.89/SF
NOI
$40.2K $16.07/SF
Area
McKinney, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$803,680
Cap Rate 7%
$574,057
Cap Rate 9%
$446,489
Alternative Uses
Best Use
Retail
$574.1K
$502.3K – $669.7K
NOI $40,184 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$702.9K
$615.0K – $820.0K
NOI $49,200 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Dining 37%
Shops & Services 23%
Aldi
Groceries
22,720 visits/mo
0.2 miles
Freddy's Frozen Custard & Steakburgers
Dining
9,122 visits/mo
0.3 miles
Chase Bank
Shops & Services
7,878 visits/mo
0.1 miles
Salad and Go
Dining
4,281 visits/mo
0.3 miles
AutoZone
Shops & Services
3,518 visits/mo
0.2 miles
Demographics for 75070, TX
57,712
Population
24,323
Households
2.4
Avg Household Size
34
Median Age
57%
College-Educated
98%
High-School Grad
11.3 sq mi
ZIP Area
5,107
Density / Sq Mi
$106,549
Median Household Income
$65,855
Median Earnings
$1,799
Median Rent
$429,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Built-out flexibility, prominent street presence, and nearby national retailers support a customizable retail environment.
Where is this retail space located?
The property is located at 5121 S Custer Road Unit 200 McKinney, TX.
What is the asking price?
The asking price for this property is $869,856.
What are key features of this property?
This property features: 2,500‑square‑foot standalone retail building; Shell condition allows a customized interior build‑out; Constructed in 2025
