Finished Flex Space with
New
For Sale
$449,000
6767 All Stars Avenue #E16, Frisco, TX 75033
Commercially zoned condominium with a finished mezzanine, private baths, and controlled-access community amenities.
Property Size1,066 SF
Price / SF$421.20
Days on Market2
Property Features for 6767 All Stars Avenue #E16
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Drive-In Doors
1
Amenities
24-7 private owners clubhouse
full bath
shower
lounge
TV
WiFi
controlled access gates
security cameras
security fencing
wet bar
private half bath
utility room with LG washer and dryer
tankless water heater
utility sink
premium industrial high bay fan
smart controlled lighting
Building Details
Building Size
1,066 SF
Year Built
2018
Stories
2
Units
1
Listing Agency:
Keller Williams Legacy
(972) 599-7000
Listed By:
Scott Palmer
Source:
Fullhouserealtytx
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 1:00PM
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 Legacy
Investment Insights
Based on property information with market context.
Unit E16 is a 1,066 SF commercial condominium completed in 2018, configured as finished flex space with an open garage area and loft mezzanine. The property includes a full bath with shower, an upper-level half bath, luxury vinyl plank flooring, a wet bar, custom cabinetry, open shelving, and LED accent lighting. A cable railing staircase connects the levels, while HVAC, smart lighting controls, and a premium industrial high bay fan support the interior. The garage features a grade-level overhead door with opener and full-width screen, plus a finished utility room with an LG washer and dryer, tankless water heater, and utility sink.
The property is commercially zoned and located within Garages of Texas, a controlled-access community with security cameras, security fencing, 50-foot-wide drive aisles, and a 24-7 private owners clubhouse. The clubhouse includes a full bath, shower, lounge, TV, and WiFi. Unit E16 is adjacent to the Cottonwood Creek Greenbelt Trail and near The Star, Toyota Stadium, Legacy West, PGA Frisco, Dallas North Tollway, and Stonebriar Centre.
The property is commercially zoned and located within Garages of Texas, a controlled-access community with security cameras, security fencing, 50-foot-wide drive aisles, and a 24-7 private owners clubhouse. The clubhouse includes a full bath, shower, lounge, TV, and WiFi. Unit E16 is adjacent to the Cottonwood Creek Greenbelt Trail and near The Star, Toyota Stadium, Legacy West, PGA Frisco, Dallas North Tollway, and Stonebriar Centre.
Key Highlights
- 1,066 SF commercial condominium completed in 2018
- Finished loft mezzanine with wet bar, custom cabinetry, and private half bath
- Grade‑level overhead door with opener and full‑width screen
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
$23,213
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
5.17%
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%
$464,260
$464.3K
Cap Rate 7%
$331,614
$331.6K
Cap Rate 9%
$257,922
$257.9K
Market Conditions
NOI Build-Up for 1,066 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
$38.0K $35.64/SF
− Vacancy
−$2.3K −$2.14/SF
EGI
$35.7K $33.50/SF
− OpEx
−$12.5K −$11.73/SF
NOI
$23.2K $21.78/SF
Area
Frisco, TX
Vacancy
6.00%
Lease Rate
$35.64 /SF/Yr
Expense Ratio
35.00%
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%
$464,260
Cap Rate 7%
$331,614
Cap Rate 9%
$257,922
Alternative Uses
Best Use
Flex RnD
$331.6K
$290.2K – $386.9K
NOI $23,213 @ 7.0% cap · market cap 5.17%
Second Best
Industrial
$325.2K
$284.5K – $379.4K
NOI $22,761 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$415.9K
$363.9K – $485.2K
NOI $29,114 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned condominium with a finished mezzanine, private baths, and controlled-access community amenities.
Where is this flex space located?
The property is located at 6767 All Stars Avenue #E16 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: 1,066 SF commercial condominium completed in 2018; Finished loft mezzanine with wet bar, custom cabinetry, and private half bath; Grade‑level overhead door with opener and full‑width screen
