Building Details

Year built 2017

Floors in Building 1

Number of units 1

Flooring type Carpet, Vinyl

Building materials Brick

Roof type Shingle

Buildings 1

Listing Agency: eXp Commercial LLC

Listed By: Debbie Tran Show Phone

Added: Oct 28 Last Checked: Oct 29 at 10:06AM

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MLS# 21423233

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The 1,158-square-foot office building was completed in 2017 and has brick construction with a shingle roof. Interior finishes include carpet and vinyl flooring, and the building is equipped with central heating and central air conditioning. The property carries F4 zoning and is identified as a Class B office asset.

Located at 5899 Preston Road in Frisco, the property sits within the Preston @ Wade Crossing development in Collin County.

Key Highlights

• 1,158‑square‑foot office building
• Built in 2017 with brick construction and a shingle roof
• F4 zoning; identified as a Class B office property

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Monique Thompson, LPC, ... Counselor MD Health Clinic Medical Clinic North Texas Perinatal ... Medical Clinic Jay Haidari: Allstate ... Insurance Agency HI Agency Insurance Agency

Suggested Use

Top Pick Auto Parts Store Hotel & Motel Grocery & Convenience Store Garden Center Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

778

Businesses Nearby

Explore this area Business Placement

Demographics for 75034, TX

47,734

Population

23,836

Households

2

Avg Household Size

36

Median Age

63%

College-Educated

97%

High-School Grad

15.9 sq mi

ZIP Area

3,002

Density / Sq Mi

$107,945

Median Household Income

$67,256

Median Earnings

$1,730

Median Rent

$679,500

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - A 2017-built property with central heating and air conditioning serves office use in Frisco.

Where is this office building located?

The property is located at 5899 Preston Road 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; Built in 2017 with brick construction and a shingle roof; F4 zoning; identified as a Class B office property