Reconstructed Office
For Sale
$1,295,000
7010 Ash St, Frisco, TX 75034
Multiple private offices, upgraded systems, and ADA-compliant restrooms support office, medical, or salon use.
Property Size3,131 SF
Price / SF$413.61
Days on Market48
Property Features for 7010 Ash St
General Information
Standard status
Active
Size
3,131 SF
Building Details
Year Built
1987
Listing Agency:
Redbud Offices LLC
(469) 434-7300
Listed By:
Anoo Sathappun · License #0635204
Source:
Thebryandavisgroup
Added: Jul 14
Changed: Aug 29
Last Checked: Aug 25 at 5:38AM
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 Redbud Offices LLC
Investment Insights
Based on property information with market context.
This office building offers multiple private offices and has undergone comprehensive reconstruction. Improvements include updated HVAC, electrical, plumbing, doors, windows, trim, flooring, paint, fixtures, and ADA restrooms. Hospital-grade electrical wiring is also in place.
The property occupies a corner location at 5th and Ash Street in Frisco, with new concrete, sidewalks, bicycle parking, and vehicle parking completed under an approved City of Frisco site plan. Permitted uses include office, medical, and salon operations; schools, daycare facilities, and churches are excluded. Originally built in 1987, the building is positioned for either owner occupancy or investment use.
The property occupies a corner location at 5th and Ash Street in Frisco, with new concrete, sidewalks, bicycle parking, and vehicle parking completed under an approved City of Frisco site plan. Permitted uses include office, medical, and salon operations; schools, daycare facilities, and churches are excluded. Originally built in 1987, the building is positioned for either owner occupancy or investment use.
Key Highlights
- Multiple private offices within a fully reconstructed office building
- Hospital‑grade electrical wiring
- Updated HVAC, electrical, plumbing, doors, windows, flooring, and fixtures
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
$64,231
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
4.96%
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%
$1,284,620
$1.3M
Cap Rate 7%
$917,586
$917.6K
Cap Rate 9%
$713,678
$713.7K
Market Conditions
NOI Build-Up for 3,131 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
$98.4K $31.44/SF
− Vacancy
−$12.8K −$4.09/SF
EGI
$85.6K $27.35/SF
− OpEx
−$21.4K −$6.84/SF
NOI
$64.2K $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%
$1,284,620
Cap Rate 7%
$917,586
Cap Rate 9%
$713,678
Alternative Uses
Best Use
Office B
$917.6K
$802.9K – $1.07M
NOI $64,231 @ 7.0% cap · market cap 4.96%
Second Best
Healthcare Medical
$579.7K
$507.2K – $676.3K
NOI $40,578 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,511 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,373
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 building - Multiple private offices, upgraded systems, and ADA-compliant restrooms support office, medical, or salon use.
Where is this office building located?
The property is located at 7010 Ash St Frisco, TX.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Multiple private offices within a fully reconstructed office building; Hospital‑grade electrical wiring; Updated HVAC, electrical, plumbing, doors, windows, flooring, and fixtures
