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Property profile & analytics
FOR LEASE
Commercial land
291 S Preston Rd Prosper, TX 75078
Trust Owned
Free & Clear
Property ID
US82-1116124
For Lease
1 / 21
$3,200/Mo
291 S Preston Rd, Prosper, TX 75078
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Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
5.55 ac (241,758 SF)
APN
R-12927-000-6200-1
UPID
US82-1116124
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
-
Edward Jones - Financial Advisor: Anthony Quintana Financial Advisor
-
Pari's Medspa Spa & Massage Center Alternative Medicine Practice
-
Findlay Therapy Services Crisis Center Medical Clinic
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Triple Oaks Chiropractic & Acupuncture Alternative Medicine Practice
-
VinTek LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Linda Cheng Living Trust
Linda Cheng Living Trust
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Prosper submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prosper 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Lot
5.55 ac (241,758 SF)
APN
R-12927-000-6200-1
UPID
US82-1116124
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
Building & site characteristics
From public records
Lot
5.55 ac
Current owner
From public records · entity-resolved
Linda Cheng Living Trust
Trust
Free & Clear · 0 yrs held
Mailing address
291 S PRESTON RD STE #620, PROSPER, TX 75078-1907
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2025
—
Linda Cheng Living Trust
Linda Cheng
Deed
related
—
Sep 29, 2025
—
Carole Cheng Tam
Linda Cheng
Deed
related
—
Jan 17, 2025
—
Psr Real Estate LLC
Ptcc LLC
Deed
$300,000 · Prosperity Bank
Jul 19, 2024
—
Jvrealty LLC
Value Ranch Properties LLC
Deed
$336,000 · Commercial Bank Of Texas NA
Mar 26, 2024
—
Social Media Torch Holdings LLC
Ptcc LLC
Deed
related
—
Feb 22, 2024
—
Kalidindi Ventures LLC
Ptcc LLC
Special Warranty Deed
—
Feb 20, 2024
—
Pgsvk Properties LLC
Ptcc LLC
Deed
$292,000 · Comerica Bank
Feb 13, 2024
—
The Estes Group LLC
Ptcc LLC
Deed
$833,000 · First Citizens Bank & Trust Co
Jan 31, 2024
—
Dfw Intl Property Management LLC
Ptcc LLC
Deed
related
—
Jan 30, 2024
—
Jp Wellness Partners LLC
Ptcc LLC
Deed
$250,000 · Promiseone Bank
Jan 29, 2024
—
Talanton Holdings LLC
Ptcc LLC
Deed
$292,000 · Pointbank
Jan 12, 2024
—
Sofi Accounting And Tax Consulting
Ptcc LLC
Venders Lien
$292,000 · First Financial Bank NA
Dec 22, 2023
—
Pie 340 LLC
Ptcc LLC
Special Warranty Deed
—
Nov 28, 2023
—
Hale Equity LLC
Ptcc LLC
Deed
$250,000 · Golden Bank NA
Nov 9, 2023
—
Vik Landing LLC
Ptcc LLC
Deed
$288,750 · First United Bank & Trust Co
Nov 1, 2023
—
Social Media Torch Holdings LLC
—
Deed
related
$330,000 · Wells Fargo National Bank West
Oct 18, 2023
—
Cm Realty LLC
Ptcc LLC
Deed
$258,000 · Bank 7
Sep 12, 2023
—
Value Ranch Properties LLC
Ptcc LLC
Deed
$536,250 · Prosperity Bank
Sep 5, 2023
—
Ajay Balasankula
Ptcc LLC
Special Warranty Deed
—
Aug 31, 2023
—
Svr Ventures LLC
Ptcc LLC
Deed
$270,000 · Prosperity Bank
Aug 29, 2023
—
Cns Realestate Investments LLC
—
Deed
related
$588,000 · Bank Of America NA
Aug 24, 2023
—
William Matthew Cox
Ptcc LLC
Deed
$336,272 · Texas Bank
Aug 10, 2023
—
Medspace Management Group LLC
Ptcc LLC
Deed
$290,560 · Southwestern National Bank
Aug 4, 2023
—
S3software Solutions LLC
—
Deed
related
$472,000 · Cadence Bank NA
Aug 3, 2023
—
Beverlywood Properties LLC
—
Deed
related
$600,000 · First United Bank & Trust Co
Aug 1, 2023
—
Delta Real Estate Properties LLC
—
Deed
related
$579,000 · Bank Of America NA
Jul 31, 2023
—
Vishnu Vardhan Reddy Gudi
Ptcc LLC
Special Warranty Deed
—
May 16, 2023
—
Venkateswara Rao Jillellamudi
Ptcc LLC
Special Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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