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

    1255 West Exchange Pkwy Allen, TX 75002

    • Commercial real estate
    • 14,086 SF
    • 1.63 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0023238
    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

    • Fresh Donuts / Bakery / Discount Store
    • Kimmy Trang Kirscht / Physician
    • TAYLOR ELIZABETH ORSZEWSKI / Physician
    • Smoothie King / Specialty Food Shop / (Bike/Boat/Book/etc) Store
    • Results Physiotherapy Allen, Texas / Medical Clinic

    Property Details for 1255 West Exchange Pkwy

    Year built
    2019
    Lot size
    1.63 lot acres
    Property size
    14,086 SF
    Property type
    Commercial real estate
    APN
    R-11642-00A-0010-1
    APU
    R1164200A00101

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,053,000
      Market price range: $617k - $2.05M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.6957
    Latitude
    33.1148
    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
    2023
    $101,650
    $1,138,833
    $4,657,551
    $5,796,384
    -
    $1,138,833
    $4,657,551
    $5,796,384

    Comparable in this City

    • Value Estimation
      $935,000
      6,365 SF

      969 State Hwy 121

      COMMERCIAL (GENERAL) • 6,365 SF
      969 State Hwy 121, Allen, TX 75013
      View Details
    • Value Estimation
      $1,890,000
      62,139 SF

      920 Stockton Dr

      COMMERCIAL (GENERAL) • 62,139 SF
      920 Stockton Dr, Allen, TX 75013-6144
      View Details
    • Value Estimation by Request
      800 SF

      2137 Chelsea Rdf2

      COMMERCIAL CONDOMINUIM • 800 SF
      2137 Chelsea Rdf2, Allen, TX 75013-5594
      View Details
    • Value Estimation
      $1,320,000
      9,847 SF

      950 Stockton Dr

      COMMERCIAL (GENERAL) • 9,847 SF
      950 Stockton Dr, Allen, TX 75013-6100
      View Details
    • Value Estimation
      $1,955,000
      14,885 SF

      1020 Watters Rd

      COMMERCIAL (GENERAL) • 14,885 SF
      1020 Watters Rd, Allen, TX 75013-5422
      View Details
    • Value Estimation
      $540,000
      3,714 SF

      792 Watters Rd

      COMMERCIAL (GENERAL) • 3,714 SF
      792 Watters Rd, Allen, TX 75013-4998
      View Details

    Similar Nearby for Sale

    • $1,500,000
      1,404 SF

      Historic Downtown Allen Building

      Prime Allen location, high potential.
      112 Main St, Allen, TX 75013
      View Details
    • $549,999
      1,000 SF

      Luxury Garage Condo with Upgrades

      Upgraded 1,000 SF garage condo with loft, gym, and sauna.
      2137 Chelsea Rd, Allen, TX 75013
      View Details
    • $434,000
      1,381 SF

      Allen Office Space: Prime Location

      Brand new, 1381 sq ft office, vacant.
      1511 Mcdermott Dr, Allen, TX 75013
      View Details
    • Contact for pricing
      3,350 SF

      Allen Office Building Near Amenities

      Vacant office building in amenity-rich Allen, Texas location.
      610 S Watters Rd, Allen, TX 75013
      View Details
    • Contact for pricing

      Commercial Land Ready for Development

      Located at Ridgeview Dr. & N Watters Rd., Allen, TX
      N Watters Rd, Allen, TX 75013
      View Details
    • $1,671,650
      1.05 Acres

      Allen, TX Retail Opportunity

      Retail property available for sale in Allen, Texas.
      610 S Watters Rd, Allen, TX 75013
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Second Generation Restaurant Space

      Restaurant space with high visibility and steady traffic.
      401 Central Expy S, Allen, TX 75013
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 3,729 to 4,144 SqFt.
      503 W Mcdermott Dr, Allen, TX 75013
      View Details
    • Contact for pricing

      Upgraded Office Space Available

      Office space with upgrades, ideal for medical or office use.
      515 W Main St, Allen, TX 75013
      View Details
    • Contact for pricing
      1,486 SF

      Retail Space on Highway 121

      Highly visible retail suite with office finish-out and prominent signage.
      955 State Hwy 121, Allen, TX 75013
      View Details
    • Contact for pricing
      5,895 SF

      Class A Office Space Available

      Premium office space with modern amenities and convenient location.
      950 W Bethany Dr, Allen, TX 75013
      View Details
    • Contact for pricing
      787 SF

      Mixed-Use Development in Allen, Texas

      Resort-style mixed-use development with retail, dining, office, and residential spaces.
      911-939 Garden Park Dr, Allen, TX 75013
      View Details

    Property Visit Statistics

    • Visits by month
      5.6k
    • Visitors by month
      3.2k
    • Avg Time on site
      8 min
    Request Owner's contact information
    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.
    1255 West Exchange Pkwy
    Allen, TX 75002
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!