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    The Largest CRE Database in the US with Over 1 Million Listings

    25663 Smotherman Rd Frisco, TX 75033

    Sponsored
    For Lease
    $30 SF/Yr

    Modern medical suites, 1300-2600 sqft

    Lot size:
    10,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 10,400 square foot medical office building, situated at 25663 Smotherman Rd, Frisco, TX 75033, presents a unique investment opportunity. Completed in 2024, the Class B building boasts eight suites, offering flexible spaces ranging from a minimum of 1,300 square feet to a maximum contiguous area of 2,600 square feet. Currently, there are multiple suites available. The property is zoned for commercial use and enjoys a prime location in the West Frisco/Little Elm submarket, with excellent visibility from FM 423, a major thoroughfare experiencing 55,000 vehicles daily. This high-traffic location ensures significant exposure for your business. The building's modern design and convenient access make it an ideal setting for various medical practices. The address is easily accessible via the cross street, FM 423. This property is perfect for medical professionals seeking a well-located, modern space to establish or expand their practice. Three spaces are currently available, ranging in size from 1,210 to 2,600 square feet. Don't miss this chance to secure your space in this thriving West Frisco location.

    Property Features for 25663 Smotherman Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,400 SF
    Class
    B
    Total Rate
    26000

    Building Details

    Year Built
    2024

    Unit(s) available at that property

    Space
    403
    Size
    2,600 SF
    Rate per SF
    $30
    Space
    407
    Size
    2,600 SF
    Rate per SF
    $30
    Space
    201
    Size
    1,210 SF
    Rate per SF
    $30

    We can help!

    Listing Contact
    Eugene Krasny
    Eugene Krasny

    Learn more

    Property Insight Report

    HighLights

    • 10,400 SF medical office building in Frisco, TX.
    • Class B building, completed in 2024, with eight suites.
    • Multiple suites available, ranging from 1,210 to 2,600 SF.
    • Prime West Frisco/Little Elm location with high visibility on FM 423 (55,000 VPD).
    • Zoned for commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Exercise Coach North ... Personal Trainer Dr. Uma Chintapalli Internist Alisa Joy Bridal ... Bridal Shop Rackera Inc Corporate Office AVR IT Soultions ... Software Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.887463
    Latitude
    33.1636625

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    FAQs

    What type of property is this?
    Medical office - Modern medical suites, 1300-2600 sqft
    Where is this medical office located?
    The property is located at 25663 Smotherman Rd Frisco, TX.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 10,400 SF medical office building in Frisco, TX.; Class B building, completed in 2024, with eight suites.; Multiple suites available, ranging from 1,210 to 2,600 SF.
    Request Owner's contact information
    25663 Smotherman Rd Frisco, TX 75033
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    Frisco, TX 75033
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    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
    25663 Smotherman Rd Frisco, TX 75033
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    We can help!
    Listing Contact
    Eugene Krasny
    Eugene Krasny
    Real Estate License ID: TX 0543293
    Learn more
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