Building Details

Year Built 1995

Listing Agency: Rendon Realty, LLC Show Phone

Listed By: Vahn Patino · License #0719486 Show Phone

Source: Lonestarluxuryrealty

Added: Aug 26 Changed: Oct 2 Last Checked: Oct 16 at 8:24AM

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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 Rendon Realty, LLC

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Investment Insights

Based on property information with market context.

This 6,408-square-foot flex property, completed in 1995, brings warehouse, office, and showroom areas together within an L1-zoned commercial building. The configuration provides varied operational space under one roof while retaining a customer-facing showroom component.

The property is located at 2401 E Plano Parkway in Dallas, with access to I-35E, the Dallas North Tollway, and Loop 12. Downtown Dallas is also identified as an accessible destination from the site. The combination of flexible interior uses and established roadway access supports a range of commercial operations requiring both work areas and presentation space.

Key Highlights

• 6,408‑square‑foot flex property
• L1 zoning with warehouse, office, and showroom areas
• Built in 1995

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,281

Suggested Prices Based on Cap Rates

Cap Rate 5%

$425,620 $425.6K

Cap Rate 7%

$304,014 $304.0K

Cap Rate 9%

$236,456 $236.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 6,408 SF

Gross rent

$34.6K $5.40/SF

− Vacancy

−$6.2K −$0.97/SF

EGI

$28.4K $4.43/SF

− OpEx

−$7.1K −$1.11/SF

NOI

$21.3K $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%

$425,620

Cap Rate 7%

$304,014

Cap Rate 9%

$236,456

Alternative Uses

Best Use

Warehouse

$722.3K

$632.0K – $842.7K (±1% cap)

NOI $50,560 @ 7.0% cap · market cap 777.85%

Second Best

Industrial

$594.8K

$520.5K – $694.0K (±1% cap)

NOI $41,638 @ 7.0% cap · market cap 640.58%

Theoretical Best

Multifamily LT 5

$1.48M

$1.29M – $1.72M (±1% cap)

NOI $103,311 @ 7.0% cap · market cap 1,589.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Final Vinyl Floors ... Carpet & Flooring Store Cabinets To Go Hardware & Home Improvement Binswanger Glass Hardware & Home Improvement

Suggested Use

Top Pick Parking Lot & Garage Veterinary Clinic Daycare Center (Bike/Boat/Book/etc) Store Pharmacy Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,217

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75074, TX

53,003

Population

19,362

Households

2.7

Avg Household Size

35

Median Age

42%

College-Educated

85%

High-School Grad

16.0 sq mi

ZIP Area

3,313

Density / Sq Mi

$84,185

Median Household Income

$42,523

Median Earnings

$1,678

Median Rent

$347,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - L1-zoned commercial space combines warehouse, office, and showroom functions in one adaptable property.

Where is this flex space located?

The property is located at 2401 E Plano Parkway Plano, TX.

What are key features of this property?

This property features: 6,408‑square‑foot flex property; L1 zoning with warehouse, office, and showroom areas; Built in 1995