Allen Corporate Center Office
740 North Watters Road Allen, TX 75013
For Sale
Contact for pricing
Four-building office campus in Allen's primary office corridor.
Property Size82,834 SF
Price / SF$261.97
Days on Market138
Property Features for 740 North Watters Road
General Information
- Standard status
- Active
- Size
- 82,834 SF
- Property subtype
- Office
Building Details
- Year Built
- 2017
Listing Agency:
Hudson Peters Commercial
(214) 389-3663
Listed By:
Michelle Hudson · License #TX 629153
Source:
Crexi
Added: Mar 9
Changed: Jul 6
Last Checked: Jul 23 at 9:22AM
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 Hudson Peters Commercial
Investment Insights
Based on property information with market context.
Allen Corporate Center is a four-building office campus situated in the central office area of Allen, Texas, just west of US-75. The location provides good visibility, accessibility, and proximity to retail, dining, and residential areas. The property offers a mix of stable income and potential for future growth. The buildings have efficient floor plans, private entrances, ample parking, and drive-up access, which are attractive to small and midsize office tenants seeking convenience and control. The tenant base includes financial services, healthcare, professional services, construction, and government users. The weighted average lease term is just over 3 years, with near- and mid-term rollover that allows for potential rent increases in a submarket with limited new office supply. The property is suitable for investors seeking consistent income with growth potential, without the complexities of larger office assets. The total property size is 82,834 square feet.
Key Highlights
- Located in the heart of Allen's primary office corridor with strong visibility and excellent access.
- Offers a combination of predictable in‑place cash flow and future upside potential.
- Below replacement cost basis provides downside protection.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.80M | $21.72 |
| − Vacancy | −$453.4k | −$5.47 |
| EGI | $1.35M | $16.25 |
| − OpEx | −$336.4k | −$4.06 |
| NOI | $1.01M | $12.18 |
82,834 SF · lease $21.72/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$14.42M
$12.62M – $16.82M
NOI $1,009,326 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$21.96M
$19.21M – $25.62M
NOI $1,536,928 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CEC®
Land Surveyor
FAQs
What type of property is this?
Office building - Four-building office campus in Allen's primary office corridor.
Where is this office building located?
The property is located at 740 North Watters Road Allen, TX.
What is the asking price?
The asking price for this property is $21,700,000.
What are key features of this property?
This property features: Located in the heart of Allen's primary office corridor with strong visibility and excellent access.; Offers a combination of predictable in‑place cash flow and future upside potential.; Below replacement cost basis provides downside protection.
