Finished Flex Condominium with
For Sale
$449,000
6767 All Stars Avenue, Frisco, TX 75033
CommercialSale, Frisco, TX
Property Size1,066 SF
Lot Size8.49 Acres
Price / SF$421.20
Days on Market71
Property Features for 6767 All Stars Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Security features
Security
Subdivision
Garages Of Texas Frisco Condo
Directions
Follow GPS to 6767 All Stars Ave Frisco, TX. This is gated community and access is restricted. Agent must provide access to the property and the unit.
Standard status
Active
APN
R1194700E0E161
Lot size
8.49 Acres
Taxes and HOA fees
Tax Description
GARAGES OF TEXAS @ FRISCO CONDOMINIUM (CFR),
Tax Annual Amount
5290
Legal Description
GARAGES OF TEXAS @ FRISCO CONDOMINIUM (CFR),
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
clubhouse
full bath
shower
lounge
TV
WiFi
controlled access gates
security cameras
security fencing
high bay fan
washer and dryer
tankless water heater
utility sink
HVAC
smart controlled lighting
smart fan
smart thermostat
Building Details
Year built
2018
Floors in Building
2
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding, Concrete
Roof type
Metal
Listing Agency:
Keller Williams Legacy · Keller Williams Realty
(972) 599-7000
Listed By:
Scott Palmer
(972) 599-7000
Added: Jun 13
Changed: Aug 21
Last Checked: Aug 22 at 9:06AM
MLS# 21293372
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit E16 is a fully finished flex condominium spanning 1,066 SF, with an open garage area, loft mezzanine, and custom cable-railing staircase. The upper level includes luxury vinyl plank flooring, a wet bar, custom cabinetry, open shelving, LED accent lighting, and a private half bath. The main level features a grade-level overhead door with opener and full-width screen, premium industrial high-bay fan, finished utility room, utility sink, LG washer and dryer, tankless water heater, and HVAC throughout. Smart controls operate the lighting, fan, and thermostat.
The property is commercially zoned within Garages of Texas and includes access to a private owners clubhouse with a full bath, shower, lounge, TV, and WiFi. The community also provides controlled access gates, security cameras, security fencing, and 50-foot-wide drive aisles. The site 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 within Garages of Texas and includes access to a private owners clubhouse with a full bath, shower, lounge, TV, and WiFi. The community also provides controlled access gates, security cameras, security fencing, and 50-foot-wide drive aisles. The site 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 flex condominium with finished garage area and loft mezzanine
- Loft includes wet bar, custom cabinetry, LED accent lighting, 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
656
Businesses Nearby
Well-served
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 - Upgraded commercial condominium with a mezzanine, wet bar, private baths, and a grade-level overhead door.
Where is this flex space located?
The property is located at 6767 All Stars Avenue 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 flex condominium with finished garage area and loft mezzanine; Loft includes wet bar, custom cabinetry, LED accent lighting, and private half bath; Grade‑level overhead door with opener and full‑width screen
