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

    1602 Plano Rd Richardson, TX 75081-1912

    • Grocery and convenience stores
    • 2,420 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4569281
    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

    • Western Union / Bank / Credit Union
    • Citibank ATM / Atm
    • 7-Eleven / Grocery & Convenience Store

    Property Details for 1602 Plano Rd

    Year built
    1981
    Construction
    TILT-UP CONCRETE
    Lot size
    0.34 lot acres
    Property size
    2,420 SF
    Zone code
    Z137
    Property type
    Grocery and convenience stores
    APN
    42220940000010000
    APU
    42220940000010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.6994
    Latitude
    32.9682
    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
    $7,900
    $177,720
    $173,510
    $351,230
    -
    $177,720
    $173,510
    $351,230

    Comparable in this City

    • Value Estimation
      $7,110,000
      65,834 SF

      1300 Campbell Rd

      GROCERY, SUPERMARKET • 65,834 SF
      1300 Campbell Rd, Richardson, TX 75081-1937
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    • Value Estimation
      $1,165,000
      16,657 SF

      1549 Belt Line Rd

      GROCERY, SUPERMARKET • 16,657 SF
      1549 Belt Line Rd, Richardson, TX 75081-4630
      View Details
    • Value Estimation
      $1,585,000
      42,989 SF

      1501 Buckingham Rd

      GROCERY, SUPERMARKET • 42,989 SF
      1501 Buckingham Rd, Richardson, TX 75081-5304
      View Details
    • Value Estimation
      $565,000
      3,180 SF

      170 Spg Vly Rd

      CONVENIENCE STORE • 3,180 SF
      170 Spg Vly Rd, Richardson, TX 75081-5043
      View Details
    • Value Estimation
      $505,000
      3,455 SF

      102 Arapaho Rd

      CONVENIENCE STORE • 3,455 SF
      102 Arapaho Rd, Richardson, TX 75081-2717
      View Details
    • Value Estimation by Request
      2,302 SF

      100 Greenville Ave

      CONVENIENCE STORE • 2,302 SF
      100 Greenville Ave, Richardson, TX 75081-6053
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,315 SF

      Retail Space Near Dallas StarCenter

      Retail property adjacent to Dallas StarCenter and Kroger.
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    • $3,875,000

      Retail Property in Richardson, Texas

      Retail property for sale at 500 CENTENNIAL BLVD, Richardson, TX.
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      Industrial Property in Desirable Location

      Industrial property with access to workforce in thriving Richardson submarket.
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      15 SF

      Free Standing Office Building

      Single tenant office building near Central Expressway and Richardson IQ Hub.
      1161 Executive Dr West | Richardson, Richardson, TX 75081
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    • $2,292,450
      15,283 SF

      Richardson Office and Warehouse Property

      Vacant office and warehouse property in the East Richardson US-75 Corridor.
      508 N Bowser Rd, Richardson, TX 75081
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    • $3,500,000
      16,287 SF

      Two-Story Office Building For Sale

      Two-story office building with 16,287 SF and 108 parking spaces.
      601 N Plano Rd, Richardson, TX 75081
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    Similar Nearby for Lease

    • $1,215 /Mo
      706 SF

      Retail Space Near US 75

      Retail space available near N Plano Rd & E Campbell Rd.
      1411 E Campbell Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      1,579 SF

      Retail Space in Grocery Anchored Center

      Junior anchor box space in established residential community.
      1332 S Plano Rd, Richardson, TX 75081
      View Details
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      1,908 SF

      Retail Space Near Kroger

      Retail space in a dynamic community near Kroger and amenities.
      908 Audelia Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      3,073 SF

      Grocery-Anchored Retail Center Space

      Retail space in high-traffic, grocery-anchored center near UTD.
      1401-1403 W Campbell Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      1,823 SF

      Retail Space in Richardson, TX

      Retail space available for lease in Richardson, Texas.
      2105 E Buckingham Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      2,285 SF

      Retail Space in Telecom Corridor

      Mixed-use property in Richardson's Telecom Corridor, near Highway 75.
      930 E Campbell Rd, Richardson, TX 75081
      View Details

    Property Visit Statistics

    • Visits by month
      16.4k
    • Visitors by month
      9.9k
    • Avg Time on site
      8 min
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    1602 Plano Rd
    Richardson, TX 75081-1912
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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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