Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1909 Preston Rd Plano, TX 75093-5102

    • Commercial real estate
    • 4,364 SF
    • 1.15 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3769565
    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

    • Chick-fil-A / Restaurant / Take-out & Catering

    Property Details for 1909 Preston Rd

    Year built
    1994
    Lot size
    1.15 lot acres
    Property size
    4,364 SF
    Zone code
    LC
    Property type
    Commercial real estate
    APN
    R-2969-001-008R-1
    APU
    R2969001008R1

    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
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7961
    Latitude
    33.0259
    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
    $35,047
    $1,406,804
    $537,052
    $1,943,856
    -
    $1,406,804
    $537,052
    $1,943,856

    Comparable in this City

    • Value Estimation by Request
      166,978 SF

      1901-1941

      Retail properties • 166,978 SF
      0 1901-1941, Plano, TX 75093
      View Details
    • Value Estimation by Request
      1.51 Acres

      4048 Preston Rd

      COMMERCIAL (GENERAL) • 1.51 Acres
      4048 Preston Rd, Plano, TX 75093-7301
      View Details
    • Value Estimation
      $710,000
      8,675 SF

      6221 Chapel Hl Blvd, Unit 7

      COMMERCIAL CONDOMINUIM • 8,675 SF
      6221 Chapel Hl Blvd, Plano, TX 75093-6388
      View Details
    • Value Estimation by Request
      5,000 SF

      2304 Midway Rd

      COMMERCIAL (GENERAL) • 5,000 SF
      2304 Midway Rd, Plano, TX 75093-1611
      View Details
    • Value Estimation
      $5,685,000
      57,190 SF

      3501 Midway Rd

      COMMERCIAL (GENERAL) • 57,190 SF
      3501 Midway Rd, Plano, TX 75093-8117
      View Details
    • Value Estimation
      $885,000
      10,525 SF

      6401 Park Blvd

      COMMERCIAL (GENERAL) • 10,525 SF
      6401 Park Blvd, Plano, TX 75093-6217
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.95 Acres

      Plano PGBT Commercial Land

      Prime 2.948-acre commercial lot.
      4820 Mapleshade Ln, Plano, TX 75093
      View Details
    • $2,790,000
      7,525 SF

      Plano Medical Office Investment

      High-yield, NNN-leased medical building.
      4108 15Th St, Plano, TX 75093
      View Details
    • $985,000
      3,230 SF

      Hawkins Welwood Corner Lot Home

      Sophisticated 3-bedroom home with gourmet kitchen and expansive patio.
      2161 Fawnwood Dr, Plano, TX 75093
      View Details
    • $13,500,000
      18,675 SF

      62,519 SF Retail Property

      Retail property with showroom finish and secured parking.
      1001 Preston Rd, Plano, TX 75093
      View Details
    • $2,303,925
      5,421 SF

      Plano Office Space For Sale

      5,421 SF office space ideal for medical or professional users.
      4691 Old Shepard Pl, Plano, TX 75093
      View Details
    • Contact for pricing
      6,818 SF

      New Office Building Near Hospitals

      Office building near medical facilities with easy highway access.
      4716 Dexter Dr, Plano, TX 75093
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      276,000 SF

      Preston Parker Crossing Retail Space

      Plano, TX retail center: prime location.
      4701 Preston Rd, Plano, TX 75093
      View Details
    • Contact for pricing
      15,817 SF

      Retail Space in West Plano

      Tom Thumb anchored shopping center with high visibility and traffic.
      5968 W Parker Rd, Plano, TX 75093
      View Details
    • Contact for pricing
      2,850 SF

      Plano Flex Space Available

      Flex space available near Dallas North Tollway.
      1200 Commerce Dr, Plano, TX 75093
      View Details
    • Contact for pricing
      3,950 SF

      Retail Space in Plano, Texas

      Retail space available in Plano, Texas, at Preston Road.
      2440 Preston Rd, Plano, TX 75093
      View Details
    • Contact for pricing
      5,376 SF

      High-Traffic Retail Center Available

      Neighborhood shopping center with high visibility and planned upgrades.
      1305 Preston Rd, Plano, TX 75093
      View Details
    • $38 SF/Yr
      2,212 SF

      Plano Office Space Available

      Office space for lease with ample parking and signage.
      3000 Communications Pkwy, Plano, TX 75093
      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.
    1909 Preston Rd
    Plano, TX 75093-5102
    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.