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Property profile & analytics
OFF-MARKET
Office buildings
109 Broadway St Prosper, TX 75078
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-2316278
Property summary
AI-generated overview
This exceptional 2,400 square foot lot, located at 109 W Broadway Street in Prosper, TX, presents a rare opportunity to develop in the heart of Historic Downtown Prosper. This zero-lot-line property, measuring 25x140 feet, is ideal for a mixed-use, multi-story building. Pre-designed architectural plans for a nearly 6,000 square foot, three-story structure are included, complete with stunning renderings, ready for city submission. The lot's alley access, subject to city approval, offers potential for drive-thru functionality. Four shared parking spaces are available with a neighboring property, supplemented by ample on-street parking. This turnkey investment opportunity includes assistance with construction costs and design collaboration from experienced developers. Don't miss this chance to build your vision in one of the fastest-growing downtown areas. Secure your future in Prosper before this exceptional property is gone.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
240 SF
Lot
0.08 ac (3,485 SF)
Zoning code
COMM
APN
R-0972-004-0060-1
UPID
US82-2316278
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Derrick Ryskamp-Realtor @ Legacy Realty Partners, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
MUSTARD SEED LAND HOLDINGS LLC
MUSTARD SEED LAND HOLDINGS LLC
Zoning & alternative use
COMM · Prosper, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Prosper submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prosper submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,194
Tax year 2022
Assessed value
$65,163
Assessed 2023
Previous assessed
$54,596
+19.4% YoY
Effective rate
1.83%
On assessed value
Assessed land
$62,730
Assessed improvement
$2,433
Land market value
$62,730
Improvement market value
$2,433
Total market value
$65,163
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Stories
1
Total area
240 SF
Lot
0.08 ac (3,485 SF)
Zoning code
COMM
APN
R-0972-004-0060-1
UPID
US82-2316278
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
COMM · Prosper, TX
Zoning COMM · permitted uses
COMM · Prosper, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Prosper. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
MUSTARD SEED LAND HOLDINGS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
20157 FIDDLERS GRN RD, FRISCO, TX 75036-9228
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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