Frisco Retail Building with
For Sale
Contact for pricing
7511 Main St, Frisco, TX 75034
Three-story retail building with parking in Frisco's Rail District.
Property Size23,878 SF
Lot Size1.62 Acres
Price / SF$540.25
Days on Market160
Property Features for 7511 Main St
General Information
Standard status
Active
Size
23,878 SF
Total Parking Spaces
116
Lot size
1.62 Acres
Property subtype
Retail
Zoning
OTC
Lease Type
NNN
Building Details
Year Built
2020
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Nack Realty
Listed By:
Kelly Lyons · License #TX 708314
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 22 at 9:30AM
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 Nack Realty
Investment Insights
Based on property information with market context.
This is a 23,878 square-foot, three-story building constructed in 2020. Situated on a 1.62-acre lot, the property features eight retail tenants. It is located on the corner of Main Street and South County Road, in the heart of Frisco’s Downtown Rail District. The property includes a rooftop patio that offers expansive views. Additionally, there is an attached two-story garage providing 116 parking spaces.
Key Highlights
- High‑traffic location on the hard corner of Main St & S County Rd in Frisco's Downtown Rail District.
- Substantial 23,878 SF 3‑story building built in 2020.
- Attractive 6.22% CAP Rate.
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
$509,830
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
3.95%
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%
$10,196,600
$10.2M
Cap Rate 7%
$7,283,286
$7.3M
Cap Rate 9%
$5,664,778
$5.7M
Market Conditions
NOI Build-Up for 23,878 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
$765.1K $32.04/SF
− Vacancy
−$36.7K −$1.54/SF
EGI
$728.3K $30.50/SF
− OpEx
−$218.5K −$9.15/SF
NOI
$509.8K $21.35/SF
Area
Frisco, TX
Vacancy
4.80%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
30.00%
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%
$10,196,600
Cap Rate 7%
$7,283,286
Cap Rate 9%
$5,664,778
Alternative Uses
Best Use
Industrial
$7.28M
$6.37M – $8.50M
NOI $509,830 @ 7.0% cap · market cap 3.95%
Second Best
Retail
$2.21M
$1.94M – $2.58M
NOI $154,830 @ 7.0% cap · market cap 1.20%
Theoretical Best
Office A
$9.32M
$8.15M – $10.87M
NOI $652,133 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
975
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Three-story retail building with parking in Frisco's Rail District.
Where is this retail space located?
The property is located at 7511 Main St Frisco, TX.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: High‑traffic location on the hard corner of Main St & S County Rd in Frisco's Downtown Rail District.; Substantial 23,878 SF 3‑story building built in 2020.; Attractive 6.22% CAP Rate.
