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$947,406

NAL Estimated Property Value

7242 Elm St, Frisco, TX, 75034

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths1,653 Sq Ft
OfficeOffice
Year BuiltBuilt in 1983

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Heating CentralHeating Central
CoolingCooling
FlooringWood

Exterior

Lot Size7,248 sqft

Building Information

Year Built1983
Stories2

Land Information

APNR-0982-007-0070-1
Lot Number7
SubdivisionFrisco Original Donation (Cfr)
Land UseCommercial
Legal DescriptionFRISCO ORIGINAL DONATION (CFR), BLK 7, LOT 7
Census Tract030410
Assessed Land Value$326,177
Assessed Improvement Value$621,229
Assessment Year2025

About this property

Rare stand alone commercial property in the heart of the Frisco Rail District. zoned for office or retail use. Centrally located in the heart of Frisco, with easy access to Dallas N Tollway, 121, 380, and Preston rd. The downtown Rail District neighborhood is experiencing a huge renaissance with over 50 million in new projects within the surrounding 8 blocks. Complete renovation in 2016 to include a 7 spot concrete parking lot. 6 private offices, a beautiful conference room, kitchenette, 2 bathrooms, and an inviting reception area. High end finishes like hardwood floors and designer touches in bathrooms and common spaces. List price also includes most of the existing furniture. The downtown area values are rapidly appreciating due to all the new development, central location and scarcity in existing product. Great opportunity to own and not lease. Several new projects have been recently approved to make downtown Frisco a regional destination.

Investor Tools

Property Icon
$947,406
Estimated Property Value
$903,799Estimated Mortgage Balance
$43,607Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,684 /month
Positive
Cash Flow Estimate:
$1,895 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,777/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,583
$947,406
2025
$326,177
$621,229
$947,406
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,583
$947,406

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Patrons Bank Na
Unknown
$920,000
No
First
May 27, 2025
May 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$903,799
$43,607
4%
95%
$5,516/mo

City: Frisco

7242 Elm St | Property Details | No Agent List