Last 24 Hours
$254,774
NAL Estimated Property Value255 W Lebanon Ste 216, Frisco, TX, 75036
Off Market
Commercial
— Beds
— Bath
611 Sq Ft
Office
Built in 2018Highlights
Interior
Bedrooms —
Bathrooms —
Garage Available
Heating Central
CoolingExterior
Lot Size4.78 acres
Building Information
Year Built2018
Stories1
Roof Type112
Garage Spaces266
Land Information
APNR745218
SubdivisionWaterstone Condominiums
Land UseCommercial
Legal DescriptionWATERSTONE CONDOMINIUMS UNT 216 PLUS 1.193 % INT IN COM AREA
Census Tract021534
Assessed Land Value$49,597
Assessed Improvement Value$211,384
Assessment Year2025
About this property
Income producing office or medical property in a very popular and successful business park in West Frisco. No other available vacancies and easy to lease. Property is currently leased to a very qualified SPA tenant on a 3 year lease at $32 per sq ft plus NNN with about 2.5 years remaining. Lease obligations and the deposit are fully transferable to the new owner. Tenant pays taxes, association fees, insurance, management fees and repairs. Property was recently upgraded with LVT wood look floors throughout and upgraded soundproofing Please don't contact or disturb the tenant. Tenant wishes to remain and has an option to renew at the end of the term,
Investor Tools
$254,774
Estimated Property Value
$0Estimated Mortgage Balance
$254,774Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,040 /month
Positive
Cash Flow Estimate:
$680 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$139/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$399
$254,774
2025
$49,597
$211,384
$260,981
No
Tax History
Year
Tax Paid
Assessed Value
2024
$399
$254,774
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$254,774
100%
0%
$0/mo
12.4%