1800 Preston Park Blvd Plano, TX 75093
Property profile & analytics
1800 Preston Park Blvd Plano, TX 75093
- Office buildings
- 80,470 SF
- 5.04 lot acres
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.
Location Intelligence
Current Use by Public Records
- Ugam Solutions / Corporate Office
- Parisa Travel Agency / Travel Agency
- Evantage, Inc / Advertising Agency / Marketing & Advertising
- Mike Raitt / Consultant
- THE BETTER 401(K) SOURCE / Financial Advisor
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 estimation — 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
