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    1001 Preston Rd Plano, TX 75093

    For Sale
    $13,500,000

    High-traffic location, 62,519 SF, 5.16% Cap Rate

    Property size:
    62,519 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a 62,519-square-foot auto shop situated on a 5.75-acre lot in Plano, Texas. Located at the hard corner of Preston Road and President George Bush Turnpike, this property boasts unparalleled visibility and accessibility within the thriving DFW Metroplex. The property, recently renovated in 2021 and 2023, comprises six buildings and benefits from a high daily traffic count exceeding 272,336 vehicles. Its strategic location within a densely populated area, with over 119,517 residents within a 3-mile radius and 361,098 within 5 miles, ensures strong demand and high occupancy rates. Average household incomes within these radii are exceptionally high, at $132,177 and $119,158 respectively. The property offers a Net Operating Income (NOI) of $696,000, resulting in an attractive 5.16% capitalization rate. This NNN-leased property is offered at $13,500,000, presenting a rare infill opportunity in a prime location with significant growth potential. The property's size, location, and recent renovations make it an ideal investment for discerning buyers seeking a high-return asset in a dynamic market. The property's strong financial performance and prime location make it a compelling investment opportunity.

    Property Features for 1001 Preston Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    62,519 SF
    Lot Size
    250,470 SF

    Building Details

    Year Renovated
    2021

    HighLights

    • 62,519 SF auto shop on a 5.75‑acre lot in Plano, TX.
    • High‑visibility corner location at Preston Road & President George Bush Turnpike in the DFW Metroplex.
    • Recently renovated (2021 & 2023), six buildings, daily traffic count exceeding 272,336 vehicles.
    • Strong demographics: over 119,517 residents within 3 miles, average household income $132,177.
    • $13,500,000 asking price, $696,000 NOI, 5.16% cap rate; NNN lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Texas Collision Centers Auto Body Shop CarLotz - Dallas (Plano) Used Car Dealer Sexton LLC Heating Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -96.7964202
    Latitude
    33.0140641

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    FAQs

    What type of property is this?
    Automotive property - High-traffic location, 62,519 SF, 5.16% Cap Rate
    Where is this automotive property located?
    The property is located at 1001 Preston Rd Plano, TX.
    What is the asking price?
    The asking price for this property is $13,500,000.
    What are key features of this property?
    This property features: 62,519 SF auto shop on a 5.75-acre lot in Plano, TX.; High-visibility corner location at Preston Road & President George Bush Turnpike in the DFW Metroplex.; Recently renovated (2021 & 2023), six buildings, daily traffic count exceeding 272,336 vehicles.
    (214) 766-9101
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    1001 Preston Rd Plano, TX 75093
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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
    1001 Preston Rd Plano, TX 75093
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