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    Property profile & analytics

    1512 Central Expy Plano, TX 75074

    • Office buildings
    • 3,631 SF
    • 0.23 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US82-3709645
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Humane Animal Medical & Surgical Hospital / Kennel / Veterinarian

    Property Details for 1512 Central Expy

    Year built
    1957
    Lot size
    0.23 lot acres
    Property size
    3,631 SF
    Zone code
    LC
    Property type
    Office buildings
    APN
    R-0220-00B-005A-1
    APU
    R022000B005A1

    Description

    This exceptional 3,631 square foot medical office building is ideally situated at 1512 N Central Expy in Plano, Texas, within Collin County (zip code 75074). The property sits on a 10,176 square foot lot and is zoned for Highway Commercial use, making it perfectly suited for a variety of medical practices. Its location offers excellent visibility and accessibility, benefiting from its proximity to major thoroughfares. The building is part of a larger, exciting redevelopment project transforming the Collin Creek Mall into a vibrant mixed-use development, encompassing retail, dining, entertainment, a four-star hotel, and ample open space. This revitalization initiative aims to create a thriving community hub where people can live, work, and play, significantly enhancing the area's appeal and value. The planned development includes 340,000 square feet of retail and dining space, further boosting the property's potential for growth and attracting a diverse clientele. This strategic location within the Central Expressway corridor connects East and West Plano, ensuring high traffic volume and convenient access for patients and staff. This presents a unique investment opportunity in a rapidly growing area with significant future development potential. The property's Highway Commercial zoning provides flexibility for various medical uses, making it an attractive option for both established practices and new ventures.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $520,000
      6.5%
      $525,000
      7%
      $540,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $500,000
      Geo Method
      $570,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $475,000
      Mixed-Use
      $500,000
      Hospitality
      $390,000
      Educational
      $545,000
      Residential Income
      $400,000
      Energy
      $530,000
      Income-Based Land
      $520,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7088
    Latitude
    33.0206
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,199
    $305,280
    $387,820
    $693,100
    -
    $305,280
    $387,820
    $693,100

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      Office Space Available For Rent

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    1512 Central Expy
    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
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