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Property profile & analytics
FOR LEASE
Office buildings
1400 Preston Rd Plano, TX 75093
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0897839
For Lease
$1,050/Mo
1400 Preston Rd, Plano, TX 75093
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
76,960 SF
Lot
5.05 ac (219,891 SF)
Zoning code
O-M
APN
R-1818-001-0010-1
UPID
US82-0897839
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Legal Evidence Corp IT Consulting Firm Tech Support Center
-
Nikola Valenti (Bike/Boat/Book/etc) Store
-
ValueLabs, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Smart Software (Bike/Boat/Book/etc) Store Corporate Office
-
David A. Grattafiori, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.46M
Owner & transaction history
1400 Preston Rd LLC · 2 yrs held
1400 Preston Rd LLC
since 2024
7 recorded transactions
Zoning & alternative use
O-M · Plano, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Plano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plano submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$19 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$206,715
Tax year 2022
Assessed value
$11,024,200
Assessed 2023
Previous assessed
$11,024,200
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$3,848,319
Assessed improvement
$7,175,881
Land market value
$3,848,319
Improvement market value
$7,175,881
Total market value
$11,024,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Heating
NONE
Stories
1
Total area
76,960 SF
Lot
5.05 ac (219,891 SF)
Zoning code
O-M
APN
R-1818-001-0010-1
UPID
US82-0897839
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
O-M · Plano, TXZoning O-M · permitted uses
O-M · Plano, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Lot
5.05 ac
Current owner
From public records · entity-resolved
1400 Preston Rd LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4301 WESTSIDE DR STE #100, DALLAS, TX 75209-6570
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
1400 Preston Rd LLC
Intercity Investment Properties INC
Warranty Deed
—
Apr 23, 2024
—
Rupen Vithalani
—
Deed
related
—
Jan 10, 2024
—
Safiullah Inam Rasool
Megatel Homes LLC
Correction Deed
related
—
Aug 9, 2023
—
Kyle Dewayne Clark
—
Deed
related
—
Jul 14, 2023
—
Nitin Gupta
—
Deed
related
—
Jun 23, 2023
—
Bharathi Mani
Megatel Gables Th LLC
Correction Deed
related
—
Apr 27, 2023
—
Omar Sheikh Riaz
Megatel Gables Th LLC
Correction Deed
related
—
Jul 7, 2021
—
Gregory S Bryan
Barbara K Bryan
Correction Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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