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$599,000

NAL Estimated Property Value

Lot 2 Parkwood Boulevard, Frisco, TX, 75034

Off MarketInfo
CommercialInfo

About this property

This is your rare opportunity to own one of the only half acre lots available in Frisco for development. PRIME half acre commercial lot located in the heart of Frisco on heavily trafficked Parkwood Boulevard near the Downtown Frisco Rail District. Perfect opportunity for any developer or user looking to build in Frisco, with close proximity to Dallas North Tollway, Preston Road, Main Street, and Stonebrook Parkway medical and office districts. Property is currently zoned Office 1 which is ideal for office or medical use. Site concept plans for a two-story building with parking to maximize lot coverage. Owner has done preliminary development meetings with the city and has 2 different site plans to review. Owner owns half of the shared driveway between the property and the dentist office on the north side of the lot.

Investor Tools

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$599,000
Estimated Property Value
$0Estimated Mortgage Balance
$599,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Frisco

Lot 2 Parkwood Boulevard | Property Details | No Agent List