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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Commercial real estate
3100 Independence Pkwy Plano, TX 75075-9152
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4018450
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1977
Total area
38,932 SF
Lot
4 ac (174,414 SF)
Zoning code
RT
APN
R-0232-00A-002R-1
UPID
US82-4018450
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
-
Elmvale Jewelers Inc (Bike/Boat/Book/etc) Store
-
Little Greek Fresh Grill Restaurant
-
Effective Chronic Pain Medical Clinic
-
Independence Dental Dental Office
-
Urgent Care Clinic of Plano Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.30M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.97M
Owner & transaction history
New Market-plano LLC · 11 yrs held
New Market-plano LLC
since 2015
4 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
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%
$3,565,000
6.5%
$3,295,000
7%
$3,060,000
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±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
$76 / 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
$91,113
Tax year 2022
Assessed value
$5,659,640
Assessed 2023
Previous assessed
$4,767,808
+18.7% YoY
Effective rate
1.61%
On assessed value
Assessed land
$2,790,767
Assessed improvement
$2,868,873
Land market value
$2,790,767
Improvement market value
$2,868,873
Total market value
$5,659,640
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1977
Heating
NONE
Stories
1
Total area
38,932 SF
Lot
4 ac (174,414 SF)
Zoning code
RT
APN
R-0232-00A-002R-1
UPID
US82-4018450
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
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Stories
1
Lot
4 ac
Current owner
From public records · entity-resolved
New Market-plano LLC
Entity
Mailing address
5950 BERKSHIRE LN STE #1110, DALLAS, TX 75225-5846
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2015
—
New Market-plano LLC
Plano Center Associates Ltd
Quit Claim Deed
related
—
—
—
New Market-plano LLC
—
Deed Of Trust
related
$12,617,500 · Keybank USA
—
—
Plano Center Associates Ltd
—
Deed Of Trust
related
$9,425,000 · Texas Cap Bk
—
—
Plano Center Associates Ltd
—
Deed Of Trust
related
$8,150,000 · Artesia Mortgage Capital Corp
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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