Financial
Distress signals
Property profile

409 E Princeton Dr Princeton, TX 75407

FOR SALE
Other commercial real estate
Property ID
US82-4890916
5,632 SF 0.61 ac lot Built 1985
Last sale May 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This commercial property in Princeton, Texas (Collin County) is located directly off US 380 and provides 265.34 linear feet of frontage along US 380. It comprises two buildings totaling 5,632 square feet (2,112 sq. ft. and 3,520 sq. ft.) on a 0.612-acre lot, with ample on-site parking and access via Highway 5, Hwy 121, I-75, and US 380. The site is positioned in a retail and service area near major businesses and civic uses, and it is within the traffic corridor carrying approximately 30,324 to

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$539k
Assessed land$489k
Assessed improvement$50k
Effective rate1.91%

Value estimate

· Sep 2026
$410k
$369k – $451k
AI approach$410k
NOI build-up
Gross scheduled income$138k
Vacancy & credit loss−$6k
Operating expenses−$40k
NOI · 5.59% cap applied$92k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
5.59%
$92k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOLLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.1
Electrical Service9.7
Plumbing Service9.2

Location

409 E Princeton Dr Princeton, TX 75407
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Us Hwy 380, Princeton, TX 75407 $154,622 Jun 2023 No data
133 Princeton, Princeton, TX 75407-8811 $45,000 Oct 2022 3,750 SF
670 Princeton, Princeton, TX 75407-2533 $47,855 Aug 2022 15,260 SF
317 Princeton, Princeton, TX 75407-9798 $1,615,000 Oct 2020 2,890 SF
764 Princeton, Princeton, TX 75407-9171 $100,000 Jan 2020 1,500 SF
115 Tallant, Princeton, TX 75407 $127,500 Oct 2018 1,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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