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Property profile

513 Plano Rd Garland, TX 75042

OFF-MARKET
Office buildings
Property ID
US83-3659093
12,892 SF 0.53 ac lot Built 2011
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, totaling 12,892 square feet, presents a unique full-building opportunity in Garland, Texas. Built in 2011, this two-story structure sits on a 23,174 square foot lot at 513 N Plano Rd, at the northwest corner of Plano Road and Walnut Street, zip code 75042. The property features a single-tenant occupancy, with the entire space currently vacant. The building boasts a modern design, including a spacious open floor plan complemented by private offices. Amenities include a break room with tiled flooring and stainless steel appliances, and a striking lobby with floor-to-ceiling windows extending across both floors. Access to the second floor is provided by both a staircase and a single elevator, capable of carrying 6-8 passengers. Ample parking is available with 39 spaces. The building is powered by Garland's utility grid. Previous use as a bank office makes this space ideal for a variety of professional uses, including medical offices, meeting rooms, urgent care facilities, or training centers. This is a remarkable opportunity to acquire a high-quality, well-located office building in a thriving Texas market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2011
Construction TILT-UP CONCRETE
Total area 12,892 SF
Lot 0.53 ac (23,174 SF)
Zoning code Z239
APN 26649660010010100
UPID US83-3659093

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising (Bike/Boat/Book/etc) Store

Location

513 Plano Rd Garland, TX 75042-5909
Garland metro Census 19045 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$597k
Blend (final) Blend
$480k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2006
Price N/A

Zoning & alternative use

Z239 · Garland, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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