Multi-Tenant Office
200 Chisholm Pl, Plano, TX 75075
For Sale
Contact for pricing
The professional office property is configured for occupancy by multiple tenants.
Property Size45,830 SF
Lot Size3.32 Acres
Price / SF$105.83
Days on Market15
Property Features for 200 Chisholm Pl
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Additional Details
Highway Access
Tenant in Place
Property Use
Building Details
Year Built
Year Renovated
Buildings
Building Size
Tenancy
Listing Agency:
STRIVE Commercial Real Estate Advisors
Listed By:
Jennifer Pierson · License TX 424317-B
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 12 at 5:50AM
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 STRIVE Commercial Real Estate Advisors
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Investment Insights
Based on property information with market context.
Chisholm Place is a 45,830-square-foot professional office building on 3.32 acres. Constructed in 1985 and renovated in 2020, the property has 16 tenants and is 87.14% leased, with 5,896 square feet currently vacant.
The Plano property is near US 75 and the President George Bush Turnpike. Its reported going-in cap rate is 9.13% based on Year 1 actual NOI, while the pro forma cap rate is 11.44%.
The Plano property is near US 75 and the President George Bush Turnpike. Its reported going-in cap rate is 9.13% based on Year 1 actual NOI, while the pro forma cap rate is 11.44%.
Key Highlights
- 45,830‑square‑foot office building on 3.32 acres
- 16 tenants; 87.14% leased
- 5,896 square feet of vacant space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,201
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,044,020
$3.0M
Cap Rate 7%
$2,174,300
$2.2M
Cap Rate 9%
$1,691,122
$1.7M
Market Conditions
NOI Build-Up for 45,830 SF
Gross rent
$247.5K $5.40/SF
− Vacancy
−$44.5K −$0.97/SF
EGI
$202.9K $4.43/SF
− OpEx
−$50.7K −$1.11/SF
NOI
$152.2K $3.32/SF
Area
Plano, TX
Vacancy
18.00%
Lease Rate
$5.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,044,020
Cap Rate 7%
$2,174,300
Cap Rate 9%
$1,691,122
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.54M
NOI $152,201 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.56M
$9.24M – $12.31M
NOI $738,879 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
87.1%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,444
Businesses Nearby
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Business Placement
Demographics for 75075, TX
36,600
Population
16,262
Households
2.3
Avg Household Size
41
Median Age
50%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
3,773
Density / Sq Mi
$91,517
Median Household Income
$52,749
Median Earnings
$1,653
Median Rent
$390,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Plano
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The professional office property is configured for occupancy by multiple tenants.
Where is this office building located?
The property is located at 200 Chisholm Pl Plano, TX.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: 45,830‑square‑foot office building on 3.32 acres; 16 tenants; 87.14% leased; 5,896 square feet of vacant space
