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 Market206
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: Oct 3
Last Checked: Oct 7 at 9:13AM
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 / Yr
$509,830
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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.
