Tenant-Occupied Mixed-Use
For Sale
Contact for pricing
800 North Plano Road, Richardson, TX 75081
Modern multi-suite property with established title and diagnostic service tenants along N Plano Rd.
Property Size12,755 SF
Price / SF$368.48
Days on Market140
Property Features for 800 North Plano Road
General Information
Standard status
Active
Size
12,755 SF
Property subtype
Office
Occupancy
27%
Investment Type
Owner/User
Additional Details
Road Access
Yes
Building Details
Year Built
2023
Buildings
1
Tenancy
Multi
Listing Agency:
Partners - Austin
Listed By:
Ryan McCullough, SIOR · License #TX 742422
Source:
Crexi
Added: Apr 13
Changed: Aug 29
Last Checked: May 8 at 9:55AM
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 Partners - Austin
Investment Insights
Based on property information with market context.
Constructed in 2023, this multi-suite mixed-use property at 800 N Plano Rd in Richardson includes three occupied suites. Titan Title & Closing operates from Suite 100, while Innovative Diagnostics occupies Suites 200 and 300, creating a varied operating profile within the building.
The property is positioned along a high-traffic roadway and is surrounded by major universities and a broad mix of businesses. Its modern construction, visible roadway setting, and existing occupants provide a clearly defined commercial profile for investors evaluating a tenant-occupied asset.
The property is positioned along a high-traffic roadway and is surrounded by major universities and a broad mix of businesses. Its modern construction, visible roadway setting, and existing occupants provide a clearly defined commercial profile for investors evaluating a tenant-occupied asset.
Key Highlights
- Constructed in 2023
- Three occupied suites create a mixed tenant profile
- Suite 100 occupied by Titan Title & Closing
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
$188,907
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
4.02%
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%
$3,778,140
$3.8M
Cap Rate 7%
$2,698,671
$2.7M
Cap Rate 9%
$2,098,967
$2.1M
Market Conditions
NOI Build-Up for 12,755 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
$336.7K $26.40/SF
− Vacancy
−$84.9K −$6.65/SF
EGI
$251.9K $19.75/SF
− OpEx
−$63.0K −$4.94/SF
NOI
$188.9K $14.81/SF
Area
Richardson, TX
Vacancy
25.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$3,778,140
Cap Rate 7%
$2,698,671
Cap Rate 9%
$2,098,967
Alternative Uses
Best Use
Office B
$2.70M
$2.36M – $3.15M
NOI $188,907 @ 7.0% cap · market cap 4.02%
Second Best
Healthcare Medical
$2.41M
$2.11M – $2.82M
NOI $168,978 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$3.87M
$3.39M – $4.52M
NOI $271,100 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 75081, TX
37,766
Population
14,662
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
90%
High-School Grad
9.0 sq mi
ZIP Area
4,196
Density / Sq Mi
$90,953
Median Household Income
$50,026
Median Earnings
$1,765
Median Rent
$340,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Modern multi-suite property with established title and diagnostic service tenants along N Plano Rd.
Where is this mixed-use property located?
The property is located at 800 North Plano Road Richardson, TX.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Constructed in 2023; Three occupied suites create a mixed tenant profile; Suite 100 occupied by Titan Title & Closing
