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    1309 15th St Plano, TX 75075-7244
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    Property profile & analytics

    1309 15th St Plano, TX 75075-7244

    View on Map
    • Office buildings
    • 56,668 SF
    • 2.13 lot acres
    Off-Market
    Last Sale May 29, 2024
    Property ID
    US82-1962123
    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.
    Value Estimations
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FinishLine Tax Solutions LLC / Accounting Firm / Tax Preparation
    • Lana M. Bagley, MA / Counselor
    • Team Select Home Care / Home Health Care Service
    • Thoughtful Therapy / Counselor
    • The Mustard Seed Ministry / Corporate Office

    Property Details for 1309 15th St

    Year built
    1980
    Lot size
    2.13 lot acres
    Property size
    56,668 SF
    Zone code
    O-M
    Property type
    Office buildings
    APN
    R-0423-001-0020-1
    APU
    R042300100201

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,838,000
      Market price range: $1.22M - $3.58M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,605,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7194
    Latitude
    33.02
    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
    $85,538
    $836,379
    $4,180,786
    $5,017,165
    -
    $836,379
    $4,180,786
    $5,017,165

    Comparable in this City

    • Value Estimation
      $1,730,000
      30,328 SF

      38003804 15th St

      OFFICE BUILDING • 30,328 SF
      38003804 15th St, Plano, TX 75075
      View Details
    • Value Estimation
      $2,330,000
      74,125 SF

      34603480 Lotus Dr

      OFFICE BUILDING • 74,125 SF
      34603480 Lotus Dr, Plano, TX 75075
      View Details
    • Value Estimation
      $3,555,000
      107,660 SF

      3701 Plano Pkwy

      OFFICE BUILDING • 107,660 SF
      3701 Plano Pkwy, Plano, TX 75075-7833
      View Details
    • Value Estimation
      $9,335,000
      159,977 SF

      2301 Plano Pkwy

      OFFICE BUILDING • 159,977 SF
      2301 Plano Pkwy, Plano, TX 75075-8421
      View Details
    • Value Estimation
      $9,220,000
      157,957 SF

      2201 Plano Pkwy

      OFFICE BUILDING • 157,957 SF
      2201 Plano Pkwy, Plano, TX 75075-8415
      View Details
    • Value Estimation
      $6,285,000
      118,530 SF

      1600 Coit Rd

      OFFICE BUILDING • 118,530 SF
      1600 Coit Rd, Plano, TX 75075-6174
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,505 SF

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      Prime Plano Office Building

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    • $299,000
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      Kemp, TX Adaptive Reuse Opportunity

      4,125 SF building on 1 acre, formerly a church.
      1215 W Cedar Creek Pkwy, Kemp, TX 75075
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    • Contact for pricing
      13,013 SF

      Retail Property with Drive-Thru

      Former CVS location with ample parking and drive-thru.
      525 W Parker Rd, Plano, TX 75075
      View Details
    • Contact for pricing
      6,400 SF

      Established Car Sales/Service Facility

      Car sales and service facility with automotive zoning in place.
      3101 Premier Dr, Plano, TX 75075
      View Details
    • $3,300,000
      2.86 Acres

      Plano Commercial Land - 2.86 Acres

      Prime Plano location, high visibility, development potential.
      0000 Mapleshade Ln, Plano, TX 75075
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      29,300 SF

      Plano Office Space Available

      Office space available for lease in Plano, Texas.
      2301 W Plano Pkwy, Plano, TX 75075
      View Details
    • Contact for pricing
      4,926 SF

      Plano Office Building For Rent

      72,402 RSF office building with efficient open floor plan.
      3460-3480 Lotus Dr, Plano, TX 75075
      View Details
    • $16 SF/Yr
      29,300 SF

      Class A Office Space Available

      Three-story office building with updated amenities and superior accessibility.
      2301 Plano Pkwy, Plano, TX 75075
      View Details
    • Contact for pricing

      Plano Office and Flex Space

      High-quality office and flex space in Plano, Texas.
      2701 W Plano Pkwy, Plano, TX 75075
      View Details
    • Contact for pricing
      938 SF

      Medical City Plano Office Space

      Office/medical building for lease in Medical City Plano.
      1600 Coit Rd, Plano, TX 75075
      View Details
    • Contact for pricing

      Commercial Space For Rent

      Commercial space available for rent at 3420 Parker Rd.
      3420 Parker Rd, Plano, TX 75075
      View Details
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    1309 15th St
    Plano, TX 75075-7244
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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.

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