Medical-Ready Office
For Sale
Contact for pricing
8668 John Hickman Parkway #202, Frisco, TX 75034
Office unit with three private rooms, built-in medical plumbing, conference space, and elevated ceilings.
Property Size4,500 SF
Price / SF$0.61
Days on Market57
Property Features for 8668 John Hickman Parkway #202
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Office
Additional Details
Office Units
4
Building Details
Year Built
2017
Buildings
1
Building Size
4,500 SF
Listing Agency:
Citiwide Alliance Realty
(214) 326-0399
Listed By:
Srinivas Chidurala · License #0636022
(207) 266-8302
Source:
Lonestarluxuryrealty
Added: Sep 9
Changed: Oct 29
Last Checked: Nov 3 at 7:42AM
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 Citiwide Alliance Realty
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Investment Insights
Based on property information with market context.
Office Unit 202 provides 1,150 square feet in a four-unit building completed in 2017. The layout includes three sizable offices, a reception area, conference room, kitchen and break area, restroom, and attic storage. Each office has rough-in plumbing that supports medical-office configuration. Interior details include crown molding, recessed lighting, large windows with 2-inch blinds, and an 11-foot raised ceiling in the conference room. A security system is available.
The property is located at 8668 John Hickman Parkway in Frisco, near Preston Mall and Legacy office buildings. The building contains approximately 4,500 square feet across four units, with Unit 201 positioned at the corner and providing the primary road entrance.
The property is located at 8668 John Hickman Parkway in Frisco, near Preston Mall and Legacy office buildings. The building contains approximately 4,500 square feet across four units, with Unit 201 positioned at the corner and providing the primary road entrance.
Key Highlights
- 1,150 SF office unit with three private rooms and reception area
- Rough‑in plumbing in all three offices for medical use
- 11‑foot raised ceiling in the conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,367
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,887,340
$1.9M
Cap Rate 7%
$1,348,100
$1.3M
Cap Rate 9%
$1,048,522
$1.0M
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$144.6K $31.44/SF
− Vacancy
−$18.8K −$4.09/SF
EGI
$125.8K $27.35/SF
− OpEx
−$31.5K −$6.84/SF
NOI
$94.4K $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 Rate 5%
$1,887,340
Cap Rate 7%
$1,348,100
Cap Rate 9%
$1,048,522
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,367 @ 7.0% cap · market cap 3,370.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,631 @ 7.0% cap · market cap 4,486.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,905
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit with three private rooms, built-in medical plumbing, conference space, and elevated ceilings.
Where is this office unit located?
The property is located at 8668 John Hickman Parkway #202 Frisco, TX.
What are key features of this property?
This property features: 1,150 SF office unit with three private rooms and reception area; Rough‑in plumbing in all three offices for medical use; 11‑foot raised ceiling in the conference room
