Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4000 Park Blvd Plano, TX 75093-3839

    • Office buildings
    • 12,338 SF
    • 0.89 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2023
    Value Estimations
    $490,000
    Show details
    Cap Rate Potential
    9%
    Office buildings
    Location Intelligence
    Property ID
    US82-0641377
    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.

    Current Use by Public Records

    • Michael S. Shippy, DC / Chiropractor
    • Shippy Chiropractic / Chiropractor

    Property Details for 4000 Park Blvd

    Year built
    1984
    Lot size
    0.89 lot acres
    Property size
    12,338 SF
    Zone code
    O-M
    Property type
    Office buildings
    APN
    R-1684-001-0020-1
    APU
    R168400100201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $730,000
      6.5%
      $670,000
      7%
      $625,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $328,000
      Market price range: $124k - $676k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $445,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7709
    Latitude
    33.0265
    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
    $36,401
    $1,089,760
    $835,303
    $1,925,063
    -
    $1,089,760
    $835,303
    $1,925,063

    Comparable in this City

    • Value Estimation
      $880,000
      289,299 SF

      6200 Parker Rd

      OFFICE BUILDING • 289,299 SF
      6200 Parker Rd, Plano, TX 75093-8185
      View Details
    • Value Estimation by Request
      239,913 SF

      6275 Plano Pkwy

      OFFICE BUILDING • 239,913 SF
      6275 Plano Pkwy, Plano, TX 75093-4907
      View Details
    • Value Estimation
      $885,000
      31,148 SF

      5420 Plano Pkwy

      OFFICE BUILDING • 31,148 SF
      5420 Plano Pkwy, Plano, TX 75093-4823
      View Details
    • Value Estimation
      $1,015,000
      183,255 SF

      6100 Plano Pkwy

      OFFICE BUILDING • 183,255 SF
      6100 Plano Pkwy, Plano, TX 75093-8203
      View Details
    • Value Estimation
      $750,000
      31,700 SF

      4031 Plano Pkwy

      OFFICE BUILDING • 31,700 SF
      4031 Plano Pkwy, Plano, TX 75093-5619
      View Details
    • Value Estimation
      $520,000
      55,673 SF

      5700 Plano Pkwy

      OFFICE BUILDING • 55,673 SF
      5700 Plano Pkwy, Plano, TX 75093-2445
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,818 SF

      New Office Building Near Hospitals

      Office building near medical facilities with easy highway access.
      4716 Dexter Dr, Plano, TX 75093
      View Details
    • Contact for pricing
      19,200 SF

      Plano Medical Office Space

      Fully leased medical office space in Plano, Texas.
      6101 Windcom Ct, Plano, TX 75093
      View Details
    • $5,920,000
      1.34 Acres

      West Plano Freestanding Office Building

      Two-story office building in prime West Plano location.
      5808 W Plano Pkwy, Plano, TX 75093
      View Details
    • $2,490,000
      3.42 Acres

      Plano Office with Grand Lobby

      Office space with flexible layout near amenities in Plano, TX.
      3020 Communications Pkwy, Plano, TX 75093
      View Details
    • $2,300,000
      0.66 Acres

      Office Building in Plano, TX

      Spacious office building suitable for title, law, or real estate.
      5212 Vlg Crk Dr Dr, Plano, TX 75093
      View Details
    • $2,490,000
      5,664 SF

      Plano Office Space: Prime Location

      Prestigious Office, Divisible Space, Plano, TX
      3020 Communications Pkwy, Plano, TX 75093
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      53,693 SF

      Plano Parkway Office Space Available

      Office building with golf course views and convenient highway access.
      5700 W Plano Pkwy, Plano, TX 75093
      View Details
    • $38 SF/Yr
      2,212 SF

      Plano Office Space Available

      Office space for lease with ample parking and signage.
      3000 Communications Pkwy, Plano, TX 75093
      View Details
    • $21 SF/Yr
      40,000 SF

      Plano Office Space Available

      40,000 square foot office space for lease in Plano.
      3905 Dallas Pkwy, Plano, TX 75093
      View Details
    • $1,050 /Mo
      18,891 SF

      Plano Office Space Available

      Office space for rent in Plano, Texas, with 18,891 square feet.
      1400 Preston Rd, Plano, TX 75093
      View Details
    • $1,425 /Mo
      445,096 SF

      Furnished Office Space in Plano

      Fully-furnished office space with amenities in Plano, Texas.
      6275 W Plano Pkwy, Plano, TX 75093
      View Details
    • Contact for pricing
      3,678 SF

      Plano Executive Office Space

      3,678 SF Retail/Office Suite Available
      3412 Hebron Pkwy, Carrollton, TX 75093
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4000 Park Blvd
    Plano, TX 75093-3839
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.