Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1230 S Coit Rd Prosper, TX 75078

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available for lease in Prosper, Texas.

    Type:Retail, Restaurant
    Property size:
    11,737 SF
    Added:
    May 4, 2024
    Days on Market:
    723
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 1230 S Coit Rd

    General Information

    Standard status
    Active
    Size
    11,737 SF
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 1230 S Coit Rd Contact us

    We can help!

    Listing Contact
    Michael Feighny

    Listing agent Michael Feighny License #206746

    Listing office Tapp Ashton Gray Property Management

    Listing date May 4, 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 Tapp Ashton Gray Property Management

    Overview

    Retail Space in Prosper, TX

    Retail spaces ranging from 1,700 to 5,503 square feet are available for lease in a building with a total size of 11,737 square feet. The property is positioned along Highway 380, which has a traffic volume of over 42,000 vehicles per day, and Coit Road, with over 10,000 vehicles per day. The completion date is projected for Q3 2025. Co-tenants include Prime Dental and The Little Gym. The location is expected to experience a 15% annual growth over the next five years. End-cap and inline spaces are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wags 4 Walks Dog Walker Prosper KinderCare High School

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.7666315
    Latitude
    33.2485049

    Nearby Similar for Lease

    • $2,500/Mo

      New Office Space in Prosper

      Brand-new office space with modern finishes and ample parking.
      1630 W Prosper Trail, Prosper, TX 75078
      View Details
    • $800/Mo

      Professional Office Suites in Prosper

      Three private office suites available for rent in Prosper, TX.
      713 E 1st Street, Prosper, TX 75078
      View Details
    • $2,699/Mo

      New Office Space in Prosper

      Move-in ready office space with premium location in Prosper, TX.
      1630 W Prosper Trail, Prosper, TX 75078
      View Details
    • $5,500/Mo

      Versatile Flex Industrial Space

      Premier flex industrial space in rapidly expanding Prosper, Texas.
      300 W Broadway Street, Prosper, TX 75078
      View Details
    • $35 SF/Yr

      New Office Space in Prosper

      Modern office space for lease in a thriving professional park.
      2120 Prairie Drive, Prosper, TX 75078
      View Details
    • $3,938/Mo

      New Office Space in Prosper

      New construction office space suitable for multiple businesses in Prosper.
      2120 Prairie Drive, Prosper, TX 75078
      View Details
    • $3,850/Mo

      New Office Space in Prosper

      Professional office space in Prosper, TX, ready for move-in.
      1630 W Propser Trail, Prosper, TX 75078
      View Details
    • $2,650/Mo

      Finished Office Space in Prosper

      New office space with utilities included and Preston Rd frontage.
      110 S Preston Road, Prosper, TX 75078
      View Details
    • Contact for pricing

      New Retail/Medical Office Development

      New development with frontage on US-380, near retail destinations.
      1501 E UNIVERSITY DR, Prosper, TX 75078
      View Details
    • $12 SF/Yr

      Office Space in Prosper, Texas

      Office unit available for lease in Prosper, Texas.
      1630 W Prosper Trail 1030, Prosper, TX 75078
      View Details
    • $3,350/Mo

      New Corner Office Unit

      New office unit in Prosper, ideal for medical/professional businesses.
      2120 Prairie Drive 501, Prosper, TX 75078
      View Details
    • Contact for pricing

      New Retail Space Available

      Retail space for lease in Prosper, Texas, built 2025.
      1070 NORTH COIT ROAD PROSPER, TEXAS 75078, Prosper, TX 75078
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available for lease in Prosper, Texas.
    Where is this retail space located?
    The property is located at 1230 S Coit Rd Prosper, TX.
    What are key features of this property?
    This property features: Highly desirable positioning along Hwy 380 (42,000+ VPD) and Coit Rd (10,000+ VPD).; Available For Lease: 1,700 - 5,503 SF.; Completion Date: Q3 2025.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Feighny
    Real Estate License ID: 206746
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!