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    The Largest CRE Database in the US with Over 1 Million Listings

    101 Park Blvd Plano, TX 75074

    Sponsored
    For Lease
    $22 SF/Yr

    Class A Office Suites in Plano, TX

    Lot size:
    225,445 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This thirteen-story, Class A office building, totaling 225,445 square feet, offers a variety of traditional, executive, and creative office spaces. Built in 1983 and renovated in 2004, the Plano Tower boasts an upgraded lobby with polished granite floors. Suites range from 765 square feet to a maximum contiguous space of 8,824 square feet, with 65,303 square feet currently vacant. The building features ample surface parking (3.44 spaces per 1,000 square feet), elevator service, and on-site property management. Located at 101 E Park Blvd, Plano, TX 75074, this prime location provides easy access to major thoroughfares like US Highway 75 and the George Bush Turnpike, as well as numerous restaurants, retail options, and hotels. Enjoy the convenience of an on-site restaurant and a professional atmosphere in the heart of Plano. The building offers multiple tenancy options.

    Property Features for 101 Park Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    225,445 SF
    Class
    A
    Total Rate
    416321.77

    Building Details

    Year Built/Renovated
    1983/2004
    Stories
    13

    Unit(s) available at that property

    Space
    Suite 1150
    Size
    4,473 SF
    Rate per SF
    $24
    Space
    Suite 905
    Size
    2,616 SF
    Rate per SF
    $24
    Space
    Suite 915
    Size
    2,048 SF
    Rate per SF
    $25
    Space
    Suite 203
    Size
    1,495 SF
    Rate per SF
    $25
    Space
    Suite 210
    Size
    1,940 SF
    Rate per SF
    $24
    Space
    Suite 817
    Size
    1,499 SF
    Rate per SF
    $25
    Space
    Suite 105
    Size
    1,432 SF
    Rate per SF
    $30
    Space
    Suite 150 Basement
    Size
    2,719 SF
    Rate per SF
    $23
    Space
    Suite 1301
    Size
    270 SF
    Rate per SF
    $23
    Space
    Suite 1340
    Size
    442 SF
    Rate per SF
    $23
    Space
    Suite 732
    Size
    1,176 SF
    Rate per SF
    $22
    Space
    Suite 121
    Size
    2,675 SF
    Rate per SF
    $22
    Space
    Suite 440
    Size
    1,682 SF
    Rate per SF
    $22
    Space
    Suite 1250
    Size
    6,544 SF
    Rate per SF
    $22

    We can help!

    Listing Contact
    Adam Toth
    Adam Toth

    Learn more

    Property Insight Report

    HighLights

    • 13‑story, 225,445 SF Class A office building with suites ranging from 765 SF to 8,824 SF contiguous.
    • Ample surface parking (3.44 spaces per 1,000 SF).
    • On‑site leasing, management, and maintenance.
    • Building amenities include a training room, conference room, café/deli, loading dock, mailroom, and on‑site convenience store.
    • 24‑hour programmable access, filtered water, and a coffee bar.
    • Monument signage, covered and uncovered parking, and secured gated parking options.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Endodontic & Periodontic Specialists ... Dentist TechForce Staffing, Inc. Human Resource Consulting Logan, Landrum & Greenwood, ... Attorney Marx, Altman & Johnson Law Firm myDentalWebsite Website Designer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -96.705957347929
    Latitude
    33.030132634918

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    FAQs

    What type of property is this?
    Office space - Class A Office Suites in Plano, TX
    Where is this office space located?
    The property is located at 101 Park Blvd Plano, TX.
    What is the lease rate?
    The lease rate is $22-$30 SF/Yr.
    What are key features of this property?
    This property features: 13-story, 225,445 SF Class A office building with suites ranging from 765 SF to 8,824 SF contiguous.; Ample surface parking (3.44 spaces per 1,000 SF).; On-site leasing, management, and maintenance.
    Request Owner's contact information
    101 Park Blvd Plano, TX 75074
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    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
    101 Park Blvd Plano, TX 75074
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    We can help!
    Listing Contact
    Adam Toth
    Adam Toth
    Real Estate License ID: TX
    Learn more
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