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    1701 Legacy Dr Frisco, TX 75034
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    Property profile & analytics

    1701 Legacy Dr, Frisco, TX 75034

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    • Office buildings
    • 53,741 SF
    • 2.94 lot acres
    For Lease
    $1,515,000
    View Listing →
    Frisco Office Space For Rent For Lease
    $1,515,000
    3,510 SF

    Frisco Office Space For Rent

    Office space available in Frisco, Texas, near Highway 121.

    1701 Legacy Dr, Frisco, TX
    View Listing
    Property ID
    US82-3302204
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Keel Courtney B DDS / Dental Office
    • W3Global / Employment Agency
    • Hulings Greg S DDS / Dental Office
    • Farmers Insurance - Brandon Cooley / Insurance Agency
    • Marquis Software Solution / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 1701 Legacy Dr

    Year built
    2000
    Lot size
    2.94 lot acres
    Zone code
    PD-90
    Property type
    Office buildings
    APN
    R-4916-00A-0010-1
    APU
    R491600A00101

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,255,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.8406
    Latitude
    33.093
    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
    $252,231
    $2,816,886
    $10,883,114
    $13,700,000
    -
    $2,816,886
    $10,883,114
    $13,700,000

    Comparable in this City

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      38,075 SF

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    • Value Estimation
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      2611 Internet Blvd

      OFFICE BUILDING
      2611 Internet Blvd, Frisco, TX 75034-9085
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    • Value Estimation
      $2,025,000
      70,222 SF

      Internet Blvd

      OFFICE BUILDING
      Internet Blvd, Frisco, TX 75034
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    • Value Estimation by Request
      8,636 SF

      5720 Town And Country Blvd

      OFFICE BUILDING
      5720 Town And Country Blvd, Frisco, TX 75034-5985
      View Details
    • Value Estimation
      $655,000
      13,800 SF

      5616 Warren Pkwy

      OFFICE BUILDING
      5616 Warren Pkwy, Frisco, TX 75034-4166
      View Details
    • Value Estimation
      $545,000
      14,770 SF

      6960 Parkwood Blvd

      OFFICE BUILDING
      6960 Parkwood Blvd, Frisco, TX 75034-7465
      View Details

    Similar Nearby for Sale

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      0.05 Acres

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      Prime office space near Preston and Highway 121.
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      4,600 SF

      Frisco Office Space For Sale

      Office space available in Frisco, Texas, totaling 4,600 square feet.
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      Frisco Land with Approved Plans

      Prime Frisco location with approved architectural plans and permits.
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      3,131 SF

      Frisco Office/Medical/Retail Building For Sale

      Corner property suitable for office, medical, or retail use.
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      6,029 SF

      Frisco Professional/Medical Office Building

      Class A office building, fully finished, ready for occupancy.
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      1,125 SF

      Upscale Office Suites for Lease

      Fully finished office suites available for immediate occupancy.
      5899 Preston Rd, Frisco, TX 75034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,052 SF

      Frisco Legacy Office Space

      Class A office building in Frisco Legacy neighborhood.
      2500 Legacy Dr, Frisco, TX 75034
      View Details
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      36,367 SF

      Frisco Office Space Available

      Office building in Frisco, TX, offering 36367 square feet.
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      View Details
    • Contact for pricing

      Frisco Class B Office Space

      Class B office space in the heart of Frisco, TX.
      1518 Legacy Dr, Frisco, TX 75034
      View Details
    • 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
    • $1,050 /Mo
      1,187 SF

      Modern Office Condo in Frisco

      Move-in ready office space in a prime Frisco location.
      7846 Preston Rd, Frisco, TX 75034
      View Details
    • $3,000 /Mo

      Frisco Office Unit For Rent

      Office unit available for lease in Frisco, Texas.
      8668 John Hickman Pkwy, Frisco, TX 75034
      View Details
    View Listing
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    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.

    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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