Remodeled Office Condo with Private
New
For Sale
$459,900
7000 Parkwood Boulevard, Frisco, TX 75034
SINGLE_FAMILY - Frisco, TX
Property Size1,125 SF
Lot Size3.56 Acres
Price / SF$408.80
Days on Market3
Property Features for 7000 Parkwood Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning description
Planned Development
Subdivision
Parkwood Office Add Condo
Directions
Use GPS
Standard status
Active
APN
R969500D02001
Lot size
3.56 Acres
Taxes and HOA fees
Tax Description
PARKWOOD OFFICE ADDITION CONDOMINIUM (CFR), B
Tax Annual Amount
6978
Legal Description
PARKWOOD OFFICE ADDITION CONDOMINIUM (CFR), B
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2014
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Brick, StoneVeneer
Roof type
Shingle
Listing Agency:
Scott Brown Properties, Inc
(940) 243-7368
Listed By:
Ryan Burks · License #0790768
(940) 243-7653
Added: Aug 14
Last Checked: Aug 16 at 2:06PM
MLS# 21359369
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.
This 1,125-square-foot office condo offers a practical layout for an owner-user, with a reception area, four private offices, a conference room, bathroom, and kitchenette. Interior improvements completed in fall 2025 include new paint, flooring, light fixtures, and hardware. The suite is described as ready for occupancy upon closing, providing a defined office environment within a 2014-built property.
The property is located at 7000 Parkwood Boulevard in Frisco, near Stonebrook and the Dallas North Tollway. Building features include brick and stone veneer construction, vinyl flooring, central heating, central air, a shingle roof, public water, and public sewer. The office configuration supports a range of professional operations requiring both private work areas and shared meeting space.
The property is located at 7000 Parkwood Boulevard in Frisco, near Stonebrook and the Dallas North Tollway. Building features include brick and stone veneer construction, vinyl flooring, central heating, central air, a shingle roof, public water, and public sewer. The office configuration supports a range of professional operations requiring both private work areas and shared meeting space.
Key Highlights
- 1,125‑square‑foot office condo
- Remodeled in fall 2025 with updated paint, flooring, light fixtures, and hardware
- Layout includes reception, 4 private offices, conference room, bathroom, and kitchenette
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
$23,079
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
5.02%
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%
$461,580
$461.6K
Cap Rate 7%
$329,700
$329.7K
Cap Rate 9%
$256,433
$256.4K
Market Conditions
NOI Build-Up for 1,125 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
$35.4K $31.44/SF
− Vacancy
−$4.6K −$4.09/SF
EGI
$30.8K $27.35/SF
− OpEx
−$7.7K −$6.84/SF
NOI
$23.1K $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%
$461,580
Cap Rate 7%
$329,700
Cap Rate 9%
$256,433
Alternative Uses
Best Use
Office B
$329.7K
$288.5K – $384.7K
NOI $23,079 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.9K
$384.1K – $512.1K
NOI $30,725 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 75034, TX
47,734
Population
23,836
Households
2
Avg Household Size
36
Median Age
63%
College-Educated
97%
High-School Grad
15.9 sq mi
ZIP Area
3,002
Density / Sq Mi
$107,945
Median Household Income
$67,256
Median Earnings
$1,730
Median Rent
$679,500
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?
Office units - Recently updated workspace combines reception, private offices, and a kitchenette.
Where is this office units located?
The property is located at 7000 Parkwood Boulevard Frisco, TX.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 1,125‑square‑foot office condo; Remodeled in fall 2025 with updated paint, flooring, light fixtures, and hardware; Layout includes reception, 4 private offices, conference room, bathroom, and kitchenette
