Finished Flex Garage
For Sale
$449,000
E16-6767 All Stars Ave, Frisco, TX 75034
Fully finished 1,066 SF unit with loft mezzanine, high-bay HVAC, and grade-level overhead door in a secured community.
Property Size1,066 SF
Price / SF$421.20
Days on Market80
Property Features for E16-6767 All Stars Ave
General Information
Standard status
Active
Size
1,066 SF
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$5,290
Listing Agency:
Keller Williams Legacy
(972) 599-7000
Listed By:
Scott Palmer
(972) 599-7000
Source:
Exprealty
Added: Jun 6
Changed: Aug 20
Last Checked: Aug 23 at 4:46AM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
Unit E16 at Garages of Texas is a fully finished, extensively upgraded 1,066 SF commercial condominium built for both work and personal use. The interior features bold red and black accent striping, open sightlines between floors, and a custom cable railing staircase leading to a loft mezzanine with luxury vinyl plank flooring. The loft includes a wet bar with rich wood detail, dark custom cabinetry, open shelving, and LED accent lighting, and it is completed by a private half bath. The garage area is wide open and includes a premium industrial high bay fan, HVAC throughout, and smart controlled lighting, fan, and thermostat. A grade-level overhead door with opener and a full-width screen helps bring in natural light, and a finished utility room includes an LG washer and dryer, tankless water heater, and utility sink.
The community is secured with controlled access gates, security cameras, security fencing, and 50-foot wide drive aisles, and it offers a 24-7 private owners clubhouse. The clubhouse includes a full bath, shower, lounge, TV, and WiFi. The property is in Frisco and is adjacent to the Cottonwood Creek Greenbelt Trail, with nearby access to The Star, Toyota Stadium, Legacy West, PGA Frisco, Dallas North Tollway, and Stonebriar Centre.
Commercially zoned and positioned within a sold-out, luxury garage condominium setting, this finished unit can support a range of uses, from vehicle-focused operations to a hobby or business space where a lofted second level and dedicated utility area add day-to-day functionality. It’s offered as a ready-to-use resale within the controlled-access community.
The community is secured with controlled access gates, security cameras, security fencing, and 50-foot wide drive aisles, and it offers a 24-7 private owners clubhouse. The clubhouse includes a full bath, shower, lounge, TV, and WiFi. The property is in Frisco and is adjacent to the Cottonwood Creek Greenbelt Trail, with nearby access to The Star, Toyota Stadium, Legacy West, PGA Frisco, Dallas North Tollway, and Stonebriar Centre.
Commercially zoned and positioned within a sold-out, luxury garage condominium setting, this finished unit can support a range of uses, from vehicle-focused operations to a hobby or business space where a lofted second level and dedicated utility area add day-to-day functionality. It’s offered as a ready-to-use resale within the controlled-access community.
Key Highlights
- Fully finished 1,066 SF commercial condominium (Unit E16) with loft mezzanine and private half bath
- Grade‑level overhead door with opener plus full‑width screen for natural light
- HVAC throughout, including a premium industrial high‑bay fan; smart controlled lighting, fan, and thermostat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,213
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,260
$464.3K
Cap Rate 7%
$331,614
$331.6K
Cap Rate 9%
$257,922
$257.9K
Market Conditions
NOI Build-Up for 1,066 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.0K $35.64/SF
− Vacancy
−$2.3K −$2.14/SF
EGI
$35.7K $33.50/SF
− OpEx
−$12.5K −$11.73/SF
NOI
$23.2K $21.78/SF
Area
Frisco, TX
Vacancy
6.00%
Lease Rate
$35.64 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,260
Cap Rate 7%
$331,614
Cap Rate 9%
$257,922
Alternative Uses
Best Use
Flex RnD
$331.6K
$290.2K – $386.9K
NOI $23,213 @ 7.0% cap · market cap 5.17%
Second Best
Industrial
$325.2K
$284.5K – $379.4K
NOI $22,761 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$415.9K
$363.9K – $485.2K
NOI $29,114 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75034, TX
47,734
Population
23,836
Households
2
Avg Household Size
36
Median Age
63%
College-Educated
97%
High-School Grad
15.9 sq mi
ZIP Area
3,002
Density / Sq Mi
$107,945
Median Household Income
$67,256
Median Earnings
$1,730
Median Rent
$679,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully finished 1,066 SF unit with loft mezzanine, high-bay HVAC, and grade-level overhead door in a secured community.
Where is this flex space located?
The property is located at E16-6767 All Stars Ave Frisco, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Fully finished 1,066 SF commercial condominium (Unit E16) with loft mezzanine and private half bath; Grade‑level overhead door with opener plus full‑width screen for natural light; HVAC throughout, including a premium industrial high‑bay fan; smart controlled lighting, fan, and thermostat
