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    Downtown Retail Office Space Title is generated by Realmo AI

    601 N 4th Street, Princeton, TX 75407

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    New
    For Lease
    $4,850/Mo $16 SF/Yr (calc)

    Versatile storefront with large open interior, multiple entry doors, and separate office or storage rooms.

    Property size:
    3,584 SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:02 am

    Property Features for 601 N 4th Street

    General Information

    Standard status
    Active
    Size
    3,584 SF

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Alan Baxter

    Listing agent Alan Baxter License #0677740

    Listing office Keller Williams Central

    Listing date Jun 4, 2026

    Source Signaturere

    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 Keller Williams Central

    HighLights

    • 1950‑built downtown Princeton storefront with a large open interior for flexible business setup
    • Three front entry doors plus one rear entry door opening to the rear parking lot
    • Includes large men’s and women’s bathrooms
    • 3 small interior rooms suitable for an office, tech room, or storage

    Overview

    This rentable commercial space features a large open interior designed to be configured for a variety of business needs. The layout includes three entry doors at the front and an additional entry door at the back that opens to the rear parking lot, supporting convenient customer and staff flow. The property also includes large men’s and women’s restrooms and three smaller rooms that can function as offices, a tech room, or storage.

    Located in downtown Princeton, the space is surrounded by other businesses that draw foot traffic. Access is straightforward with front entry doors and direct back access to the rear parking lot.

    The open plan and flexible back door entry make the space workable for retail, service, or office users who want to tailor the interior layout. With built-in restroom facilities and multiple smaller rooms for support functions, it can support day-to-day operations without requiring significant interior partitioning from scratch. Schedule a viewing to confirm fit for your specific use and layout requirements.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Collin
    State
    Texas
    Longitude
    -96.496824
    Latitude
    33.1803581

    Nearby Similar for Lease

    • $4,850/Mo

      Downtown Retail Storefront

      Flexible retail layout with multiple entry doors, large open interior, and rear access to parking.
      601 N 4th Street, Princeton, TX 75407
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      12,580 SF

      Retail Space at Shoppes Southgate

      Retail spaces available for lease in Princeton, Texas.
      1001 E Princeton Dr, Princeton, TX 75047
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      New Retail Space in Princeton

      New retail space with drive-thru opportunity in Princeton, Texas.
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      Retail Center Near Princeton High

      Retail spaces for lease near Princeton High School.
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      Retail Space For Lease

      17,991 SF retail space available for lease.
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      View Details

    FAQs

    What type of property is this?
    Storefront property - Versatile storefront with large open interior, multiple entry doors, and separate office or storage rooms.
    Where is this storefront property located?
    The property is located at 601 N 4th Street Princeton, TX.
    What is the lease rate?
    The lease rate is $4,850 /Mo.
    What are key features of this property?
    This property features: 1950‑built downtown Princeton storefront with a large open interior for flexible business setup; Three front entry doors plus one rear entry door opening to the rear parking lot; Includes large men’s and women’s bathrooms
    (903) 456-9162
    We can help!
    Listing Contact
    Alan Baxter
    Real Estate License ID: 0677740
    Learn More
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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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