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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8244 Fm 423 Frisco, TX 75036

    • Medical space
    • 7,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2047572
    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.

    Current Use by Public Records

    • Buffalo Wild Wings 'GO' / Restaurant
    • Jimmy John's / Take-out & Catering
    • Mici Handcrafted Italian / Restaurant
    • Mici Italian / Restaurant

    Property Details for 8244 Fm 423

    Property size
    7,000 SF
    Property type
    Medical space

    Description

    This exceptional 7,000 square foot retail property, located at 8244 FM 423 in Frisco, Texas (zip code 75036), presents a unique leasing opportunity. Situated at the intersection of FM 423 and Stonebrook Parkway, this C-1 zoned property boasts high visibility and accessibility, benefiting from a daily traffic volume exceeding 50,000 vehicles. Currently, 2,270 square feet of space is immediately available, representing a minimum divisible unit. The property's flexible zoning allows for a variety of uses, including retail, medical, fitness, or office spaces. The building's total area is 7,000 square feet, offering potential for expansion or consolidation depending on tenant needs. Located in the desirable Frisco submarket of Denton County, this property benefits from a strong demographic profile. This prime location offers excellent exposure and access to a thriving community, making it an ideal choice for businesses seeking a high-traffic, easily accessible location in the heart of Frisco. The property is zoned C-1, providing flexibility for a range of commercial uses. Don't miss this chance to establish your business in a vibrant and growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Denton
    State
    Texas
    Longitude
    -96.89051976
    Latitude
    33.14742881

    Comparable in this City

    • $31 SF/Yr
      24,300 SF

      Frisco Lakes Retail Center

      New Retail Space Available - Frisco, TX
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    • $2,500 /Mo
      118,187 SF

      Upscale Frisco Professional Office Condo

      Prime Frisco office condo near FM 423 and Stonebrook Pkwy.
      425 Old Newman Rd, Frisco, TX 75036
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    • $29 SF/Yr
      1,150 SF

      Prime Office Space in Frisco

      Well-located Frisco office space with high visibility and accessibility.
      400 Stonebrook Pkwy, Frisco, TX 75036
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    • $3,300 /Mo

      Frisco Office/Medical Space For Lease

      Newly built office space in a high-traffic Frisco location.
      400 Stonebrook Pkwy, Frisco, TX 75036
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    • $2,500 /Mo
      4 SF

      Move-in Ready Frisco Office Condo

      Finished office condo in prime Frisco location near Highway 423.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
    • New
      $8,167 /Mo
      118,178 SF

      Frisco Office/Medical Building For Lease

      Move-in ready office/medical building in Frisco, TX available for lease.
      425 Old Newman Rd, Frisco, TX 75036
      View Details

    Similar Nearby for Sale

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      Frisco Office Investment Opportunity

      Commercial office unit leased to State Farm through 2027.
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      Upscale Frisco Professional Office Condo

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      Waterfront lot in Frisco with unobstructed lake view.
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    Similar Nearby for Lease

    • $31 SF/Yr
      24,300 SF

      Frisco Lakes Retail Center

      New Retail Space Available - Frisco, TX
      8275 Judges Way, Frisco, TX 75036
      View Details
    • $3,300 /Mo

      Frisco Office/Medical Space For Lease

      Newly built office space in a high-traffic Frisco location.
      400 Stonebrook Pkwy, Frisco, TX 75036
      View Details
    • $2,500 /Mo
      118,187 SF

      Upscale Frisco Professional Office Condo

      Prime Frisco office condo near FM 423 and Stonebrook Pkwy.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
    • $29 SF/Yr
      1,150 SF

      Prime Office Space in Frisco

      Well-located Frisco office space with high visibility and accessibility.
      400 Stonebrook Pkwy, Frisco, TX 75036
      View Details
    • $2,500 /Mo
      4 SF

      Move-in Ready Frisco Office Condo

      Finished office condo in prime Frisco location near Highway 423.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
    • New
      $8,167 /Mo
      118,178 SF

      Frisco Office/Medical Building For Lease

      Move-in ready office/medical building in Frisco, TX available for lease.
      425 Old Newman Rd, Frisco, TX 75036
      View Details
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    8244 Fm 423
    Frisco, TX 75036
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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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