Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8425 Fm 423 Frisco, TX 75036-3086

    • Commercial real estate
    • 11,250 SF
    • 1.74 lot acres
    OFF-MARKET
    Value Estimations
    $1,445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1927344
    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

    • Cool Heads Salon For Men Frisco FM423 / Barber Shop
    • MassageLuXe West Frisco / Alternative Medicine Practice / Spa & Massage Center
    • SushiBox / Restaurant
    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store
    • Prestige Vape & Smoke / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice

    Property Details for 8425 Fm 423

    Year built
    2020
    Lot size
    1.74 lot acres
    Property size
    11,250 SF
    Property type
    Commercial real estate
    APN
    R694209
    APU
    R694209

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,304,000
      Market price range: $395k - $1.30M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $880,000
      Current use
      OFFICE BUILDING
      $2,340,000
      Change: +166% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Denton
    State
    Texas
    Longitude
    -96.8917
    Latitude
    33.1486
    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
    2023
    $91,643
    $1,366,651
    $4,035,964
    $5,402,615
    -
    $1,366,651
    $4,035,964
    $5,402,615

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      12105 Elm Ln

      COMMERCIAL (GENERAL) • 0.11 Acres
      12105 Elm Ln, Frisco, TX 75036-9336
      View Details
    • Value Estimation
      $965,000
      28,645 SF

      145 Rose Ln

      COMMERCIAL (GENERAL) • 28,645 SF
      145 Rose Ln, Frisco, TX 75036-9124
      View Details
    • Value Estimation by Request
      1,500 SF

      Witt King Se Cor Rd

      COMMERCIAL (GENERAL) • 1,500 SF
      Witt King Se Cor Rd, Frisco, TX 75036
      View Details
    • Value Estimation
      $690,000
      16,923 SF

      303 King Rd

      COMMERCIAL (GENERAL) • 16,923 SF
      303 King Rd, Frisco, TX 75036-9126
      View Details
    • Value Estimation
      $670,000
      17,650 SF

      301 King Rd

      COMMERCIAL (GENERAL) • 17,650 SF
      301 King Rd, Frisco, TX 75036-9275
      View Details
    • Value Estimation
      $1,040,000
      21,887 SF

      8227 Fm 423

      COMMERCIAL (GENERAL) • 21,887 SF
      8227 Fm 423, Frisco, TX 75036-3025
      View Details

    Similar Nearby for Sale

    • $3,500,000
      5.69 Acres

      3411 Pr King Rd

      Land • 5.69 Acres
      3411 Pr King Rd, Frisco, TX 75036
      View Details
    • Contact for pricing
      4,000 SF

      Frisco Warehouse - 4,000 SF

      New 2023 warehouse, multi-tenant, ideal for business.
      15118 King Rd, Frisco, TX 75036
      View Details
    • $400,000

      Land with Multiple Lake Views

      Unimproved land in Frisco, TX, with lake views.
      10548 Buccaneer Pt, Frisco, TX 75036
      View Details
    • $2,950,000
      5.69 Acres

      Land in Little Elm, TX

      5.693 acres of land zoned Light Commercial.
      3411 Pr King Rd, Little Elm, TX 75036
      View Details
    • $1,100,000
      0.45 Acres

      Waterfront Lot with Lake View

      Waterfront lot in Frisco with unobstructed lake view.
      11514 Clipper Cir, Frisco, TX 75036
      View Details
    • $495,000
      0.40 Acres

      Lake View Land in Frisco

      Vacant lot with lake views and utilities in Frisco, Texas.
      7664 Snug Harbor Cir, Frisco, TX 75036
      View Details

    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
      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
    • $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
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8425 Fm 423
    Frisco, TX 75036-3086
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.