Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3320 Premier Drive Plano, TX 75023

    View on Map
    For Sale
    $950,000

    Unimproved Land - Plano, TX

    Type:Unimproved Land
    Lot size:
    1.05 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    43
    Last Refresh:
    Mar 31 at 8:06 pm

    Property Features for 3320 Premier Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R285700A00101
    Lot size
    1.05 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brandon Larson
    Brandon Larson

    Listing agent Brandon Larson License #0662034

    Listing office Engel & Voelkers Dallas-FLMnd 2451 Lakeside Parkway, Trophy Club, TX

    Listing date Feb 16, 2026

    MLS# 21054474 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Commercial Lot in Plano

    Located minutes from US 75 (Central Expressway), the vacant commercial lot at 3320 Premier Drive in Plano, TX, offers accessibility and visibility. The 1.046-acre property is positioned within an established commercial corridor, surrounded by businesses, retail centers, medical offices, and professional services. The location benefits from traffic and consumer demand. The property features level topography, utility access, and frontage along Premier Drive. The site is suited for a medical or professional office, retail establishment, or other commercial project. Plano attracts corporations, entrepreneurs, and new residents, driving demand for commercial space. The property is located in Collin County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.707139
    Latitude
    33.041561

    Nearby Similar for Sale

    • $525,000

      Refurbished Office Condo in Plano

      Prime Plano office space, recently refurbished, ready for occupancy.
      5805 Coit Road, Plano, TX 75093
      View Details
    • $650,000
      1,650 SF

      Furnished Office Condo in Plano

      Move-in ready office condo in a prime Plano location.
      4686 Mcdermott Road, Plano, TX 75024
      View Details
    • $950,000

      Prime Commercial Lot in Plano

      Vacant commercial lot in high-growth Plano, near US 75.
      3320 Premier Drive, Plano, TX 75023
      View Details
    • $1,900,000

      Unique Renovated Office in Plano

      Exceptional 5,326 sq ft office property in downtown Plano.
      910 18th Street, Plano, TX 75074
      View Details
    • $549,900

      Plano Duplex: Investment Opportunity

      Fully occupied Plano duplex with income and future flexibility.
      1804 Bristol Cove, Plano, TX 75074
      View Details
    • $155,000

      Restaurant in Preston Village Shopping

      Fully equipped restaurant in a high-traffic Plano location.
      8700 Preston Road, Plano, TX 75024
      View Details
    • $130,000
      1,425 SF

      Established Filipino Restaurant in Plano

      Well-established Filipino restaurant in Plano, Texas with strong following.
      909 Spring Creek Parkway, Plano, TX 75023
      View Details
    • $465,000

      Renovated Duplex in Prime Plano

      Turnkey duplex with renovated units, ideal for owner-occupants or investors.
      1725 R Avenue, Plano, TX 75074
      View Details
    • $465,000

      Renovated Duplex in Prime Plano

      Turnkey duplex with renovated units, ideal for owner-occupants or investors.
      1721 R Avenue, Plano, TX 75074
      View Details
    • $465,000

      Renovated Duplex in Prime Plano

      Turnkey duplex with renovated units, ideal for owner-occupants or investors.
      1729 R Avenue, Plano, TX 75074
      View Details
    • $700,000

      Freestanding Office Building in Plano

      Well-maintained office building in Plano, ideal for various uses.
      1225 19th Street, Plano, TX 75074
      View Details
    • $1,450,000

      Plano Childcare Building For Sale

      Fully furnished childcare building in Plano, ready for immediate occupancy.
      3929 Alma Drive, Plano, TX 75023
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot in high-growth market with excellent accessibility and visibility.
    Where is this commercial land located?
    The property is located at 3320 Premier Drive Plano, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Prime location in a high‑growth North Texas market (Plano) near US 75.; Excellent visibility and accessibility due to frontage on Premier Drive.; Surrounded by thriving businesses, retail, and medical/professional offices.
    (817) 416-2700
    We can help!
    Listing Contact
    Brandon Larson
    Brandon Larson
    Real Estate License ID: 0662034
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!