Office Unit with Planned
For Sale
Contact for pricing
7700 Preston Road #1003, Frisco, TX 75034
Shell-condition office unit planned for a finished professional layout with reception, private offices, conference, and open work areas.
Property Size3,289 SF
Price / SF$445
Days on Market18
Property Features for 7700 Preston Road #1003
General Information
Standard status
Active
Size
3,289 SF
Class
B
Property subtype
Office
Additional Details
Office Units
1
Listing Agency:
Cloudloft
Listed By:
Susie Priebe · License #0589418
Source:
Crexi
Added: Aug 5
Changed: Aug 13
Last Checked: Aug 20 at 6:25AM
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 Cloudloft
Investment Insights
Based on property information with market context.
This 3,289-square-foot office unit is currently in shell condition, with construction expected to begin soon. The planned buildout organizes the space around a reception area, executive offices, conference room, open work area, break room, private restrooms, and durable contemporary finishes.
The property is being developed within a 40-unit professional office park. Buyers can acquire the unit before completion and participate in a new office configuration without overseeing the construction work themselves.
The property is being developed within a 40-unit professional office park. Buyers can acquire the unit before completion and participate in a new office configuration without overseeing the construction work themselves.
Key Highlights
- 3,289‑square‑foot office unit currently in shell condition
- Planned buildout includes reception, executive offices, conference room, and open work area
- Break room and private restrooms included in the planned layout
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
$67,473
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
4.61%
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%
$1,349,460
$1.3M
Cap Rate 7%
$963,900
$963.9K
Cap Rate 9%
$749,700
$749.7K
Market Conditions
NOI Build-Up for 3,289 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
$103.4K $31.44/SF
− Vacancy
−$13.4K −$4.09/SF
EGI
$90.0K $27.35/SF
− OpEx
−$22.5K −$6.84/SF
NOI
$67.5K $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%
$1,349,460
Cap Rate 7%
$963,900
Cap Rate 9%
$749,700
Alternative Uses
Best Use
Office B
$963.9K
$843.4K – $1.12M
NOI $67,473 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,826 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
793
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Shell-condition office unit planned for a finished professional layout with reception, private offices, conference, and open work areas.
Where is this office units located?
The property is located at 7700 Preston Road #1003 Frisco, TX.
What is the asking price?
The asking price for this property is $1,463,605.
What are key features of this property?
This property features: 3,289‑square‑foot office unit currently in shell condition; Planned buildout includes reception, executive offices, conference room, and open work area; Break room and private restrooms included in the planned layout
