Office Unit with Monument
For Sale
$500,000
8765 Stockard Drive, Frisco, TX 75034
2014 office unit with a granite-counter kitchen, central air, and electric service.
Property Size1,165 SF
Price / SF$429.18
Days on Market200
Property Features for 8765 Stockard Drive
General Information
Standard status
Active
Size
1,165 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
monument sign
kitchen with granite countertops
Central Air, Electric
3
Building Details
Year Built
2014
Listing Agency:
Elevated Property Management L
Listed By:
Connor Nichols · License #0648327
(972) 345-0344
Source:
Xome
Added: Feb 19
Changed: Sep 1
Last Checked: Sep 6 at 4:39AM
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 Elevated Property Management L
Investment Insights
Based on property information with market context.
This office unit at 8765 Stockard Drive, Unit 404, was built in 2014 and includes central air and electric service. Interior improvements include a kitchen finished with granite countertops, providing a dedicated amenity within the suite. A monument sign supports property identification from the site.
The property is near Preston and Highway 121, with Legacy West also nearby. Its office configuration and existing features can accommodate a range of commercial operations, including software, insurance, billing, and medical office uses as identified for the property.
The property is near Preston and Highway 121, with Legacy West also nearby. Its office configuration and existing features can accommodate a range of commercial operations, including software, insurance, billing, and medical office uses as identified for the property.
Key Highlights
- Office unit at 8765 Stockard Drive Unit 404, Frisco, TX 75034
- Built in 2014
- Monument sign for on‑site property identification
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
$23,900
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
4.78%
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%
$478,000
$478.0K
Cap Rate 7%
$341,429
$341.4K
Cap Rate 9%
$265,556
$265.6K
Market Conditions
NOI Build-Up for 1,165 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
$36.6K $31.44/SF
− Vacancy
−$4.8K −$4.09/SF
EGI
$31.9K $27.35/SF
− OpEx
−$8.0K −$6.84/SF
NOI
$23.9K $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%
$478,000
Cap Rate 7%
$341,429
Cap Rate 9%
$265,556
Alternative Uses
Best Use
Office B
$341.4K
$298.8K – $398.3K
NOI $23,900 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.5K
$397.7K – $530.3K
NOI $31,817 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,699
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 2014 office unit with a granite-counter kitchen, central air, and electric service.
Where is this office units located?
The property is located at 8765 Stockard Drive Frisco, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Office unit at 8765 Stockard Drive Unit 404, Frisco, TX 75034; Built in 2014; Monument sign for on‑site property identification
