Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    8700 Preston Road #104 Plano, TX 75024

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $145,000

    Fully equipped restaurant in a high-traffic Plano location.

    Type:Commercial
    Property size:
    2,266 SF
    Price / SF:
    $63/SF
    Added:
    Apr 22, 2026
    Days on Market:
    15
    Last Refresh:
    Apr 22 at 5:31 pm

    Property Features for 8700 Preston Road #104

    General Information

    Standard status
    Active
    Size
    2,266 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    Melissa Chance

    Listing agent Melissa Chance

    Listing office Chance Real Estate Group LLC

    Listing date Apr 22, 2026

    Source Signaturere

    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 Chance Real Estate Group LLC

    HighLights

    • Fully equipped restaurant ready for immediate operation or rebranding.
    • Located in the busy Preston Village Shopping Center at Hwy 121 & Preston Rd, Plano.
    • High traffic location with over 114,000 VPD on Hwy 121 and 58,000 VPD on Preston Rd.
    • Asset sale includes all FF&E (furniture, fixtures, and equipment).
    • 70‑seat capacity.
    • Open shared parking within a thriving retail environment.

    Overview

    Restaurant in Preston Village Shopping

    This fully equipped restaurant is located in the Preston Village Shopping Center at the intersection of Highway 121 and Preston Road in Plano. The property is available for sale as an asset, including all furniture, fixtures, and equipment, making it ready for immediate operation or rebranding. The restaurant has a seating capacity of 70. The space features high ceilings and benefits from open shared parking within the retail environment. The location offers visibility, with over 114,000 vehicles per day on Highway 121 and 58,000 vehicles per day on Preston Road. The property is situated close to IKEA Frisco and Stonebriar Centre, as well as other major anchor stores. The restaurant space measures 2266 square feet. This presents an opportunity for an owner-operator or investor looking for a ready-to-open restaurant in a dynamic area of Plano.
    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
    -96.805349
    Latitude
    33.095913

    Nearby Similar for Sale

    • $595,000

      Prime Office and Medical Space

      Turnkey, income-producing asset in a strong Plano submarket.
      5805 Coit Road, Plano, TX 75093
      View Details
    • $650,000
      1,650 SF

      Furnished Office Condo in Plano

      Move-in ready office condo in a prime Plano location.
      4686 Mcdermott Road, Plano, TX 75024
      View Details
    • $525,000

      Refurbished Office Condo in Plano

      Prime Plano office space, recently refurbished, ready for occupancy.
      5805 Coit Road, Plano, TX 75093
      View Details
    • $999,999
      3,856 SF

      Updated Home with Backyard Oasis

      Updated home in West Plano with pool and flexible floorplan.
      5909 Fossil Ridge Drive, Plano, TX 75093
      View Details
    • $145,000

      Restaurant in Preston Village Shopping

      Fully equipped restaurant in a high-traffic Plano location.
      8700 Preston Road, Plano, TX 75024
      View Details
    • $110,000
      1,425 SF

      Established Filipino Restaurant in Plano

      Well-established Filipino restaurant in Plano, Texas with strong following.
      909 Spring Creek Parkway, Plano, TX 75023
      View Details
    • $1,900,000

      Unique Renovated Office in Plano

      Exceptional 5,326 sq ft office property in downtown Plano.
      910 18th Street, Plano, TX 75074
      View Details
    • $549,900

      Plano Duplex: Investment Opportunity

      Fully occupied Plano duplex with income and future flexibility.
      1804 Bristol Cove, Plano, TX 75074
      View Details
    • $1,450,000

      Plano Childcare Building For Sale

      Fully furnished childcare building in Plano, ready for immediate occupancy.
      3929 Alma Drive, Plano, TX 75023
      View Details
    • $465,000

      Renovated Duplex in Prime Plano

      Turnkey duplex with renovated units, ideal for owner-occupants or investors.
      1729 R Avenue, Plano, TX 75074
      View Details
    • $465,000

      Renovated Duplex in Prime Plano

      Turnkey duplex with renovated units, ideal for owner-occupants or investors.
      1721 R Avenue, Plano, TX 75074
      View Details
    • $700,000

      Freestanding Office Building in Plano

      Well-maintained office building in Plano, ideal for various uses.
      1225 19th Street, Plano, TX 75074
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Fully equipped restaurant in a high-traffic Plano location.
    Where is this conventional restaurant located?
    The property is located at 8700 Preston Road #104 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 ready for immediate operation or rebranding.; Located in the busy Preston Village Shopping Center at Hwy 121 & Preston Rd, Plano.; High traffic location with over 114,000 VPD on Hwy 121 and 58,000 VPD on Preston Rd.
    We can help!
    Listing Contact
    Melissa Chance
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8700 Preston Road #104, Plano, TX 75024
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!