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    Retail Space Near Collin Creek Title is generated by Realmo AI

    801 W 15TH STREET, Plano, TX 75075

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    Retail space available near upcoming Collin Creek Mall redevelopment.

    Type:Commercial
    Property size:
    169,484 SF
    Added:
    Apr 8, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 3 at 4:58 am

    Property Features for 801 W 15TH STREET

    General Information

    Standard status
    Active
    Size
    169,484 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Gretchen Miller
    Gretchen Miller

    Listing agent Gretchen Miller

    Listing office The Weitzman Group | Dallas

    Listing date Apr 8, 2026

    Source Weitzmangroup

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Weitzman Group | Dallas

    HighLights

    • Located in close proximity to the $1 billion Collin Creek Mall redevelopment
    • Collin Creek redevelopment will include 2,300 multi‑family units and 500 single‑family homes
    • The Collin Creek redevelopment will feature over 300,000 square feet of retail and dining
    • The Collin Creek redevelopment will feature 1.3 million square feet of office space
    • Suite 801E available: 25,500 SF

    Overview

    This retail space is located in a power center at the northeast corner of West 15th Street and Alma Drive. The property is situated in close proximity to the $1 billion Collin Creek Mall redevelopment project. The redevelopment plans include 500 single-family homes, 2,300 multi-family units, and 300 independent living residences. Collin Creek will also feature 1.3 million square feet of office space, over 300,000 square feet of retail and dining space, 8 acres of parks, 200 hotel rooms, and more than a mile of walking trails. Suite 801E offers 25,500 square feet of available space within the 169,484 square foot property.
    Property Profile Location Intelligence

    Current Use by Public Records

    King Nails & Bar Nail Salon DSW Designer Shoe ... Clothing & Fashion Store Barnes & Noble (Bike/Boat/Book/etc) Store KeyMe Locksmiths Locksmith fi.d.o (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Creekwalk Village — 801 w 15th st, plano, tx 75075
    • Chisholm Plaza — 1915 Central Expy, Plano, TX 75075
    • Collin Creek Shopping Center — North Central Expressway @, E 15th St, Plano, TX 75075
    • Collin Creek Mall — 811 n central expy, plano, tx 75075

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7147071
    Latitude
    33.0204659

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    FAQs

    What type of property is this?
    Shopping center - Retail space available near upcoming Collin Creek Mall redevelopment.
    Where is this shopping center located?
    The property is located at 801 W 15TH STREET Plano, TX.
    What are key features of this property?
    This property features: Located in close proximity to the $1 billion Collin Creek Mall redevelopment; Collin Creek redevelopment will include **2,300 multi‑family units** and **500 single‑family homes**; The Collin Creek redevelopment will feature over **300,000 square feet of retail and dining**
    (214) 720-6687
    We can help!
    Listing Contact
    Gretchen Miller
    Gretchen Miller
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    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.

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