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    Preston Rd And Spg Crk Pkwy Plano, TX 75024

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    For Lease
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    Prime Collin County Retail Opportunity

    Lot size:
    4,570 SF

    Property Features for 0 Preston Rd And Spg Crk Pkwy

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,570 SF

    Spaces For Lease

    at 0 Preston Rd And Spg Crk Pkwy, Plano, TX 75024 Contact us

    We can help!

    Listing Contact
    Caroline Lett
    Caroline Lett

    Listing Agency: The Retail Connection Dallas Listing Agent: Caroline Lett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 4,570-square-foot freestanding retail building presents a unique investment opportunity in the thriving Collin County market. Located on Preston Road, this single-tenant property boasts a highly desirable drive-thru feature, perfect for a variety of quick-service businesses. The entire space is currently vacant, offering a blank canvas for a new tenant to customize and establish their brand. The building's prominent location ensures high visibility and accessibility, attracting significant foot and vehicle traffic. The property's size is ideal for businesses requiring ample space for operations and customer service. Its single-tenant occupancy simplifies management and provides a straightforward lease structure. This is a rare opportunity to secure a well-positioned retail space in a rapidly growing area with strong demographics and high consumer spending. The property's drive-thru capability is a significant advantage in today's fast-paced market, offering convenience and efficiency for customers. The building's design and layout are adaptable to various retail concepts, making it an attractive option for a wide range of businesses. This property is zoned for commercial use and is ready for immediate occupancy. Serious inquiries are encouraged to explore this exceptional retail investment opportunity in Collin County. The property's location on Preston Road offers excellent exposure and accessibility, making it an ideal location for a thriving business. The vacant status allows for complete customization to suit the needs of the new tenant. Don't miss this chance to secure a prime retail space in a high-demand area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7951992
    Latitude
    33.0566374

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    FAQs

    What type of property is this?
    Retail property - Prime Collin County Retail Opportunity
    Where is this retail property located?
    The property is located at Preston Rd And Spg Crk Pkwy Plano, TX.
    What are key features of this property?
    This property features: 4,570 SF freestanding retail building in Collin County.; Single-tenant occupancy.; 100% vacant, ready for immediate lease.
    (214) 276-5272 Call to check price and availability
    Request Owner's contact information
    Preston Rd And Spg Crk Pkwy Plano, TX 75024
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    Plano, TX 75024
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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
    Preston Rd And Spg Crk Pkwy Plano, TX 75024
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    Contact for Pricing
    Please call us for current price
    and status of this listing Caroline Lett
    Caroline Lett
    (214) 276-5272 (214) 572-0777
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