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    1209 Ave Plano, TX 75074

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    Collin County: Flexible Office & Showroom Space

    Lot size:
    47,179 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    410
    This exceptional Collin County property at 1209 Avenue N offers a diverse range of office and industrial spaces for lease, ideal for businesses seeking flexible solutions. The building totals 47,179 square feet, with multiple tenancy options available. Currently, there is 5,120 square feet of vacant space, divisible into units as small as 960 square feet, and offering contiguous spaces up to a substantial 35,958 square feet. The property boasts a desirable campus-like setting with year-round landscaping, providing a professional and attractive environment for employees and clients. Building features include approximately 14-foot clear height ceilings, recessed entrances, floor-to-ceiling tinted glass, and custom-designed interiors allowing for prominent tenant identification. Practical amenities such as concrete parking, rear loading capabilities, and multiple fiber providers are also included. The building is equipped with a sprinkler system and benefits from professional property management and energy-efficient LED exterior lighting. Its convenient location offers easy access to US-75 and George Bush Turnpike 190, ensuring excellent connectivity for your business. This property presents a unique opportunity to secure high-quality space in a prime Collin County location.

    Property Features for 1209 Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    47,179 SF

    Unit(s) available at that property

    Space
    Suite #13
    Size
    4,100 SF
    Space
    Suite #2
    Size
    1,020 SF

    We can help!

    Listing Contact
    Mark Aston
    Mark Aston

    Learn more

    HighLights

    • 47,179 SF Office/Industrial building in Collin County with multiple tenants.
    • 960 SF to 35,958 SF of contiguous space available.
    • Convenient location, minutes from US‑75 and George Bush Turnpike (190).
    • Features include 14' clear height, recessed entrances, floor‑to‑ceiling tinted glass, and custom interiors.
    • Building offers prominent tenant identification, concrete parking, rear loading, and a campus‑like setting with year‑round landscaping.
    • Amenities include multiple fiber providers, sprinkler system, professional property management, and LED exterior lighting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Showrooms

    Map

    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.6956432
    Latitude
    33.015745

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    FAQs

    What type of property is this?
    Individual retail property - Collin County: Flexible Office & Showroom Space
    Where is this individual retail property located?
    The property is located at 1209 Ave Plano, TX.
    What are key features of this property?
    This property features: 47,179 SF Office/Industrial building in Collin County with multiple tenants.; 960 SF to 35,958 SF of contiguous space available.; Convenient location, minutes from US-75 and George Bush Turnpike (190).
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    1209 Ave Plano, TX 75074
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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
    1209 Ave Plano, TX 75074
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    We can help!
    Listing Contact
    Mark Aston
    Mark Aston
    Real Estate License ID: TX
    Learn more
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