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

    1800 Preston Park Blvd Plano, TX 75093

    • Office buildings
    • 80,470 SF
    • 5.04 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Last Sale
    Oct 23, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4105673
    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

    • Ugam Solutions / Corporate Office
    • Parisa Travel Agency / Travel Agency
    • Evantage, Inc / Marketing Consultant / Business Management Consultant
    • Mike Raitt / Consultant
    • THE BETTER 401(K) SOURCE / Investment Service

    Property Details for 1800 Preston Park Blvd

    Year built
    1997
    Lot size
    5.04 lot acres
    Property size
    80,470 SF
    Zone code
    RT/O-M
    Property type
    Office buildings
    APN
    R-3641-00A-001R-1
    APU
    R364100A001R1

    Description

    This exceptional Class A office building, the Plano Office Center, presents a compelling investment opportunity. Located at 1800 Preston Park Blvd, Plano, TX 75093, this multi-tenant property boasts 198,770 square feet on a 12.08-acre lot. Built in 1999 and currently 76.1% occupied, the property generates a Net Operating Income (NOI) of $2,245,302. However, a proforma NOI of $3,034,638 indicates significant upside potential. The current average rental rate is $25.50 per square foot, easily replaceable within the competitive submarket. Benefiting from convenient access to major thoroughfares like Highway 161 (PGBT) and the Dallas North Tollway (DNT), the property enjoys high visibility and accessibility. The surrounding area demonstrates strong demographics, with a household income exceeding $110,000 within a 3-mile radius – approximately 1.5 times the national average. Furthermore, the area has experienced consistent population growth since 2010, with a 5% annual increase and projections of 2% annual growth until 2028. The diverse tenant mix, including medical and professional services, coupled with recent major renovations (since 2020) resulting in Class A finishes, ensures a strong and stable tenant base. The smaller unit sizes facilitate easier tenant replacement. Offers are being accepted until September 20, 2024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,545,000
      Market price range: $810k - $4.41M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,890,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7877
    Latitude
    33.0233
    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
    $274,930
    $1,976,661
    $12,938,339
    $14,915,000
    -
    $1,976,661
    $12,938,339
    $14,915,000

    Comparable in this City

    • Value Estimation
      $4,540,000
      149,515 SF

      4716 Alliance Blvd

      OFFICE BUILDING • 149,515 SF
      4716 Alliance Blvd, Plano, TX 75093-5371
      View Details
    • Value Estimation
      $1,235,000
      22,600 SF

      4100 Mapleshade Ln

      OFFICE BUILDING • 22,600 SF
      4100 Mapleshade Ln, Plano, TX 75093-0012
      View Details
    • Value Estimation
      $5,900,000
      120,000 SF

      3901 Dallas Pkwy

      OFFICE BUILDING • 120,000 SF
      3901 Dallas Pkwy, Plano, TX 75093-7864
      View Details
    • Value Estimation
      $5,040,000
      157,332 SF

      2805 Dallas Pkwy

      OFFICE BUILDING • 157,332 SF
      2805 Dallas Pkwy, Plano, TX 75093-8719
      View Details
    • Value Estimation
      $5,070,000
      158,000 SF

      2701 Dallas Pkwy

      OFFICE BUILDING • 158,000 SF
      2701 Dallas Pkwy, Plano, TX 75093-8773
      View Details
    • Value Estimation
      $520,000
      12,507 SF

      4701 Parker Rd

      OFFICE BUILDING • 12,507 SF
      4701 Parker Rd, Plano, TX 75093-3376
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,818 SF

      New Office Building Near Hospitals

      Office building near medical facilities with easy highway access.
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      Plano Medical Office Space

      Fully leased medical office space in Plano, Texas.
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    • $5,920,000
      1.34 Acres

      West Plano Freestanding Office Building

      Two-story office building in prime West Plano location.
      5808 W Plano Pkwy, Plano, TX 75093
      View Details
    • $2,490,000
      3.42 Acres

      Plano Office with Grand Lobby

      Office space with flexible layout near amenities in Plano, TX.
      3020 Communications Pkwy, Plano, TX 75093
      View Details
    • $2,300,000
      0.66 Acres

      Office Building in Plano, TX

      Spacious office building suitable for title, law, or real estate.
      5212 Vlg Crk Dr Dr, Plano, TX 75093
      View Details
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      5,664 SF

      Plano Office Space: Prime Location

      Prestigious Office, Divisible Space, Plano, TX
      3020 Communications Pkwy, Plano, TX 75093
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      53,693 SF

      Plano Parkway Office Space Available

      Office building with golf course views and convenient highway access.
      5700 W Plano Pkwy, Plano, TX 75093
      View Details
    • Contact for pricing
      32,450 SF

      Plano Medical Office Space For Lease

      Prime location, modern medical office building.
      3242 Preston Rd, Plano, TX 75093
      View Details
    • Contact for pricing
      2,136 SF

      Class A Office Space Available

      Two-building Class A office park in West Plano.
      1820 Preston Park Blvd, Plano, TX 75093
      View Details
    • $21 SF/Yr
      10,734 SF

      Office Space for Sublease

      Office space available for sublease in Plano, Texas.
      5055 W Park Blvd, Plano, TX 75093
      View Details
    • $1,425 /Mo

      Furnished Office Space Available

      Fully-furnished office space with shared amenities and utilities included.
      6275 Office, Plano, TX 75093
      View Details
    • Contact for pricing
      3,716 SF

      Plano Office Space For Rent

      Office space with convenient access to amenities and major routes.
      6400 International Pkwy, Plano, TX 75093
      View Details
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    Plano, TX 75093
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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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