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    Versatile Flex Space in Plano Title is generated by Realmo AI

    2700 K Avenue, Plano, TX 75074

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    Claim this Listing
    For Lease
    $20 SF/Yr $3,083/Mo (calc)

    COMMERCIAL - Plano, TX

    Type:Retail
    Property size:
    1,850 SF
    Lot size:
    0.99 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    40
    Last Refresh:
    Jun 2 at 8:06 pm

    Property Features for 2700 K Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Open, Parking Lot
    Standard status
    Active
    APN
    R1859001001R1
    Size
    1,850 SF
    Lot size
    0.99 Acres

    Taxes and HOA fees

    Tax Description
    DOBIE PLAZ A #4 (CPL), BLK 1, LOT 1R

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    1
    Number of units
    700
    Flooring type
    Concrete, Laminate
    Building materials
    StoneVeneer, Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Torang Nazmi
    Torang Nazmi

    Listing agent Torang Nazmi License #0591072

    Listing office AATRealty LLC Irving, TX

    Listing date Apr 24, 2026

    MLS# 21207610

    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.

    HighLights

    • Strategic infill location in Plano's industrial corridor with immediate access to Hwy 75 and President George Bush Turnpike.
    • Versatile 1850 SF flex space suitable for light manufacturing, professional services, or high‑tech operations.
    • Zoned PD‑23‑LC, accommodating a wide variety of light commercial and industrial uses.
    • High‑quality, durable concrete tilt‑up‑masonry construction with TPO roof.
    • Grade‑level loading access ideal for deliveries and distribution.
    • 8 dedicated parking spots in front of the building, plus access to a 41‑space common lot.

    Overview

    Located in Plano's industrial corridor, this 1850 square foot flex space is suitable for light manufacturing, professional services, or high-tech operations. The unit is situated in a high-visibility masonry building, offering a strategic infill location. The property features functional, high-clearance space with grade-level loading, suitable for deliveries and distribution. Construction consists of high-quality concrete tilt-up-masonry with a durable TPO roof. Parking includes 8 spots in front of the building, part of a 41-space common lot. Zoned PD-23-LC, the property accommodates a variety of light commercial and industrial uses. Exterior maintenance and NNN are included in the rent. The property has immediate access to Hwy 75 Central Expressway and the President George Bush Turnpike, placing it near Richardson’s Telecom Corridor and the greater DFW Metroplex.
    Location Intelligence

    Current Use by Public Records

    Creative Shutters (Bike/Boat/Book/etc) Store FlexCore Personal Training Gym & Fitness Center

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Just Wangs and Thangs — 821 N Central Expy, Plano, TX 75075

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.698586
    Latitude
    33.034056

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    FAQs

    What type of property is this?
    Flex space - 1850 SF flex space ideal for light manufacturing.
    Where is this flex space located?
    The property is located at 2700 K Avenue Plano, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Strategic infill location in Plano's industrial corridor with immediate access to Hwy 75 and President George Bush Turnpike.; Versatile 1850 SF flex space suitable for light manufacturing, professional services, or high‑tech operations.; Zoned PD‑23‑LC, accommodating a wide variety of light commercial and industrial uses.
    (214) 914-2032
    We can help!
    Listing Contact
    Torang Nazmi
    Torang Nazmi
    Real Estate License ID: 0591072
    Learn More
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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.

    More about this property
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