Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1001 Preston Rd Plano, TX 75093

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

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

    Property size:
    62,519 SF

    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

    We can help!

    Listing Contact
    Larry Robbins
    Larry Robbins

    Listing Agency: Capstone Commercial Real Estate Group LLC Listing Agent: Larry Robbins

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

    Learn more

    Property Insight Report

    Overview

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Texas Collision Centers Auto Repair Shop CarLotz - Dallas (Plano) Car Dealership Sexton LLC Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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

    Nearby Similar for Sale

    • $650,000
      1,650 SF

      Furnished Office Condo in Plano

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

      Refurbished Office Condo in Plano

      Prime Plano office space, recently refurbished, ready for occupancy.
      5805 Coit Rd, Plano, TX 75093
      View Details
    • $130,000
      1,425 SF

      Established Filipino Restaurant in Plano

      Well-established Filipino restaurant in Plano, Texas with strong following.
      909 Spring Creek Pkwy, Plano, TX 75023
      View Details
    • $155,000
      25.06 Acres

      Restaurant in Preston Village Shopping

      Fully equipped restaurant in a high-traffic Plano location.
      8700 Preston Rd, Plano, TX 75024
      View Details
    • $475,000
      0.19 Acres

      Renovated Duplex in Prime Plano

      Turnkey duplex with renovated units, ideal for owner-occupants or investors.
      1725 R Ave, Plano, TX 75074
      View Details
    • $475,000
      0.19 Acres

      Renovated Duplex in Prime Plano

      Turnkey duplex with renovated units, ideal for owner-occupants or investors.
      1721 R Ave, Plano, TX 75074
      View Details
    • $475,000
      0.19 Acres

      Renovated Duplex in Prime Plano

      Turnkey duplex with renovated units, ideal for owner-occupants or investors.
      1729 R Ave, Plano, TX 75074
      View Details
    • $5,920,000
      1.34 Acres

      West Plano Freestanding Office Building

      Two-story office building in prime West Plano location.
      5808 W Plano Pkwy, Plano, TX 75093
      View Details
    • $1,450,000
      0.92 Acres

      Plano Childcare Building For Sale

      Fully furnished childcare building in Plano, ready for immediate occupancy.
      3929 Alma Dr, Plano, TX 75023
      View Details
    • $2,300,000
      0.66 Acres

      Office Building in Plano, TX

      Spacious office building suitable for title, law, or real estate.
      5212 Vlg Crk Dr Dr, Plano, TX 75093
      View Details
    • $1,100,000
      0.30 Acres

      Modern Office Asset in Plano

      Contemporary office building in Plano, TX, designed for efficiency.
      1805 K Ave, Plano, TX 75074
      View Details
    • $700,000
      0.39 Acres

      Freestanding Office Building in Plano

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

    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 Call to check price and availability
    Request Owner's contact information
    1001 Preston Rd Plano, TX 75093
    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.
    1001 Preston Rd
    Plano, TX 75093
    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
    1001 Preston Rd Plano, TX 75093
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Larry Robbins
    Larry Robbins
    (214) 766-9101 (972) 250-5800 (972) 250-5810
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!