Light Commercial Storefront
For Sale
Contact for pricing
2609 Dobie Drive, Plano, TX 75074
LC-zoned commercial property with retail storefront and auto-service use flexibility near Downtown Plano.
Property Size13,432 SF
Price / SF$167.56
Days on Market181
Property Features for 2609 Dobie Drive
General Information
Standard status
Active
Size
13,432 SF
Total Parking Spaces
33
Property subtype
Retail
Zoning
LC - Light Commercial
Investment Type
Owner/User
Site & Location
Traffic Count
195,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1985
Listing Agency:
DUWEST
(469) 601-0311
Listed By:
Bill Pyle · License #TX 538293
Source:
Crexi
Added: Mar 2
Changed: Aug 30
Last Checked: Aug 30 at 7:37AM
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 DUWEST
Investment Insights
Based on property information with market context.
This 13,432-square-foot storefront property was built in 1985 and is zoned LC – Light Commercial. The zoning supports a range of commercial applications, including traditional retail and auto body shop use, providing flexibility for different operating formats.
The property is located at 2609 Dobie Drive in Plano, Texas, less than five minutes from historic Downtown Plano. US-75 is conveniently accessible and carries more than 195,000 vehicles per day, placing the site within a heavily traveled commercial corridor.
The property is located at 2609 Dobie Drive in Plano, Texas, less than five minutes from historic Downtown Plano. US-75 is conveniently accessible and carries more than 195,000 vehicles per day, placing the site within a heavily traveled commercial corridor.
Key Highlights
- 13,432‑square‑foot storefront property
- LC – Light Commercial zoning
- Retail storefront and auto body shop uses identified
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,096
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,741,920
$1.7M
Cap Rate 7%
$1,244,229
$1.2M
Cap Rate 9%
$967,733
$967.7K
Market Conditions
NOI Build-Up for 13,432 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$130.6K $9.72/SF
− Vacancy
−$6.1K −$0.46/SF
EGI
$124.4K $9.26/SF
− OpEx
−$37.3K −$2.78/SF
NOI
$87.1K $6.48/SF
Area
Plano, TX
Vacancy
4.70%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,741,920
Cap Rate 7%
$1,244,229
Cap Rate 9%
$967,733
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $87,096 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.09M
$2.71M – $3.61M
NOI $216,553 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
195,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
Under-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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - LC-zoned commercial property with retail storefront and auto-service use flexibility near Downtown Plano.
Where is this storefront property located?
The property is located at 2609 Dobie Drive Plano, TX.
What is the asking price?
The asking price for this property is $2,250,600.
What are key features of this property?
This property features: 13,432‑square‑foot storefront property; LC – Light Commercial zoning; Retail storefront and auto body shop uses identified
