Mixed-Use Live-Work
For Sale
Contact for pricing
6959 Oak St, Frisco, TX 75033
Historic downtown asset with office, retail, and residential-use potential under Frisco OD and OTC zoning.
Property Size1,250 SF
Price / SF$396
Days on Market346
Property Features for 6959 Oak St
General Information
Standard status
Active
Size
1,250 SF
Class
C
Property subtype
Land, Mixed Use, Office, Retail
Zoning
(S0982OTC) FRISCO OD ZONED OTC
Additional Details
Highway Access
Yes
Building Details
Year Built
1955
Buildings
1
Stories
1
Owner Occupied
No
Abandoned
No
Listing Agency:
The Agency Frisco
(214) 368-4663
Listed By:
Hillary Leutwyler · License #0562828
Source:
Crexi
Added: Sep 19, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:02AM
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 The Agency Frisco
Investment Insights
Based on property information with market context.
This 1,250-square-foot property was built in 1955 and is currently occupied for residential use. Its zoning framework supports a range of commercial and residential applications, including office, retail, and live-work redevelopment. The existing occupancy should be respected during any inspection or showing activity.
The property is located one block from Main Street in historic downtown Frisco, near historic landmarks and adjacent to public parking. Restaurants, retail, and community amenities are nearby, while the Dallas North Tollway and Toyota Stadium are approximately five minutes away.
Zoned Frisco Original Donation (OD) and OTC, the site offers a compact existing building with potential for a mixed-use configuration. The property is offered for sale.
The property is located one block from Main Street in historic downtown Frisco, near historic landmarks and adjacent to public parking. Restaurants, retail, and community amenities are nearby, while the Dallas North Tollway and Toyota Stadium are approximately five minutes away.
Zoned Frisco Original Donation (OD) and OTC, the site offers a compact existing building with potential for a mixed-use configuration. The property is offered for sale.
Key Highlights
- 1,250‑square‑foot building constructed in 1955
- Zoned Frisco Original Donation (OD) and OTC
- One block from Main Street in historic downtown Frisco
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
$25,643
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
5.18%
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%
$512,860
$512.9K
Cap Rate 7%
$366,329
$366.3K
Cap Rate 9%
$284,922
$284.9K
Market Conditions
NOI Build-Up for 1,250 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
$39.3K $31.44/SF
− Vacancy
−$5.1K −$4.09/SF
EGI
$34.2K $27.35/SF
− OpEx
−$8.5K −$6.84/SF
NOI
$25.6K $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 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%
$512,860
Cap Rate 7%
$366,329
Cap Rate 9%
$284,922
Alternative Uses
Best Use
Office B
$366.3K
$320.5K – $427.4K
NOI $25,643 @ 7.0% cap · market cap 5.18%
Second Best
Mixed Use
$246.4K
$215.6K – $287.5K
NOI $17,250 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$487.7K
$426.7K – $569.0K
NOI $34,139 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic downtown asset with office, retail, and residential-use potential under Frisco OD and OTC zoning.
Where is this mixed-use property located?
The property is located at 6959 Oak St Frisco, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,250‑square‑foot building constructed in 1955; Zoned Frisco Original Donation (OD) and OTC; One block from Main Street in historic downtown Frisco
