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Property profile & analytics
OFF-MARKET
Office buildings
1809 K Ave Plano, TX 75074-5907
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US82-0495775
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Total area
2,093 SF
Lot
0.19 ac (8,189 SF)
Zoning code
BG
APN
R-0340-001-007A-1
UPID
US82-0495775
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Richardson Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Dr. Joan Ellason Physician Medical Clinic
-
AmerAppraise Valuation Inc Real Estate Agency
-
East Plano Realty Real Estate Agency
-
sbm Real Estate Services Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Amerappraise Valuation INC · 19 yrs held
Amerappraise Valuation INC
since 2007
3 recorded transactions
Zoning & alternative use
BG · Plano, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The BG district is intended to serve as a pedestrian oriented center for retail, office, governmental, cultural, entertainment and residential uses.
Zone name
Downtown Business And Government
General category
CIVIC_INSTITUTIONAL
Zone area
141.85 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Plano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plano submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,570
Tax year 2022
Assessed value
$402,314
Assessed 2023
Previous assessed
$396,114
+1.6% YoY
Effective rate
1.88%
On assessed value
Assessed land
$204,725
Assessed improvement
$197,589
Land market value
$204,725
Improvement market value
$197,589
Total market value
$402,314
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Stories
1
Total area
2,093 SF
Lot
0.19 ac (8,189 SF)
Zoning code
BG
APN
R-0340-001-007A-1
UPID
US82-0495775
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
BG · Plano, TXZoning BG · permitted uses
BG · Plano, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The BG district is intended to serve as a pedestrian oriented center for retail, office, governmental, cultural, entertainment and residential uses.
Zone name
Downtown Business And Government
General category
CIVIC_INSTITUTIONAL
Zone area
141.85 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Amerappraise Valuation INC
Entity
Mailing address
2204 WINDSOR DR, RICHARDSON, TX 75082-4708
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2020
—
Amerappraise Valuation INC
—
Deed
related
$170,000 · Prosperity Bk
May 29, 2007
—
Amerappraise Valuation INC
Caracol Investments LLC
Grant Deed
$148,750 · Silver Hill Financial LLC
—
—
Amerappraise Valuation INC
—
Deed Of Trust
related
$170,000 · Prosperity Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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