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Property profile & analytics
OFF-MARKET Estimated value $1,805,000
Office buildings

130 Preston Rd Prosper, TX 75078-9808

39,666 SF 1.56 ac lot Built 2017
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US83-0307004
Property summary
AI-generated overview

This exceptional Class A office building, totaling 4,852 square feet, presents a compelling investment opportunity in the rapidly growing city of Prosper, Texas. Located at 130 S Preston Rd, 75078, this single-story, 2022-built property boasts a 100% occupancy rate with a strong corporate-guaranteed tenant under a NNN lease with rent bumps. The current lease commenced May 4, 2022, and has a remaining term of 7.5 years, expiring May 31, 2032. The property generates a substantial net operating income (NOI) of $163,360, yielding a 6.28% cap rate. The asking price is $2,600,000, translating to $535.86 per square foot. This investment offers a stable income stream with significant upside potential in a thriving Collin County market. The property is suitable for executive, medical, or traditional office uses. The building's modern design and amenities cater to the needs of discerning tenants. This is a rare opportunity to acquire a fully occupied, high-quality asset in one of North Texas' most desirable locations. The property's prime location in Prosper ensures excellent visibility and accessibility, benefiting from the area's robust economic growth and business-friendly environment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2017
Total area 39,666 SF
Lot 1.56 ac (68,041 SF)
APN R-11076-00A-0010-1
UPID US83-0307004
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
  • Towing & Roadside Service | RoadAngel Auto Repair Shop
  • NexGen Fitness Gym & Fitness Center
  • Encryption Consulting LLC Consultant
  • Lloyd and Hodge Tax and Accounting Services Accounting Firm Tax Preparation
  • FUSE Workspace Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.81M
Owner & transaction history
Core III Prosper LLC · 4 yrs held
Core III Prosper LLC
since 2022
7 recorded transactions
2022
Price N/A
2021
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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