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    Property profile & analytics

    104 7Th St Prosper, TX 75078

    • Investment properties
    • 5,000 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0296657
    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

    • Investment properties

    Property Details for 104 7Th St

    Year built
    1973
    Lot size
    0.65 lot acres
    Property size
    5,000 SF
    Property type
    Investment properties

    Description

    This exceptional commercial property, located at 104 E 7th in Prosper, Texas, presents a remarkable investment opportunity. Boasting a substantial 5,000 square feet of space, this building sits on a 0.65-acre lot with desirable frontage on Coleman. A recent zoning change designates the property as downtown office, opening doors to a wide array of business ventures. The building's versatile layout includes approximately 800 square feet of potential living space and an additional 250 square feet of office space, providing flexibility for various needs. The remaining 3,650 square feet is a large, open area, ideal for customization. Three convenient roll-up doors offer easy access and loading capabilities. Currently used for storage, this property is ready for its next chapter. The prime location in the thriving downtown Prosper area ensures high visibility and accessibility. Detailed information regarding approved uses is available in the attached documents. Priced at $1,500,000, this property offers significant potential for growth and return on investment. Don't miss this chance to establish your business in a vibrant and expanding community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.80183
    Latitude
    33.23886

    Comparable in this City

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      9.00 Acres

      Prosper, TX Commercial Land Opportunity

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    • $304,999
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      Downtown Prosper Commercial Lot

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      22.92 Acres

      Celina Retail Land Investment

      Prime 23-acre retail site in Prosper, TX.
      0 Swq - Preston Rd. & Frontier Pkwy, Celina, TX 75078
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    • $7,000,000
      12.00 Acres

      Prime Land for Storage, Retail

      12 acres in Celina, TX, ideal for storage and retail.
      Tbd Lot B Parvin Rd, Prosper, TX 75078
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    • $10,000,000
      15.00 Acres

      Prime Land in Prosper, Texas

      15 acres zoned for self-storage and retail in booming Celina.
      16251 Parvin Rd, Prosper, TX 75078
      View Details

    Similar Nearby for Sale

    • $950,000
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      Prosper Office Building - Prime Location

      Modern Office Space, Fully Renovated, 0.54 Acres
      701 1St St, Prosper, TX 75078
      View Details
    • Contact for pricing
      9.00 Acres

      Prosper, TX Commercial Land Opportunity

      9 Acres Mixed-Use Development Potential
      0 Nwq - Dnt & Frontier Pkwy, Prosper, TX 75078
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    • $304,999
      2,400 SF

      Downtown Prosper Commercial Lot

      Prime .08-Acre Office Development Site
      109 Broadway St, Prosper, TX 75078
      View Details
    • Contact for pricing
      22.92 Acres

      Celina Retail Land Investment

      Prime 23-acre retail site in Prosper, TX.
      0 Swq - Preston Rd. & Frontier Pkwy, Celina, TX 75078
      View Details
    • $7,000,000
      12.00 Acres

      Prime Land for Storage, Retail

      12 acres in Celina, TX, ideal for storage and retail.
      Tbd Lot B Parvin Rd, Prosper, TX 75078
      View Details
    • $10,000,000
      15.00 Acres

      Prime Land in Prosper, Texas

      15 acres zoned for self-storage and retail in booming Celina.
      16251 Parvin Rd, Prosper, TX 75078
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
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      Prosper Trail Office Suites

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      453,024 SF

      Prosper Commercial Land - Hwy 380

      10 Acres, Prime Commercial Location
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    • $42 SF/Yr
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      Retail Space on University Drive

      Prime retail location in Prosper, TX, available November 2024.
      1221 E University Dr, Prosper, TX 75078
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    • $2,750 /Mo

      Fenced Land Lease in Prosper

      2.4-acre fenced land with barn, RV connections, and utilities.
      15841 Old Dairy Frm Rd, Prosper, TX 75078
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    • $3,000 /Mo
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      Luxury Office Suite in Prosper

      Office suite in rapidly growing Prosper, convenient to amenities.
      291 S Preston Rd, Prosper, TX 75078
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    • New
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      New Office Space in Prosper

      Professional office space in Prosper, TX, ready for move-in.
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      View Details
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    104 7Th St
    Prosper, TX 75078
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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.

    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
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