Built-Out Retail
New
For Sale
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590 W Frontier Parkway #130, Prosper, TX 75078
The suite is within a recently completed shopping center at the entrance to the Light Farms community.
Property Size15,485 SF
Price / SF$0.00
Days on Market4
Property Features for 590 W Frontier Parkway #130
General Information
Standard status
Active
Size
15,485 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Road Access
Yes
Tenant in Place
Yes
Building Details
Year Built
2024
Tenancy
Single
Listing Agency:
Duggan Realty Advisors L.L.C.
(972) 980-9686
Listed By:
L.J. Erickson · License #0463169
(972) 841-6386
Source:
Threetreesrealty
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 8:58AM
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 Duggan Realty Advisors L.L.C.
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Investment Insights
Based on property information with market context.
A 1,600-square-foot retail suite is part of a 15,485-square-foot shopping center completed in 2024. The space has a completed retail build-out and is occupied by Vitality Precision Chiropractic.
The center fronts Frontier Parkway and sits at the entrance to the 1,000-acre Light Farms master-planned community, which includes 3,200 residential lots. Costco, Lifetime Fitness, and Home Depot are listed among area retailers.
The center fronts Frontier Parkway and sits at the entrance to the 1,000-acre Light Farms master-planned community, which includes 3,200 residential lots. Costco, Lifetime Fitness, and Home Depot are listed among area retailers.
Key Highlights
- 1,600 SF retail suite
- Built‑out space occupied by Vitality Precision Chiropractic
- Shopping center completed in 2024; 15,485 SF total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,161
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,983,220
$5.0M
Cap Rate 7%
$3,559,443
$3.6M
Cap Rate 9%
$2,768,456
$2.8M
Market Conditions
NOI Build-Up for 15,485 SF
Gross rent
$373.5K $24.12/SF
− Vacancy
−$17.6K −$1.13/SF
EGI
$355.9K $22.99/SF
− OpEx
−$106.8K −$6.90/SF
NOI
$249.2K $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,983,220
Cap Rate 7%
$3,559,443
Cap Rate 9%
$2,768,456
Alternative Uses
Best Use
Retail
$3.56M
$3.11M – $4.15M
NOI $249,161 @ 7.0% cap · market cap 498,322.00%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$15.39M
$13.46M – $17.95M
NOI $1,077,079 @ 7.0% cap · market cap 2,154,158.00%
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
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 92%
Shops & Services 8%
Starbucks
Dining
10,520 visits/mo
0.5 miles
Public Storage
Shops & Services
905 visits/mo
0.2 miles
Demographics for 75078, TX
38,980
Population
14,409
Households
2.7
Avg Household Size
34
Median Age
63%
College-Educated
97%
High-School Grad
31.6 sq mi
ZIP Area
1,234
Density / Sq Mi
$187,634
Median Household Income
$82,714
Median Earnings
$2,284
Median Rent
$650,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The suite is within a recently completed shopping center at the entrance to the Light Farms community.
Where is this retail space located?
The property is located at 590 W Frontier Parkway #130 Prosper, TX.
What are key features of this property?
This property features: 1,600 SF retail suite; Built‑out space occupied by Vitality Precision Chiropractic; Shopping center completed in 2024; 15,485 SF total
