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    3685 Preston Rd Frisco, TX 75034

    • Commercial real estate
    • 32,833 SF
    • 3.97 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4031148
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Jason M. Riehs, MD / Internist
    • Desire Salon - Eyebrow Threading & Hair / Hair Removal Service / Hair Salon
    • Amazing Lash Studio / Beauty Salon / Eyelash Salon
    • S Bella Nails and Spa / Nail Salon
    • European Wax Center / Waxing Hair Removal Service / Beauty Salon

    Property Details for 3685 Preston Rd

    Year built
    2005
    Lot size
    3.97 lot acres
    Property size
    32,833 SF
    Property type
    Commercial real estate
    APN
    R-8615-001-005R-1
    APU
    R8615001005R1

    Description

    Frisco Bridges North offers a prime retail opportunity within a thriving 67,000 square foot strip center. Located at 3685 Preston Rd, Frisco, TX 75034, in Collin County, this property boasts a highly visible location adjacent to the prestigious Stonebriar Centre Mall, ensuring exceptional foot traffic and brand exposure. Currently, there is 2,565 square feet of vacant space available, ideal for a variety of retail uses. The center's strategic placement within the high-profile Frisco market guarantees access to a strong demographic profile and a large customer base. The property's multiple tenancy structure provides a diverse and vibrant retail environment. This is an exceptional chance to establish a business in a bustling area with high visibility and strong consumer traffic. The available space presents a unique opportunity for businesses seeking a well-established location within a successful retail center. The property's size and location make it an attractive investment for businesses looking to expand or establish a presence in the dynamic Frisco market. Don't miss this chance to secure a space in this thriving retail center.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.8072
    Latitude
    33.1102
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $204,462
    $2,769,510
    $8,189,986
    $10,959,496
    -
    $2,769,510
    $8,189,986
    $10,959,496

    Comparable in this City

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      COMMERCIAL (GENERAL) • 3.94 Acres
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    • Value Estimation by Request
      2.50 Acres

      Stonebriar Country Clb

      COMMERCIAL (GENERAL) • 2.50 Acres
      Stonebriar Country Clb, Frisco, TX 75034
      View Details

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    • Contact for pricing
      2.87 Acres

      Frisco Commercial Land - 2.87 Acres

      Prime Frisco commercial lot, high visibility.
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      3.71 Acres

      Stonebrook Parkway Retail Opportunity

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      Frisco Commercial Land - OTC Zoning

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      Frisco Office Land - Ready to Build

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      4.80 Acres

      Frisco Commercial Land - 4.8 Acres

      Prime Frisco location, retail/office zoning.
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    Similar Nearby for Lease

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      4,993 SF

      Frisco Retail Space - Hwy 121

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      Frisco Executive Office Space

      Prime Frisco location, 1,266-3,600 sqft.
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      14,100 SF

      Frisco Retail Center For Lease

      Retail, restaurant, and medical space available in Frisco, Texas.
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    • Contact for pricing

      6475 Preston Rd # Frisco TX 75034, Unit frisco

      Office spaces are now available for rent.
      6475 Preston Rd # Frisco TX 75034, Frisco, TX 75034
      View Details
    • Contact for pricing
      1,178 SF

      Retail Space Near State Highway

      Retail space available at a high-traffic intersection in Frisco, TX.
      2330 Preston Rd, Frisco, TX 75034
      View Details
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    3685 Preston Rd
    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
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