Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    189 Plano Rd Richardson, TX 75081-8000

    • Office buildings
    • 15,408 SF
    • 2.47 lot acres
    OFF-MARKET
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2334498
    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

    • Dr Daphne Favroth & Associates / Medical Clinic
    • Reunion Title / Title Company
    • Richardson Pharmacy / Pharmacy
    • Behavioral Innovations / Medical Clinic
    • COVID-19 vaccine location - Natnao / Medical Laboratory

    Property Details for 189 Plano Rd

    Year built
    2004
    Construction
    FRAME
    Lot size
    2.47 lot acres
    Property size
    15,408 SF
    Zone code
    Z137
    Property type
    Office buildings
    APN
    420665500A0010000
    APU
    420665500A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $763,000
      Market price range: $244k - $763k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $500,000
      Current use
      RETAIL STORES
      $1,110,000
      Change: +122% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $895,000
      Change: +78% Conversion: Difficult
      WAREHOUSE, STORAGE
      $710,000
      Change: +41% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $560,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7005
    Latitude
    32.948
    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
    $59,678
    $1,292,690
    $1,360,500
    $2,653,190
    -
    $1,292,690
    $1,360,500
    $2,653,190

    Comparable in this City

    • Value Estimation
      $2,115,000
      84,958 SF

      1122 Alma Rd

      OFFICE BUILDING • 84,958 SF
      1122 Alma Rd, Richardson, TX 75081-2203
      View Details
    • Value Estimation
      $3,765,000
      153,256 SF

      1225 Alma Rd

      OFFICE BUILDING • 153,256 SF
      1225 Alma Rd, Richardson, TX 75081-2297
      View Details
    • Value Estimation by Request
      13,532 SF

      1201 Executive W Dr

      OFFICE BUILDING • 13,532 SF
      1201 Executive W Dr, Richardson, TX 75081-2232
      View Details
    • Value Estimation
      $905,000
      24,680 SF

      1600 Jay Ell Dr

      OFFICE BUILDING • 24,680 SF
      1600 Jay Ell Dr, Richardson, TX 75081-1832
      View Details
    • Value Estimation
      $715,000
      29,600 SF

      833 Arapaho Rd

      OFFICE BUILDING • 29,600 SF
      833 Arapaho Rd, Richardson, TX 75081-2293
      View Details
    • Value Estimation by Request
      2,875 SF

      119 Main St

      OFFICE BUILDING • 2,875 SF
      119 Main St, Richardson, TX 75081-3328
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • Contact for pricing

      Free Standing Office Building

      Single tenant office building near Central Expressway and Richardson IQ Hub.
      1161 Executive Dr West, Richardson, TX 75081
      View Details
    • $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
      View Details
    • Contact for pricing
      2.98 Acres

      Prime Richardson Commercial Land

      2.98 Acres, Excellent Location
      0 Nwc - Arapaho Rd. & Plano Rd, Richardson, TX 75081
      View Details
    • $2,800,000
      1.04 Acres

      Richardson Church Building For Sale

      Magnificent church building in Richardson, TX, ideal for congregations.
      1000 Centennial Blvd, Richardson, TX 75081
      View Details
    • Contact for pricing
      1,315 SF

      Retail Space Near Dallas StarCenter

      Retail property adjacent to Dallas StarCenter and Kroger.
      520 Centennial Blvd, Richardson, TX 75081
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Richardson Office Building For Rent

      Six-story office building in Richardson, Texas, near Highway 75.
      1130 E Arapaho Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      18,251 SF

      Class A Office Building

      Single tenant office building with fitness center and data center.
      2050 N Greenville Ave, Richardson, TX 75081
      View Details
    • Contact for pricing
      4,014 SF

      Class A Office Building

      Class A office building in Richardson, TX, with executive suites.
      801 E Campbell Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      50,500 SF

      Park East Service Center: Richardson, TX

      Prime Flex Space: Richardson, Dallas County.
      1201-1299 Plano Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      9,545 SF

      Office Space on Campbell Road

      Office space for rent with high-speed fiber and renovations.
      1220 E Campbell Rd, Richardson, TX 75081
      View Details
    • $13 SF/Yr
      61,790 SF

      Walnut Abrams Plaza: Executive Suites

      Richardson Office Space: Multiple Sizes Available
      1221 Abrams Rd, Richardson, TX 75081
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    189 Plano Rd
    Richardson, TX 75081-8000
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!