Property profile

3960 Preston Rd Frisco, TX 75035

FOR LEASE
Commercial land
Property ID
US82-7721879
7,295 SF 1.22 ac lot Built 2018
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located at the southeast corner of Preston Road and John Hickman Parkway in the thriving city of Frisco, Texas, Collin County. The property, known as Frisco Shops on Preston, offers a total of 8,270 square feet, divided into two suites. Currently, 4,400 square feet are available for lease, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 2,400 square feet. This presents a unique chance for businesses seeking high-visibility locations in one of Texas's fastest-growing cities. The property's strategic location on Preston Road ensures excellent visibility and accessibility, benefiting from the high traffic volume of this major thoroughfare. Frisco's robust population growth and economic expansion create a strong market for retail and restaurant businesses. The property is ideally suited for a variety of commercial uses, including retail shops and restaurants. This is an excellent opportunity to establish a presence in a dynamic and prosperous community. The property's address is 3960 Preston Rd, Frisco, TX 75034. Don't miss this chance to secure a prime retail space in the heart of Frisco's bustling commercial district.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 2018
Total area 7,295 SF
Lot 1.22 ac (53,013 SF)
Zoning code COMM
APN R-4250-00B-006R-1
UPID US82-7721879

Cap rate & NOI

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

Location

3960 Preston Rd Frisco, TX 75035
Frisco metro Census 30506 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
$607k
Blend (final) Blend
$500k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A
2018
Price N/A
2018
Price N/A

Zoning & alternative use

COMM · Frisco, TX

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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