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    4710-4944 Preston Rd Frisco, TX 75034

    Sponsored
    For Lease
    Contact for pricing

    Prime Frisco location, multiple suites available

    Lot size:
    160,604 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    Frisco Village, a thriving retail center situated at the prominent intersection of Preston Road and Lebanon Road in Collin County, presents an exceptional investment opportunity. This Tom Thumb-anchored community center boasts a total of 160,604 square feet, currently featuring four suites. Three spaces are immediately available, ranging from a minimum of 1,600 square feet to a maximum contiguous space of 6,000 square feet. A total of 12,280 square feet is currently vacant, offering significant potential for expansion or new tenancy. The property benefits from high traffic counts and excellent demographics, characteristic of the affluent Frisco market. Convenient access to both Preston Road and Lebanon Road ensures high visibility and accessibility for customers. Monument signage opportunities are also available, providing excellent branding potential for tenants. This strip center presents a unique chance to establish a presence in a vibrant and growing community, with ample space to accommodate a variety of retail or restaurant concepts. The property's strategic location and established anchor tenant make it an attractive proposition for businesses seeking a strong foothold in the thriving Frisco market.

    Property Features for 4710-4944 Preston Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    160,604 SF

    Unit(s) available at that property

    Space
    Suite -116
    Size
    2,480 SF
    Space
    Suite - 108
    Size
    1,600 SF
    Space
    Suite 228
    Size
    2,200 SF

    HighLights

    • Retail/Restaurant strip center totaling 160,604 square feet.
    • Four suites available, with 1,600 square feet minimum and 6,000 square feet maximum contiguous space.
    • 12,280 square feet currently vacant.
    • Located in Collin County, anchored by Tom Thumb, at Preston Road & Lebanon Road in Frisco.
    • Offers monument signage, high traffic counts, and excellent demographics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.80428042
    Latitude
    33.11941525

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Frisco location, multiple suites available
    Where is this neighborhood center located?
    The property is located at 4710-4944 Preston Rd Frisco, TX.
    What are key features of this property?
    This property features: Retail/Restaurant strip center totaling 160,604 square feet.; Four suites available, with 1,600 square feet minimum and 6,000 square feet maximum contiguous space.; 12,280 square feet currently vacant.
    Request Owner's contact information
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    Frisco, TX 75034
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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.

    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
    4710-4944 Preston Rd Frisco, TX 75034
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