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    3209 Premier Dr Plano, TX 75075
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    Property profile & analytics

    3209 Premier Dr Plano, TX 75075

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    • Office buildings
    • 23,831 SF
    • 1.56 lot acres
    For Lease
    $630,000
    View Listing →
    Plano Retail and Office Center For Lease
    $630,000
    22,845 SF

    Plano Retail and Office Center

    Prime commercial property in Plano, ideal for retail or office.

    3209 Premier Dr, Plano, TX 75075
    View Listing
    Property ID
    US82-3994282
    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
    $630,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mechanics are us / Auto Repair Shop
    • Advanced Home Theater Systems / Electronics & Wireless Store
    • Brian Brazil - Texas Farm Bureau Insurance / Insurance Agency
    • Texas Farm Bureau Insurance - Coby Hight / Insurance Agency
    • Music Gym / Music Conservatory

    Property Details for 3209 Premier Dr

    Year built
    1983
    Lot size
    1.56 lot acres
    Property size
    23,831 SF
    Zone code
    LC
    Property type
    Office buildings
    APN
    R-1385-001-0010-1
    APU
    R138500100101

    Description

    Premier Centre, located at 3209 Premier Dr, Plano, TX 75075, offers exceptional executive office space. This well-maintained property, built in 1986, boasts a total of 22,845 square feet on a 1.56-acre lot. The building features a variety of suite sizes, ranging from a minimum of 584 square feet to a maximum contiguous space of 5,189 square feet. Currently, 13,352 square feet of space is available for lease. The property is situated in a high-traffic area just south of W. Parker Road and east of US 75, providing excellent visibility and accessibility. Ample parking is available with 71 spaces, offering a 3.15 parking ratio. The location benefits from strong demographics and a diverse mix of existing tenants, including Omega Martial Arts Center, Advanced Home Theater, and Select Auto Repair. This property is ideal for businesses seeking a prestigious address in a thriving Plano community. The property offers a blend of convenience, visibility, and ample space, making it an attractive option for a variety of professional businesses. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $745,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $514,000
      Market price range: $514k - $1.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7089
    Latitude
    33.0399
    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
    2022
    $22,454
    $1,084,609
    $90,391
    $1,175,000
    -
    $1,084,609
    $90,391
    $1,175,000

    Comparable in this City

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    • Value Estimation
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      View Details
    • Value Estimation
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      View Details
    • Value Estimation
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      118,530 SF

      1600 Coit Rd

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      View Details

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      Kemp, TX Adaptive Reuse Opportunity

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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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    • Contact for pricing
      6,400 SF

      Established Car Sales/Service Facility

      Car sales and service facility with automotive zoning in place.
      3101 Premier Dr, Plano, TX 75075
      View Details
    • $3,300,000
      2.86 Acres

      Plano Commercial Land - 2.86 Acres

      Prime Plano location, high visibility, development potential.
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    Similar Nearby for Lease

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      Plano Office Space Available

      Office space available for lease in Plano, Texas.
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      4,926 SF

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    • $16 SF/Yr
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      Class A Office Space Available

      Three-story office building with updated amenities and superior accessibility.
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      Future Office in Mixed-Use Environment

      Future office space with retail and housing within walking distance.
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      View Details
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      Medical/Office Space for Lease

      Well-maintained medical/office space available for lease.
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      Plano Office and Flex Space

      High-quality office and flex space in Plano, Texas.
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      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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