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    2205 N Central Expy Plano, TX 75075

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    Property profile & analytics

    2205 N Central Expy Plano, TX 75075

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    • Commercial real estate
    • 22,296 SF
    • 2.84 lot acres
    For Lease
    $2,020,000
    View Listing →
    Retail Space Near Collin Creek For Lease
    $2,020,000
    3,180 SF

    Retail Space Near Collin Creek

    Retail spaces with high visibility near upcoming mixed-use development.

    2205 N Central Expy, Plano, TX
    View Listing
    Property ID
    US83-1396347
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KungFu Noodle / Restaurant
    • Mango Mango Dessert / Bakery / Take-out & Catering
    • Akumin / Medical Clinic
    • Woomeok BBQ / Restaurant
    • Fuzzy's Taco Shop / Restaurant

    Property Details for 2205 N Central Expy

    Year built
    1985
    Lot size
    2.84 lot acres
    Property size
    22,296 SF
    Zone code
    LC
    Property type
    Commercial real estate
    APN
    R-1962-00A-0010-1
    APU
    R196200A00101

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,045,000
      6.5%
      $1,885,000
      7%
      $1,750,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,151,000
      Market price range: $655k - $3.17M

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7098
    Latitude
    33.0295
    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
    $70,433
    $3,830,701
    $767,603
    $4,598,304
    -
    $3,830,701
    $767,603
    $4,598,304

    Comparable in this City

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      174,843 SF

      801 15th St

      COMMERCIAL (GENERAL) • 174,843 SF
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    • Value Estimation
      $1,475,000
      19,105 SF

      609 15th St

      COMMERCIAL (GENERAL) • 19,105 SF
      609 15th St, Plano, TX 75075-8876
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    • Value Estimation by Request
      465 SF

      3900 15th Std405

      COMMERCIAL CONDOMINUIM • 465 SF
      3900 15th Std405, Plano, TX 75075-7751
      View Details
    • Value Estimation
      $4,295,000
      54,288 SF

      3697 Mapleshade Ln

      COMMERCIAL (GENERAL) • 54,288 SF
      3697 Mapleshade Ln, Plano, TX 75075-5753
      View Details
    • Value Estimation
      $4,385,000
      56,708 SF

      3690 Mapleshade Ln

      COMMERCIAL (GENERAL) • 56,708 SF
      3690 Mapleshade Ln, Plano, TX 75075-5715
      View Details
    • Value Estimation
      $1,360,000
      14,380 SF

      2321 Central Expy

      COMMERCIAL (GENERAL) • 14,380 SF
      2321 Central Expy, Plano, TX 75075-2534
      View Details

    Similar Nearby for Sale

    • $3,300,000
      2.86 Acres

      Plano Commercial Land - 2.86 Acres

      Prime Plano location, high visibility, development potential.
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    • $5,750,000
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      Prime Plano Commercial Land

      5.1 Acres, High Visibility, PGBT Access
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      13,013 SF

      Retail Property with Drive-Thru

      Former CVS location with ample parking and drive-thru.
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      6,400 SF

      Established Car Sales/Service Facility

      Car sales and service facility with automotive zoning in place.
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      Plano Office Building For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      1,924 SF

      Retail Space Former Grocery Store

      Move-in ready retail space, formerly a grocery store.
      1192 Greenway Dr, Plano, TX 75075
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      Future Office in Mixed-Use Environment

      Future office space with retail and housing within walking distance.
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      1,336 SF

      Restaurant Pad Site Available

      Second generation restaurant space available in Plano, Texas.
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      View Details
    • Contact for pricing
      2,656 SF

      Retail Space Near Collin Creek

      Retail space available next to Collin Creek Mall.
      901 N Central Expy, Plano, TX 75075
      View Details
    • Contact for pricing
      6,980 SF

      Retail Space Near Collin Creek

      Retail space available for lease near Collin Creek Mall.
      909 Central Expy, Plano, TX 75075
      View Details
    • Contact for pricing
      83,924 SF

      Plano Retail Center: Prime Location

      83,924 SF Retail Space, 1,198 SF Vacant
      2707 15Th St, Plano, TX 75075
      View Details
    View Listing
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    Plano, TX 75075
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    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
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