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

    Prosper, TX 75078

    • Commercial real estate
    • 11,230 SF
    • 1.28 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1409429
    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

    • Commercial real estate

    Property Details

    Year built
    2023
    Lot size
    1.28 lot acres
    Property size
    11,230 SF
    Property type
    Commercial real estate
    APN
    R-11650-00A-0035-1
    APU
    R1165000A00351

    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
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.80111
    Latitude
    33.2362278
    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
    $0.00
    $1,112,522
    $642,093
    $1,754,615
    -
    $1,112,522
    $642,093
    $1,754,615

    Comparable in this City

    • Value Estimation by Request

      Us Hwy 380 & Legacy Dr

      Land
      0 Us Hwy 380 & Legacy Dr, Prosper, TX 75078
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      1.68 Acres

      Us Hwy 380

      COMMERCIAL (GENERAL) • 1.68 Acres
      Us Hwy 380, Prosper, TX 75078
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      0.04 Acres

      Broadway St

      COMMERCIAL (GENERAL) • 0.04 Acres
      Broadway St, Prosper, TX 75078
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      4.64 Acres

      831 Coleman St

      COMMERCIAL (GENERAL) • 4.64 Acres
      831 Coleman St, Prosper, TX 75078-2339
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      7.50 Acres

      Copper Cyn Dr

      COMMERCIAL (GENERAL) • 7.50 Acres
      Copper Cyn Dr, Prosper, TX 75078
      View Details
    • Value Estimation by Request
      209,678 SF

      2380 Richland Blvd

      Land • 209,678 SF
      2380 Richland Blvd, Prosper, TX 75078
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.87 Acres

      Celina Commercial Land Investment

      1.87 Acres, High-Traffic Location
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      View Details
    • $9,250,000
      31.97 Acres

      Prosper, TX - 32-Acre Multi-Use Land

      Prime Collin County land, ideal for development. Exceptional investment opportunity.
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    • $690,000
      0.39 Acres

      Prime Commercial Corner Lot

      Commercial corner lot in downtown Prosper, TX, ideal for development.
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      6.86 Acres

      Prosper, TX Retail/Office Land

      6.86 Acres, Prime Collin County Location
      0 Swc Pr Dr & Mayhard Pkwy, Prosper, TX 75078
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      60.00 Acres

      Prosper, TX: 60 Acres Commercial Land

      Prime Commercial Land, Prosper, TX. Excellent Development Opportunity.
      0 1St St, Prosper, TX 75078
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    • Contact for pricing

      Land Near Dallas North Tollway

      Land near residential communities and the upcoming Dallas North Tollway.
      2166 Prosper Trl, Prosper, TX 75078
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,549 SF

      Retail Space in Prosper, Texas

      Retail/office space for lease in Prosper, Texas.
      181 N Preston Rd, Prosper, TX 75078
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    • $3,938 /Mo
      1,390 SF

      New Office Space in Prosper

      New construction office space suitable for multiple businesses in Prosper.
      2120 Prairie Dr, Prosper, TX 75078
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    • Contact for pricing

      Land Available For Rent

      Land for rent with gated access control and fencing.
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      1,107 SF

      Office Space in Prosper, TX

      Office space available for lease in Prosper, Texas.
      590 W Frontier Pkwy, Prosper, TX 75078
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      Land Available Near Dallas Tollway

      Pad sites for rent near HEB opening in 2025.
      12468 Frontier Pkwy, Prosper, TX 75078
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    • Contact for pricing

      3.2 Acres on Preston Road

      Commercial land available for ground lease with drive-thru approval.
      720 Moss Glen Dr, Prosper, TX 75078
      View Details
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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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