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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Office buildings
1912 K Ave Plano, TX 75074-5997
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US82-3485042
Property summary
AI-generated overview
This exceptional two-story, Class B office building, located in the heart of downtown Plano at 1912 K Ave, 75074, offers 20,060 square feet of versatile space. Currently, 10,000 square feet is immediately available for lease, with the potential for smaller divisions down to a minimum of 1 square foot. Built in 1984, the property sits on a 1.59-acre lot and boasts a floor area ratio (FAR) of 2.9. The building features a single elevator and ample parking with 55 spaces available for tenants and visitors. The zoning designation is LC. The property's convenient location in Plano, Texas, provides easy access to major transportation routes and a vibrant urban environment. This traditional office building presents a unique opportunity for businesses seeking a well-established presence in a thriving downtown area. The property's address is verified as 1912 K Ave, Plano, TX 75074, with the APN listed as R2009144. The building consists of one structure with two stories. This is a multi-tenant building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
20,060 SF
Lot
1.59 ac (69,043 SF)
APN
R-2937-001-001R-1
UPID
US82-3485042
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
-
North Texas Pureland Learning Center (Amtb NTX) Temple Spiritual Center
-
American First National Bank Bank Loan Service
-
Motor Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Amtb Property LLC
Amtb Property LLC
since 2026
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+12.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,185,000
6.5%
$1,095,000
7%
$1,015,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,470,000
Current use
COMMERCIAL (GENERAL)
$1,650,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
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
$43,967
Tax year 2022
Assessed value
$2,743,293
Assessed 2023
Previous assessed
$2,300,720
+19.2% YoY
Effective rate
1.60%
On assessed value
Assessed land
$828,511
Assessed improvement
$1,914,782
Land market value
$828,511
Improvement market value
$1,914,782
Total market value
$2,743,293
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
1984
Heating
NONE
Stories
2
Total area
20,060 SF
Lot
1.59 ac (69,043 SF)
APN
R-2937-001-001R-1
UPID
US82-3485042
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
2
Lot
1.59 ac
Current owner
From public records · entity-resolved
Amtb Property LLC
Entity
Mailing address
9999 BELLAIRE BLVD, HOUSTON, TX 77036-3579
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Apr 2, 2026
$1,795,500
Amtb Property LLC
Cheung Pun LLC
Deed
$1,350,000 · Jpmorgan Chase Bank N A
Apr 5, 2024
—
Cheung Pun LLC
North Texas Pureland Learning Cente
Special Warranty Deed
—
Apr 16, 2012
—
American First Natl Bk
First Intl Bk Plano Texas
Quit Claim Deed
related
—
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.
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