In this paper, we study the magnitude of the effective prestressing force of steel strands in prestressed reinforced concrete structures. Through the theory of micro-hole release, the functional relationship equation between tensile stress and strain-containing coefficients A and B is established. Then, Midas FEA NX 2022 (v1.1) finite element software is used to establish the stress-release model of strand drilling holes and analyze the influence of parameters such as drilling depth, drilling diameter, hole–edge distance, and tension stress on the amount of stress release. Finally, through a homemade tensioning platform, we verify the reasonableness of the finite element simulation calculation law and determine coefficients A and B. The results of the study show that based on Kirsch’s analytical formula and the theory of microvia release, the axial tension force and axial strain are linearly correlated; the Midas FEA NX finite element software can effectively simulate the force state of strand cross-section; and through the strand-drilled hole model simulation and analysis, it is found that the tension stress value and the stress-release amount are related to the tensile stress value and the tensile stress value. We found that the value of tensile stress and the amount of stress released are positively correlated; with the increase in the hole margin, the amount of stress released gradually decreases; with the increase in the diameter of the hole, the amount of strain released gradually increases; and the greater the depth of the hole, the greater the amount of strain release. Moreover, the use of a hole margin of 3–6 mm, a hole diameter of 1.5 mm and 1.8 mm, and a hole depth of 2.5 mm is more reasonable in the test conditions, as follows. Through the drilling test conditions of 1.5 mm drilling diameter, 2.5 mm drilling depth, and 4 mm hole side distance, we verified the measured strain value of the steel wire and the tensile force value of the linear correlation between the functional relationship and the use of this functional relationship to determine the theoretical derivation of the coefficient to be determined: A is 1.12 and B is 57.84.