Property profile

1601 Capital Ave Plano, TX 75074

OFF-MARKET
Commercial real estate
Property ID
US82-2926662
20,000 SF 1.09 ac lot Built 1984
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 20,000-square-foot flex building, located at 1601 Capital Ave in Plano, Texas, presents a unique investment opportunity. Situated on a 1.09-acre lot in Collin County, this Class B property boasts a prime location with easy access to major transportation routes. Originally constructed in 1984 and extensively renovated in 2024, the building offers a modern and functional space ideal for a variety of uses, including flex, R&D, and warehouse operations. The property features a desirable open floor plan, perfect for customization to suit specific business needs. The building's electrical infrastructure is robust, with 200-400 amp/240V, Phase 3 power available. The zoning is designated as Light Industrial, providing flexibility for a range of permitted activities. The two-story building is comprised of a single structure, offering efficient space utilization. This turnkey property is offered at $5,100,000 and is ready for immediate occupancy. The property's recent renovation ensures modern amenities and systems, minimizing upfront capital expenditures for the new owner. This is an excellent opportunity to acquire a well-maintained, strategically located industrial property in a thriving Texas market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1984
Total area 20,000 SF
Lot 1.09 ac (47,655 SF)
Zoning code LI-1
APN R-1762-001-0010-1
UPID US82-2926662

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Big Box & Wholesale Store Auto Parts Store
  • Recycling Center Waste Management Facility
  • Recycling Center Waste Management Facility
  • Car Dealership

Location

1601 Capital Ave Plano, TX 75074-8191
Plano metro Census 31902 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$792k
Blend (final) Blend
$650k

Owner & transaction history

Zoning & alternative use

LI-1 · Plano, TX
Zoning description

The LI-1 district is intended to provide areas for light manufacturing firms engaged in processing, assembling, warehousing, research and development and incidental services that are developed in accordance with the same…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1601 Capital Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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