Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Fields Development Title is generated by Realmo AI

    NEC of Bates Way and PGA Parkway, Frisco, TX 75034

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space for lease in Frisco's Fields development.

    Type:Retail
    Added:
    Sep 3, 2024
    Days on Market:
    640
    Last Refresh:
    May 13 at 8:19 pm

    Property Features for NEC of Bates Way and PGA Parkway

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at NEC of Bates Way and PGA Parkway Contact us

    We can help!

    Listing Contact
    Rand W. Horowitz

    Listing agent Rand W. Horowitz License #OK

    Listing office SHOP Companies Dallas

    Listing date Sep 3, 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 SHOP Companies Dallas

    HighLights

    • Located in the Fields development, home to the PGA of America headquarters.
    • Access to two 18‑hole championship golf courses.
    • Proximity to major golf tournaments planned from 2023‑2035, including the PGA Championship in ’27 and ’34.
    • Access to a 550‑room Omni Resort and 115,000 sq. ft. of convention meeting rooms.
    • Part of a development with 7 planned Marriott‑branded hotels.
    • Features 25 miles of biking and hiking trails and 250 acres of open space parks.

    Overview

    Located at the northeast corner of Bates Way and PGA Parkway in Frisco, Texas, North Fields is currently under construction as part of the broader Fields development. This development is also the location of the new PGA of America headquarters and features two 18-hole championship golf courses. These courses are slated to host over 26 championship tournaments between 2023 and 2035, including the PGA Championship in 2027 and 2034. The Fields development also includes a 550-room Omni Resort, 115,000 square feet of convention meeting rooms, seven planned Marriott-branded hotels, 25 miles of biking and hiking trails, and 250 acres of open space parks.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.8233
    Latitude
    33.1589

    Nearby Similar for Lease

    • $2,350/Mo
      887 SF

      Brand-New Office Condo Suites

      Newly finished office condos with open layouts and studio-friendly finishes, set at a highly visible Preston Road address.
      7700 Preston Road, Frisco, TX 75035
      View Details
    • $1,050/Mo
      1,187 SF

      New Office Condo Suites for Lease

      Move-in-ready office condos with shared reception, conference space, and private restroom in a modern, convenient setting.
      7846 Preston Road, Frisco, TX 75034
      View Details
    • $799/Mo
      350 SF

      Flex Office Suites with WiFi

      Adaptable flex office suites with reception space, a pantry, and reliable WiFi for teams needing flexible month-to-month space.
      4633 Coit Road, Frisco, TX 75035
      View Details
    • $6,201/Mo

      Luxury Office Condominium Suite

      Luxurious, move-in ready office suite with multiple offices, conference space, and premium finishes for professional teams.
      4433 Punjab Way, Frisco, TX 75033
      View Details
    • $3,299/Mo

      Office Suite in Stonebrook Office Park

      Move-in ready office suite with a modern layout and convenient access for professional and client-facing use.
      400 Stonebrook Parkway, Frisco, TX 75036
      View Details
    • $995/Mo

      Turnkey Office Condo Suite

      Flexible office layout with private offices, reception, and conference room, ideal for medical or professional services.
      8765 Stockard Drive, Frisco, TX 75034
      View Details
    • $4,550/Mo

      Move-In Ready Office Condo Suite

      Professionally designed office condo with reception, private offices, and conference room in a well-maintained complex.
      11619 Independence Parkway, Frisco, TX 75035
      View Details
    • $3,000/Mo

      Office Condo with Private Patio

      Professionally finished office condo features private outdoor area, dedicated rooms, and convenient front-door parking for business use.
      7000 Parkwood Boulevard, Frisco, TX 75034
      View Details
    • $2,800/Mo

      Medical-Ready Office Suite

      Well-appointed suite with multiple private offices, reception, and rough-in plumbing suited for medical use.
      8668 John Hickman Parkway, Frisco, TX 75034
      View Details
    • $3,000/Mo

      Corner Office Condo Suite

      Corner office condo with four offices plus reception, break room, and restroom for professional service tenants.
      8668 John Hickman Parkway, Frisco, TX 75034
      View Details
    • $1,750/Mo

      Office Suite with Two Entrances

      A freshly updated downtown office suite with a large window and separate double-door and single-door access.
      6726 Main Street, Frisco, TX 75033
      View Details
    • $3,500/Mo

      Office Space for Lease

      Office units available for lease at 25663 Smotherman Rd, offering flexible space for professional tenants in Frisco.
      25663 Smotherman Rd, Frisco, TX 75033
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease in Frisco's Fields development.
    Where is this retail space located?
    The property is located at NEC of Bates Way and PGA Parkway Frisco, TX.
    What are key features of this property?
    This property features: Located in the Fields development, home to the PGA of America headquarters.; Access to two 18‑hole championship golf courses.; Proximity to major golf tournaments planned from 2023‑2035, including the PGA Championship in ’27 and ’34.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rand W. Horowitz
    Real Estate License ID: OK
    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

    Thank You for Inquiry
    NEC of Bates Way and PGA Parkway, 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!