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1020 Murphy Rd Murphy, TX 75094

OFF-MARKET Retail properties & Spaces Google Maps
2,000 SF 1 ac lot Built 2024
Entity Owned 1-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US83-0028384

Property summary

AI-generated overview

Brand new, 2,000 square foot retail and office space available for lease in Murphy, Texas, located at 1020 N Murphy Rd, at the hard corner of Murphy Road and Betsy Lane. This development, projected for completion in May 2025, offers flexible options, including multiple suites ranging from 180 to 2,000 contiguous square feet. The property is situated on one acre of land in the Murphy/Wylie submarket of Collin County (zip code 75094). Ideal for various uses, including executive offices, coworking spaces, medical offices, and creative offices. Smaller suites (approximately 180 sq ft) are available on a month-to-month basis, with an all-inclusive rate of $1,200 per month, covering rent, expenses, and fees. A veterinary clinic has already leased 3,000 square feet in the building. This presents a unique opportunity to secure space in a new, well-located development. Inquire today for leasing details and availability.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 2,000 SF
Lot 1 ac (43,560 SF)
UPID US83-0028384

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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