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    1601 Capital Ave Plano, TX 75074

    For Sale
    $5,100,000

    20,000 SF Flex Space - $5.1M

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 20,000-square-foot flex building, located at 1601 Capital Ave in Plano, Texas, presents a unique investment opportunity. Situated on a 1.09-acre lot in Collin County, this Class B property boasts a prime location with easy access to major transportation routes. Originally constructed in 1984 and extensively renovated in 2024, the building offers a modern and functional space ideal for a variety of uses, including flex, R&D, and warehouse operations. The property features a desirable open floor plan, perfect for customization to suit specific business needs. The building's electrical infrastructure is robust, with 200-400 amp/240V, Phase 3 power available. The zoning is designated as Light Industrial, providing flexibility for a range of permitted activities. The two-story building is comprised of a single structure, offering efficient space utilization. This turnkey property is offered at $5,100,000 and is ready for immediate occupancy. The property's recent renovation ensures modern amenities and systems, minimizing upfront capital expenditures for the new owner. This is an excellent opportunity to acquire a well-maintained, strategically located industrial property in a thriving Texas market.

    Property Features for 1601 Capital Ave

    General Information

    Property type
    Life science properties
    Square Feet
    20,000 SF
    Class
    B
    Lot Size
    47,480 SF

    Building Details

    Year Built/Renovated
    1984/2024
    Buildings
    1
    Stories
    2

    HighLights

    • $5,100,000 asking price for this Plano, Texas industrial property.
    • 20,000 square foot flex/R&D/warehouse building.
    • Class B building, built in 1984, renovated in 2024.
    • One, two‑story building on a 1.09‑acre lot in Collin County.
    • Light Industrial zoning.
    • For sale by owner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Plano Preowned Auto ... Used Car Dealer Down Shift RPMS Auto Accessories Wholesaler Archer Recycling Recycling Center Inteknology Recycling Center Autos OF Plano Used Car Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.69018280598
    Latitude
    33.011103358351

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    FAQs

    What type of property is this?
    Life science property - 20,000 SF Flex Space - $5.1M
    Where is this life science property located?
    The property is located at 1601 Capital Ave Plano, TX.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: $5,100,000 asking price for this Plano, Texas industrial property.; 20,000 square foot flex/R&D/warehouse building.; Class B building, built in 1984, renovated in 2024.
    Request Owner's contact information
    1601 Capital Ave Plano, TX 75074
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    Plano, TX 75074
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    Realmo Value Estimation

    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.

    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.

    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
    1601 Capital Ave Plano, TX 75074
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