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    6351 Preston Rd Frisco, TX 75034
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    Property profile & analytics

    6351 Preston Rd, Frisco, TX 75034

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    • Office buildings
    • 63,944 SF
    • 4.76 lot acres
    For Lease
    $29 SF/Yr
    View Listing →
    Frisco Office Spaces For Lease For Lease
    $29 SF/Yr
    2,844 SF

    Frisco Office Spaces For Lease

    Office suites available for lease on Preston Road in Frisco.

    6351 Preston Rd, Frisco, TX 75034
    View Listing
    Property ID
    US83-1308514
    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

    • Dataquad Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Brady Law Firm / Law Firm
    • Dr. Eric Snowden / Physician
    • Vining Sparks / Financial Advisor
    • DFW Health & Wellness / Alternative Medicine Practice

    Property Details for 6351 Preston Rd

    Year built
    2005
    Lot size
    4.76 lot acres
    Property type
    Office buildings
    APN
    R-8151-00A-001R-1
    APU
    R815100A001R1

    Description

    This exceptional Class A office building, located at 6351 Preston Road in the Frisco/The Colony submarket of Frisco, Texas, offers multiple executive office suites for lease. Built in 2005, the three-story building boasts a total of 43,000 square feet and provides ample parking with 172 spaces. Available suites range in size from approximately 2,111 to 2,852 contiguous square feet, offering flexibility for various business needs. The largest contiguous space available is 2,852 square feet. Specific suite sizes include approximately 2,140, 2,844, and 2,111 square feet. The building's prime location in the thriving Frisco/The Colony area offers excellent accessibility and visibility. The lease price is $29.00 per square foot, modified gross, plus electricity. This property presents a fantastic opportunity for businesses seeking modern, well-maintained office space in a dynamic and desirable location. The zip code is 75034.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Collin
    State
    Texas
    Longitude
    -96.8059
    Latitude
    33.1304
    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
    $269,397
    $2,692,661
    $12,431,077
    $15,123,738
    -
    $2,692,661
    $12,431,077
    $15,123,738

    Comparable in this City

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      6960 Parkwood Blvd, Frisco, TX 75034-7465
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    Similar Nearby for Sale

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      0.05 Acres

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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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      Frisco Office/Medical/Retail Building For Sale

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      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

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      36,367 SF

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      Frisco Class B Office Space

      Class B office space in the heart of Frisco, TX.
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      5,052 SF

      Frisco Legacy Office Space

      Class A office building in Frisco Legacy neighborhood.
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      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.

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