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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1524 Independence Pkwy Plano, TX 75075-6406

    • Office buildings
    • 12,654 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    9.7%
    Office buildings
    Location Intelligence
    Property ID
    US82-4759342
    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

    • ADD ADHD Treatment Center / Family Practice Physician / Medical Clinic
    • Dr. John Chuang / Family Practice Physician
    • Clinical Investigations of Texas / Medical Clinic / Diagnostic Center
    • Calvin Wilson - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • Syed Ovais Mohiuddin / Pediatrician

    Property Details for 1524 Independence Pkwy

    Year built
    1973
    Lot size
    1.06 lot acres
    Property size
    12,654 SF
    Zone code
    R
    Property type
    Office buildings
    APN
    R-0358-001-0010-1
    APU
    R035800100101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $745,000
      6.5%
      $690,000
      7%
      $640,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $580,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7492
    Latitude
    33.0207
    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
    $12,387
    $555,600
    $100,839
    $656,439
    -
    $555,600
    $100,839
    $656,439

    Comparable in this City

    • Value Estimation
      $700,000
      108,210 SF

      1801 Alma Dr

      OFFICE BUILDING • 108,210 SF
      1801 Alma Dr, Plano, TX 75075-6993
      View Details
    • Value Estimation
      $600,000
      69,421 SF

      3820 American Dr

      OFFICE BUILDING • 69,421 SF
      3820 American Dr, Plano, TX 75075-6101
      View Details
    • Value Estimation
      $760,000
      23,645 SF

      1700 Coit Rd

      OFFICE BUILDING • 23,645 SF
      1700 Coit Rd, Plano, TX 75075-6185
      View Details
    • Value Estimation
      $865,000
      19,150 SF

      1220 Coit Rd

      OFFICE BUILDING • 19,150 SF
      1220 Coit Rd, Plano, TX 75075-7757
      View Details
    • Value Estimation
      $1,025,000
      260,608 SF

      465 Independence Pkwy

      OFFICE BUILDING • 260,608 SF
      465 Independence Pkwy, Plano, TX 75075-8000
      View Details
    • Value Estimation
      $980,000
      28,300 SF

      2828 Parker Rd

      OFFICE BUILDING • 28,300 SF
      2828 Parker Rd, Plano, TX 75075-9153
      View Details

    Similar Nearby for Sale

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      High-demand Plano office, 100% occupied.
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      Centrally located condo with large bedrooms and balcony access.
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      6,400 SF

      Established Car Sales/Service Facility

      Car sales and service facility with automotive zoning in place.
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      Land Near Beacon Square Development

      Commercial land with frontage on President George Bush Tollway.
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    Similar Nearby for Lease

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      4,926 SF

      Plano Office Building For Rent

      72,402 RSF office building with efficient open floor plan.
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      Plano Office Space For Rent

      Highly visible office space near US-75 in Plano, Texas.
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      12,910 SF

      Future Office in Mixed-Use Environment

      Future office space with retail and housing within walking distance.
      565 Coit Rd, Plano, TX 75075
      View Details
    • $22 SF/Yr
      52,206 SF

      Plano Office Space for Rent

      Office space with conference center, security, and parking.
      2201 W Plano Pkwy, Plano, TX 75075
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    • $20 SF/Yr
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      Plano Medical Office Building

      11,200 SF Medical Office - Plano, TX
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    • Contact for pricing
      211,718 SF

      H Mart Town Center Retail Space

      Plano Retail/Office Opportunity: 7 Spaces Available
      3420 Parker Rd, Plano, TX 75075
      View Details
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    1524 Independence Pkwy
    Plano, TX 75075-6406
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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.

    More about this property
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