Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    291 S Preston Rd Prosper, TX 75078

    Sponsored
    For Sale
    $479,000

    Office - Prosper, TX

    Type:Office
    Lot size:
    5.55 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 18 at 10:06 pm

    Property Features for 291 S Preston Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    2880358
    Lot size
    5.55 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2023
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Michelle Lok

    Q.Co (214) 923-0288

    Listing agent Michelle Lok (214) 923-0288 License #0600400

    Listing date Jan 14, 2026

    MLS# 21144971 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Luxury Office Suite in Prosper

    This luxury office suite is located in Hays Office Park at the intersection of Preston Road and First Street in Prosper, Texas. The location provides convenient access to restaurants, shopping, and other amenities. The office space includes a reception area, a conference room or office, four additional offices, and a break room with a sink and cabinets. It also features an ADA-compliant unisex restroom. The property is situated on a 5.55-acre lot in Collin County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Edward Jones - Financial ... Financial Consultant Pari's Medspa Medical Spa Findlay Therapy Services Mental Health Service Triple Oaks Chiropractic ... Chiropractor VinTek LLC Software Company

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.785663
    Latitude
    33.234653

    Nearby Similar for Sale

    • $10,000,000
      15.00 Acres

      Prime Retail and Storage Opportunity

      Large self-storage and retail property in fast-growing Celina, Texas.
      16251 Parvin Rd, Prosper, TX 75078
      View Details
    • $10,000,000
      15.00 Acres

      Prime Land in Prosper, Texas

      15 acres zoned for self-storage and retail in booming Celina.
      16251 Parvin Rd, Prosper, TX 75078
      View Details
    • $7,000,000
      12.00 Acres

      Prime Land for Storage, Retail

      12 acres in Celina, TX, ideal for storage and retail.
      Tbd Lot B Parvin Rd, Prosper, TX 75078
      View Details
    • $1,700,000
      1.16 Acres

      Restaurant Bar in Prosper, TX

      Restaurant and bar with adjacent open lot in Prosper.
      380 W Broadway St, Prosper, TX 75078
      View Details
    • $3,100,000
      6,948 SF

      Prosper Medical Office Building For Sale

      Medical office building with long-term lease and quality construction.
      1120 Coit Rd, Prosper, TX 75078
      View Details
    • $3,500,000

      Licensed Memory Care Facility

      14-bed memory care facility in Prosper, Texas.
      209 S Church St, Prosper, TX 75078
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Prosper, Texas

      Retail spaces available in rapidly growing Prosper, Texas.
      W Frontier Pkwy & Preston Rd S, Prosper, TX
      View Details
    • Contact for pricing
      4,840 SF

      New Office Building Near Downtown

      Recently constructed office building with high-end finishes and ample parking.
      130 South Preston Rd, Prosper, TX 75078
      View Details
    • $170,000
      2,400 SF

      2111 E Universal Dr, Unit 60

      Indian Vegetarian Restaurant for sale
      2111 E Universal Dr, Prosper, TX 75078
      View Details
    • $950,000
      1,660 SF

      Prosper Office Building - Prime Location

      Modern Office Space, Fully Renovated, 0.54 Acres
      701 1St St, Prosper, TX 75078
      View Details
    • $304,999
      2,400 SF

      Downtown Prosper Commercial Lot

      Prime .08-Acre Office Development Site
      109 Broadway St, Prosper, TX 75078
      View Details
    • $990,000
      7,956 SF

      Prosper Office Building - For Sale

      Prime Prosper Office Space, 7,956 SF, 8.27 Acres
      150 Preston Rd, Prosper, TX 75078
      View Details

    FAQs

    What type of property is this?
    Office space - Luxury office suite in rapidly growing Prosper, TX. For sale.
    Where is this office space located?
    The property is located at 291 S Preston Rd Prosper, TX.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: - Prime location in rapidly growing Prosper at Preston Road and Corner of First Street.; - Luxury office suite in Hays Office Park.; - Features reception area, conference room/office, 4 additional offices, and break room.
    (214) 923-0288
    Request Owner's contact information
    291 S Preston Rd Prosper, TX 75078
    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.
    291 S Preston Rd
    Prosper, TX 75078
    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
    291 S Preston Rd Prosper, TX 75078
    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

    We can help!
    Listing Contact
    Michelle Lok
    Real Estate License ID: 0600400
    (214) 923-0288
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.