Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Frisco Hospitality Property for Sale Title is generated by Realmo AI

    3199 Parkwood Blvd, Frisco, TX 75034

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Hospitality property available in Frisco, Texas.

    Type:Hospitality
    Added:
    May 7, 2024
    Days on Market:
    759
    Last Refresh:
    May 13 at 8:11 pm

    Property Features for 3199 Parkwood Blvd

    General Information

    Standard status
    Active
    Property subtype
    Hospitality

    We can help!

    Listing Contact
    Austin Brooks

    Listing agent Austin Brooks License #TX 610115

    Listing office Hodges Ward Elliott

    Listing date May 7, 2024

    Source Crexi

    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 Hodges Ward Elliott

    HighLights

    • Hampton Inn & Suites Legacy Park‑Frisco hotel
    • Located in Frisco, Texas
    • Hotel & Suites
    • Legacy Park location
    • Hampton Inn Brand
    • Frisco location

    Overview

    A hospitality property is available for purchase at 3199 Parkwood Blvd in Frisco, Texas. Additional information can be found at the provided URL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hampton Inn & Suites ... Hotel & Motel Twerk City Tacos Restaurant

    Suggested Use

    Law Firm Dental Office Daycare Center Building Supply Pharmacy Auto Repair Shop Nail Salon Kitchen & Bath Showroom HVAC Service Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.8175755
    Latitude
    33.1052282

    Nearby Similar for Sale

    • $899,000

      Renovated Professional Office Building

      Turnkey, renovated office building with private offices, large conference space, and dedicated parking for on-site client visits.
      7790 Main Street, Frisco, TX 75033
      View Details
    • $1,295,000
      3,131 SF

      Medical Office Corner Building

      Turnkey office and medical-ready building with multiple private offices, hospital-grade electrical, and fresh interior and exterior reconstruction.
      7010 Ash Street, Frisco, TX 75034
      View Details
    • $2,500,000

      Turnkey Childcare Facility with Playground

      Fully furnished and ready to operate with multiple classrooms, office space, and outdoor play area plus ample parking.
      7480 Stonebrook Parkway, Frisco, TX 75034
      View Details
    • $428,849

      Leased Office Unit with Stabilized Income

      An income-producing office unit in The Offices at Stonebrook Crossing, leased to State Farm through 2027.
      400 Stonebrook Parkway, Frisco, TX 75036
      View Details
    • $530,000

      Move-In Ready Office Condominium

      Built in 2020, this light-filled office suite offers a reception area, collaborative workspace, and restroom access.
      7150 Holland Drive, Frisco, TX 75035
      View Details
    • $1,500,000

      Corner Retail Property with Existing 1940 Structure

      Highly visible hard-corner site with a tenant-occupied 1940 building, offering flexibility for continued use or redevelopment subject to approvals.
      7510 Main Street, Frisco, TX 75033
      View Details
    • $5,245,000

      High-Visibility Retail and Medical Shell

      Existing shell with prominent frontage and major-thoroughfare access, offering flexible retail, medical, or restaurant redevelopment options.
      4400 Preston Road, Frisco, TX 75034
      View Details
    • $575,000

      Updated Duplex Investment Opportunity

      Well-maintained updated duplex with two 2-bedroom units, fenced backyards, and multiple recent exterior and interior improvements.
      8943 Camfield Way, Frisco, TX 75033
      View Details
    • $416,300

      Move-In Ready Private Office Condo Suite

      Plug-and-play office suite with private offices, restroom, and kitchenette, positioned within a medical professional office park.
      4300 Punjab Way, Frisco, TX 75033
      View Details
    • $650,000

      Updated Full Duplex Opportunity

      Renovated duplex with modern finishes, two-car garages, and a flexible live-and-lease setup.
      8660 Hawthorne Street, Frisco, TX 75034
      View Details
    • $465,000

      Retail Office Condo with Private Offices

      Modern office condo with a lobby, four private offices, kitchen, and half bath in a high-traffic commercial area.
      7000 Parkwood Boulevard, Frisco, TX 75034
      View Details
    • $9,250,000
      18,580 SF

      Multi-Tenant Retail Center

      Multi-tenant retail center built in 2013, 100% leased on triple-net terms with Safelite as the largest tenant.
      6065 Sports Village Road, Frisco, TX 75033
      View Details

    FAQs

    What type of property is this?
    Hotel - Hospitality property available in Frisco, Texas.
    Where is this hotel located?
    The property is located at 3199 Parkwood Blvd Frisco, TX.
    What are key features of this property?
    This property features: Hampton Inn & Suites Legacy Park‑Frisco hotel; Located in Frisco, Texas; Hotel & Suites
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Austin Brooks
    Real Estate License ID: TX 610115
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3199 Parkwood Blvd, Frisco, TX 75034
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!