Frisco Office/Medical/Retail Building For
For Sale
$1,295,000
7010 Ash Street, Frisco, TX 75034
Corner property suitable for office, medical, or retail use.
Property Size3,131 SF
Price / SF$413.61
Days on Market151
Property Features for 7010 Ash Street
General Information
Standard status
Active
Size
3,131 SF
Property subtype
Commercial
Zoning
OTC
Building Details
Building Size
3,131 SF
Year Built
1987
Units
1
Listing Agency:
Redbud Offices LLC
(469) 434-7300
Listed By:
Anoo Sathappun · License #0635204
(469) 434-7300
Source:
Vickiesteam
Added: Mar 26
Changed: Aug 23
Last Checked: Aug 22 at 10:48AM
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 constructed building is suitable for office, medical, or salon use. Note that schools, daycare facilities, and churches are not permitted. The property is suitable for investment or self-use. It features multiple private offices and hospital-grade electrical wiring. Situated on a double street corner at 5th & Ash St, the building has undergone a complete reconstruction, including the interior, HVAC, electrical, plumbing, and ADA-compliant restrooms. Updates include doors, trims, windows, flooring, painting, and electric and plumbing fixtures. Exterior improvements feature new concrete, sidewalks, bicycle parking, and car parking, all as per the approved site plan from the City of Frisco. The property size is 3131 square feet.
Key Highlights
- Fully reconstructed building with new interior, HVAC, electrical, plumbing, and ADA restrooms.
- Suitable for office, medical, or salon use.
- Double street corner property at 5th & Ash St.
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
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner property suitable for office, medical, or retail use.
Where is this medical office space located?
The property is located at 7010 Ash Street 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: Fully reconstructed building with new interior, HVAC, electrical, plumbing, and ADA restrooms.; Suitable for office, medical, or salon use.; Double street corner property at 5th & Ash St.
