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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
2325 Coit Rd Plano, TX 75075-3795
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4355699
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
4,731 SF
Lot
0.3 ac (13,238 SF)
Zoning code
RT
APN
R-1611-001-0040-1
UPID
US82-4355699
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
-
Academic Solutions Tutoring Service
-
Christina Hahn Foster Care Service Social Service Agency
-
Sherry A. Kelly, LCSW Physician
-
Farkas Babette F MD Physician Medical Clinic
-
Koenigsberg Alan D MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Paras Kharwal · 2 yrs held
Paras Kharwal
since 2024
Last sale
$512,000
2 recorded transactions
Zoning & alternative use
RT · Plano, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RT district is intended to create a low density, employment center consisting of office, research and development facilities and limited assembly operations.
Zone name
Research And Technology Center
General category
UNKNOWN
Zone area
806.48 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$420,000
+92.0%
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
$510,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$420,000
Change: +92% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $512k (Apr 11 2024)
Last sale anchor
$512k
Apr 11 2024
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
$108 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,104
Tax year 2023
Assessed value
$600,000
Assessed 2024
Previous assessed
$600,000
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$225,044
Assessed improvement
$374,956
Land market value
$225,044
Improvement market value
$374,956
Total market value
$600,000
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
1
Total area
4,731 SF
Lot
0.3 ac (13,238 SF)
Zoning code
RT
APN
R-1611-001-0040-1
UPID
US82-4355699
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
RT · Plano, TXZoning RT · permitted uses
RT · Plano, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RT district is intended to create a low density, employment center consisting of office, research and development facilities and limited assembly operations.
Zone name
Research And Technology Center
General category
UNKNOWN
Zone area
806.48 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$420,000
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
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Paras Kharwal
Individual
Free & Clear · 2 yrs held
Mailing address
14734 SEEDLING DR, FRISCO, TX 75035-7422
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
$512,000
Paras Kharwal
Derek R Dunlop
Deed
—
Jul 10, 2020
—
Figueroa Werbo LLC
Ls Office Park LP
Grant Deed
$5,727,000 · Eecu
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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