New Cold Shell Office
For Sale
$1,250,000
7700 Preston Rd, Frisco, TX 75035
Brand-new office unit with a customizable interior and available building signage opportunities.
Property Size3,222 SF
Price / SF$387.96
Days on Market9
Property Features for 7700 Preston Rd
General Information
Standard status
Active
Size
3,222 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2024
Listing Agency:
Weichert Realtors/Property Partners
(469) 487-1519
Listed By:
Phillip Watford
Source:
Xome
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 29 at 7:35AM
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 Weichert Realtors/Property Partners
Investment Insights
Based on property information with market context.
Suite 1001 is a 3,222-square-foot office unit delivered as a cold shell, allowing the interior to be configured for medical, dental, or other professional office operations. The building was completed in 2024, and signage opportunities are available on the property.
The office park sits at 7700 Preston Rd in Frisco, north of Stonebrook Pkwy and Rolater Rd. Preston Road carries more than 62,000 vehicles daily, while the site provides access to the Dallas North Tollway and Sam Rayburn Tollway. Nearby destinations include Stonebriar Centre, Legacy West, The Shops at Legacy, The Star, Frisco Square, and Toyota Stadium.
The office park sits at 7700 Preston Rd in Frisco, north of Stonebrook Pkwy and Rolater Rd. Preston Road carries more than 62,000 vehicles daily, while the site provides access to the Dallas North Tollway and Sam Rayburn Tollway. Nearby destinations include Stonebriar Centre, Legacy West, The Shops at Legacy, The Star, Frisco Square, and Toyota Stadium.
Key Highlights
- 3,222 SF cold shell office unit in Suite 1001
- Completed in 2024
- Interior ready for a custom medical, dental, or professional office build‑out
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
$66,098
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
5.29%
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%
$1,321,960
$1.3M
Cap Rate 7%
$944,257
$944.3K
Cap Rate 9%
$734,422
$734.4K
Market Conditions
NOI Build-Up for 3,222 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
$101.3K $31.44/SF
− Vacancy
−$13.2K −$4.09/SF
EGI
$88.1K $27.35/SF
− OpEx
−$22.0K −$6.84/SF
NOI
$66.1K $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%
$1,321,960
Cap Rate 7%
$944,257
Cap Rate 9%
$734,422
Alternative Uses
Best Use
Office B
$944.3K
$826.2K – $1.10M
NOI $66,098 @ 7.0% cap · market cap 5.29%
Second Best
Healthcare Medical
$596.5K
$522.0K – $696.0K
NOI $41,757 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,996 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 75035, TX
82,596
Population
29,198
Households
2.8
Avg Household Size
35
Median Age
68%
College-Educated
96%
High-School Grad
24.9 sq mi
ZIP Area
3,317
Density / Sq Mi
$161,030
Median Household Income
$83,321
Median Earnings
$2,171
Median Rent
$562,300
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?
Office units - Brand-new office unit with a customizable interior and available building signage opportunities.
Where is this office units located?
The property is located at 7700 Preston Rd Frisco, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,222 SF cold shell office unit in Suite 1001; Completed in 2024; Interior ready for a custom medical, dental, or professional office build‑out
