Sign Up Successful!
You now have access to more from Realmo!
    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

    Nec Of Bates Way And Pga Pkwy Frisco, TX 75033

    Sponsored
    For Lease
    Contact for pricing

    Prime Frisco retail space, 9 suites, ample parking.

    Lot size:
    11,979 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional retail opportunity is located at the northeast corner of Bates Way and PGA Parkway in Frisco, Texas (zip code 75033), within the prestigious Fields development. The property encompasses a total of 11,979 square feet, distributed across nine individual suites, offering flexible space options ranging from a minimum of 1,062 square feet to a maximum contiguous space of 1,529 square feet. Currently, 11,556 square feet are available for lease. The property sits on a substantial 250-acre lot and provides 325 parking spaces for ample customer convenience. This location benefits from its proximity to the new PGA of America headquarters, two championship 18-hole golf courses hosting over 26 planned championship tournaments between 2023 and 2035, a 550-room Omni Resort, 115,000 square feet of convention meeting space, and seven planned Marriott-branded hotels. Further enhancing the area's appeal are 25 miles of biking and hiking trails and 250 acres of open space parks. This property presents a unique chance to establish a business within a thriving, high-growth community with significant tourism and residential development. The property is located in Denton County.

    Property Features for 0 Nec Of Bates Way And Pga Pkwy

    General Information

    Property type
    Multifamily properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,979 SF

    Unit(s) available at that property

    Space
    Retail A
    Size
    1,516 SF
    Space
    Retail B
    Size
    1,288 SF
    Space
    Retail C
    Size
    1,252 SF
    Space
    Retail D
    Size
    1,062 SF
    Space
    Retail E
    Size
    1,342 SF
    Space
    Retail F
    Size
    1,203 SF
    Space
    Retail G
    Size
    1,089 SF
    Space
    Retail H
    Size
    1,275 SF
    Space
    Retail I
    Size
    1,529 SF

    We can help!

    Listing Contact
    Rand W. Horowitz
    Rand W. Horowitz

    Learn more

    HighLights

    • 11,979 SF retail space in Frisco, TX (75033).
    • 325 parking spaces with ground‑floor retail access.
    • February 2025 delivery.
    • White box condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frisco
    County
    Denton
    State
    Texas
    Longitude
    -96.8542012
    Latitude
    33.2151537

    Nearby Similar for Lease

    • $7,827 /Mo
      7,492 SF

      Frisco Office Space For Lease

      Office space suitable for office, medical, or salon use.
      7010 Ash St, Frisco, TX 75034
      View Details
    • $39 SF/Yr
      96,790 SF

      Retail Space in Frisco Corners

      Move-in ready retail space in a high-traffic Frisco location.
      8837 Lebanon Rd, Frisco, TX 75034
      View Details
    • $2,500 /Mo
      118,187 SF

      Upscale Frisco Professional Office Condo

      Prime Frisco office condo near FM 423 and Stonebrook Pkwy.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
    • $26 SF/Yr
      76,491 SF

      Frisco Office Space on Preston

      Office space with retail exposure on high-traffic Preston Road.
      4783 Preston Rd, Frisco, TX 75034
      View Details
    • $1,299 /Mo
      1,100 SF

      Adaptable Flex Offices in Frisco

      Flexible office spaces with modern amenities and convenient location.
      4633 Coit Rd, Frisco, TX 75035
      View Details
    • $3,000 /Mo
      155,074 SF

      Premier Office Space in Frisco

      Highly visible office space in a rapidly growing North Texas area.
      7000 Parkwood Blvd, Frisco, TX 75034
      View Details
    • $35 SF/Yr
      81,544 SF

      Retail Space in Frisco Corners

      Move-in ready retail space with flexible lease terms.
      8715 Lebanon Rd, Frisco, TX 75034
      View Details
    • $5,550 /Mo

      Frisco Office Condo for Rent

      1,542 SF office condo in prime Frisco location.
      11619 Independence Pkwy, Frisco, TX 75035
      View Details
    • $2,500 /Mo
      4 SF

      Move-in Ready Frisco Office Condo

      Finished office condo in prime Frisco location near Highway 423.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
    • $3,600 /Mo
      154,507 SF

      Frisco Office Space For Lease

      Office space for lease in a prime Frisco location.
      8000 Preston Rd, Frisco, TX 75034
      View Details
    • $2,900 /Mo
      4 SF

      Frisco Office Space for Lease

      Office space in the heart of Frisco available for lease.
      8668 John Hickman Pkwy, Frisco, TX 75034
      View Details
    • $30 SF/Yr

      Move-in Ready Office Space Frisco

      Newly constructed office space in prime Frisco location for rent.
      7884 Preston Rd, Frisco, TX 75034
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime Frisco retail space, 9 suites, ample parking.
    Where is this multifamily property located?
    The property is located at Nec Of Bates Way And Pga Pkwy Frisco, TX.
    What are key features of this property?
    This property features: 11,979 SF retail space in Frisco, TX (75033).; 325 parking spaces with ground-floor retail access.; February 2025 delivery.
    Request Owner's contact information
    Nec Of Bates Way And Pga Pkwy Frisco, TX 75033
    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.
    Nec Of Bates Way And Pga Pkwy
    Frisco, TX 75033
    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
    Nec Of Bates Way And Pga Pkwy Frisco, TX 75033
    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
    Rand W. Horowitz
    Rand W. Horowitz
    Real Estate License ID: OK
    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.