1001 Preston Rd Plano, TX 75093
Property profile & analytics
1001 Preston Rd Plano, TX 75093
- Commercial real estate
- 52,536 SF
- 5.75 lot acres
Property ID
US82-4546865
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.
Location Intelligence
Current Use by Public Records
- Texas Collision Centers / Auto Repair Shop
- CarLotz - Dallas (Plano) / Car Dealership
- Sexton LLC / Big Box & Wholesale Store / Building Supply
Property Details for 1001 Preston Rd
- Year built
- 2007
- Lot size
- 5.75 lot acres
- Property size
- 52,536 SF
- Zone code
- LC
- Property type
- Commercial real estate
- APN
- R-2547-001-0010-1
- APU
- R254700100101
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,815,000
- 6.5%
- $4,445,000
- 7%
- $4,125,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,769,000
Market price range: $2.43M - $7.49M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Plano
- County
- Collin
- State
- Texas
- Longitude
- -96.7966
- Latitude
- 33.0139
- 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
$147,868
$4,953,489
$3,628,200
$8,581,689
-
$4,953,489
$3,628,200
$8,581,689
