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    Fully Equipped Restaurant Opportunity Title is generated by Realmo AI

    8700 Preston Road, Plano, TX 75024

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    For Sale
    $145,000

    COMMERCIAL - Plano, TX

    Lot size:
    25.06 Acres
    Added:
    May 22, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 8700 Preston Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot, Open
    Standard status
    Active
    APN
    R-4081-001-0050-1
    Lot size
    25.06 Acres

    Utilities

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

    Building Details

    Year built
    1998
    Floors in Building
    1
    Number of units
    104
    Flooring type
    Tile
    Building materials
    Brick, Concrete, Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Melissa Chance

    Listing agent Melissa Chance License #0681636

    Listing office Chance Real Estate Group LLC Richardson, TX

    Listing date May 22, 2026

    MLS# 21109381

    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

    • Fully equipped restaurant asset sale in Preston Village Shopping Center at Hwy 121 & Preston Rd, Plano
    • Includes all FF&E (furniture, fixtures, and equipment) for immediate operation or rebranding
    • 70‑seat capacity with high ceilings and a restaurant layout designed for dining service
    • Construction materials include brick, concrete, and stucco; flooring is tile
    • Central heating and central air; flat roof
    • Public utilities: public water and public sewer; parking lot with open parking

    Overview

    This fully equipped restaurant is offered as a complete asset sale, including all FF&E (furniture, fixtures, and equipment) for immediate operation or for an operator to rebrand. The concept includes a 70-seat capacity, high ceilings, and an open, shared parking setup designed to support steady customer access within a larger retail environment.

    Located in the Preston Village Shopping Center at the intersection of Hwy 121 and Preston Rd in Plano, the property benefits from strong through-traffic and visibility. Public remarks note over 114,000 VPD on Hwy 121 and 58,000 VPD on Preston Rd, with the space positioned to capture customers moving along these primary corridors.

    The layout and included equipment make this a strong fit for an owner-operator seeking a turn-key restaurant, or for an investor looking for a ready-to-activate food service asset within a thriving retail setting. Its capacity, high-ceiling environment, and established retail address can support a range of restaurant concepts, whether maintaining the current setup or refreshing the branding to match a new target audience.
    Property Profile Location Intelligence

    Current Use by Public Records

    UPS Access Point ... Courier Service Petco Vaccination Clinic Veterinary Clinic Texas Dental Specialists Dental Office Texas Dental Specialists ... Dental Office Petco Grooming Pet Grooming Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Dimassi’s Mediterranean Buffet — 4940 State Hwy 121, Plano, TX 75024
    • Basera Indian Cuisine — 8232 Preston Rd #125, Plano, TX 75024

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.804312
    Latitude
    33.094816

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    FAQs

    What type of property is this?
    Conventional restaurant - Ready-to-open restaurant with included FF&E in a busy retail center with strong highway visibility.
    Where is this conventional restaurant located?
    The property is located at 8700 Preston Road Plano, TX.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Fully equipped restaurant asset sale in Preston Village Shopping Center at Hwy 121 & Preston Rd, Plano; Includes all FF&E (furniture, fixtures, and equipment) for immediate operation or rebranding; 70‑seat capacity with high ceilings and a restaurant layout designed for dining service
    (972) 256-8883
    We can help!
    Listing Contact
    Melissa Chance
    Real Estate License ID: 0681636
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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.

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