Finished Office Condo
For Sale
$489,000
8668 John Hickman Pkwy Unit 906, Frisco, TX 75034
Office condo with a 2024 interior finish in a business park near Preston Road and major North Texas tollways.
Property Size1,150 SF
Price / SF$425.22
Days on Market47
Property Features for 8668 John Hickman Pkwy Unit 906
General Information
Standard status
Active
Size
1,150 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2022
Listing Agency:
Keller Williams Frisco Stars
Listed By:
Vivian Chi · License #0724402
(510) 520-7398
Source:
Thebryandavisgroup
Added: Sep 9
Changed: Oct 5
Last Checked: Oct 7 at 2:05PM
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 Keller Williams Frisco Stars
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condo is located within Preston Circle Office Park and includes a 2024 fall finish-out. The property was built in 2022 and offers 1,150 of property area for office use. Its location at 8668 Johnhickman Pkwy, Unit 906, places the suite near Preston Road in Frisco.
The office park is positioned to serve business activity across Frisco, Little Elm, and North Plano. Access to the Dallas North Tollway and Sam Rayburn Tollway supports connectivity throughout the surrounding North Texas corridor. The property information also identifies Frisco’s North Platinum Corridor as part of the surrounding business area.
The office park is positioned to serve business activity across Frisco, Little Elm, and North Plano. Access to the Dallas North Tollway and Sam Rayburn Tollway supports connectivity throughout the surrounding North Texas corridor. The property information also identifies Frisco’s North Platinum Corridor as part of the surrounding business area.
Key Highlights
- 2024 fall finish‑out
- 1,150 property area
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,592
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,840
$471.8K
Cap Rate 7%
$337,029
$337.0K
Cap Rate 9%
$262,133
$262.1K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$36.2K $31.44/SF
− Vacancy
−$4.7K −$4.09/SF
EGI
$31.5K $27.35/SF
− OpEx
−$7.9K −$6.84/SF
NOI
$23.6K $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%
$471,840
Cap Rate 7%
$337,029
Cap Rate 9%
$262,133
Alternative Uses
Best Use
Office B
$337.0K
$294.9K – $393.2K
NOI $23,592 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$448.7K
$392.6K – $523.5K
NOI $31,408 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,905
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office condo with a 2024 interior finish in a business park near Preston Road and major North Texas tollways.
Where is this office unit located?
The property is located at 8668 John Hickman Pkwy Unit 906 Frisco, TX.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 2024 fall finish‑out; 1,150 property area; Built in 2022
