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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    555 Republic Dr Plano, TX 75074

    • Office buildings
    • 112,035 SF
    • 4.34 lot acres
    For Lease
    View listing
    Last Sale
    Apr 02, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4237857
    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

    • Viking Fence Co. / General Contractor / Construction Company
    • Wiltz Law / Law Firm
    • Frank Gannon Attorney at Law / Law Firm
    • Law Offices of Dale M Rodriguez / Law Firm
    • World Wide Revenue Solutions / Marketing & Advertising / (Bike/Boat/Book/etc) Store

    Property Details for 555 Republic Dr

    Year built
    1984
    Lot size
    4.34 lot acres
    Property size
    112,035 SF
    Zone code
    LC
    Property type
    Office buildings
    APN
    R-1730-001-0010-1
    APU
    R173000100101

    Description

    555 Republic Drive in Plano, Texas, offers a diverse range of office spaces, perfect for businesses of all sizes. This Class B, five-story building, constructed in 1984, boasts a total of 103,614 square feet, with 17,574 square feet currently vacant. Units range from a minimum of 108 square feet to a maximum contiguous space of 7,436 square feet, accommodating various business needs. The building features a recently upgraded lobby with polished tile floors, creating a professional and welcoming atmosphere. Tenants benefit from convenient on-site property management and leasing services, ensuring a smooth and efficient experience. High-speed elevators provide easy access to all floors. Ample surface parking is available, with a ratio of 3.44 spaces per 1,000 square feet. The strategic location in Plano, Texas, offers easy access to major transportation arteries, including Central Expressway (US Hwy 75) and the George Bush Turnpike, placing businesses within close proximity to a vibrant network of restaurants, retail establishments, and hotels. This property is ideal for businesses seeking a well-maintained, conveniently located, and affordable office space in the thriving city of Plano. The building accommodates multiple tenants and offers both executive and traditional office spaces.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,615,000
      6.5%
      $6,105,000
      7%
      $5,670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,301,000
      Market price range: $3.17M - $13.6M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,225,000
      Current use
      COMMERCIAL (GENERAL)
      $9,210,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7052
    Latitude
    33.0313
    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
    $197,694
    $3,021,949
    $7,953,051
    $10,975,000
    -
    $3,021,949
    $7,953,051
    $10,975,000

    Comparable in this City

    • Value Estimation
      $4,090,000
      82,120 SF

      801 Plano Pkwy

      OFFICE BUILDING • 82,120 SF
      801 Plano Pkwy, Plano, TX 75074-6746
      View Details
    • Value Estimation
      $835,000
      15,917 SF

      550 15th St

      OFFICE BUILDING • 15,917 SF
      550 15th St, Plano, TX 75074-5869
      View Details
    • Value Estimation by Request
      1,804 SF

      900 Park Blvd Ste, Unit 153

      OFFICE BUILDING • 1,804 SF
      900 Park Blvd Ste, Plano, TX 75074-8860
      View Details
    • Value Estimation by Request
      3,631 SF

      1512 Central Expy

      OFFICE BUILDING • 3,631 SF
      1512 Central Expy, Plano, TX 75074-5714
      View Details
    • Value Estimation by Request
      6,741 SF

      1605 G Ave

      OFFICE BUILDING • 6,741 SF
      1605 G Ave, Plano, TX 75074-5750
      View Details
    • Value Estimation by Request
      2,093 SF

      1809 K Ave

      OFFICE BUILDING • 2,093 SF
      1809 K Ave, Plano, TX 75074-5907
      View Details

    Similar Nearby for Sale

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      0.39 Acres

      Freestanding Office Building in Plano

      Well-maintained office building in Plano, ideal for various uses.
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      Charming 2,023 SF commercial building in Historic Downtown Plano.
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      Modern Office Building in Plano

      Recently built office building in a prime Plano location.
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    • $1,100,000
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      Modern Office Asset in Plano

      Contemporary office building in Plano, TX, designed for efficiency.
      1805 K Ave, Plano, TX 75074
      View Details
    • $1,900,000
      5,326 SF

      Downtown Plano Office Building

      Historic Charm, Modern Amenities, High ROI
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      2,728 SF

      Office/Medical Condo with Signage

      Office/medical condo with building signage and monument available.
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    Similar Nearby for Lease

    • Contact for pricing
      47,179 SF

      Avenue N Office/Industrial Space

      Collin County: Flexible Office & Showroom Space
      1209 Ave, Plano, TX 75074
      View Details
    • $18 SF/Yr
      36,443 SF

      Plano Executive Office Suites

      Prestigious Plano Office Space Available
      801 Plano Pkwy, Plano, TX 75074
      View Details
    • $550 /Mo
      8,189 SF

      Plano Executive Suites Office Space

      Executive suites in Plano, near city hall and historic downtown.
      1809 K Ave, Plano, TX 75074
      View Details
    • Contact for pricing

      Versatile Commercial Space in Plano

      10,000 SF space ideal for retail, office, or medical use.
      Plano, TX 75074
      View Details
    • Contact for pricing
      2,048 SF

      Plano Office Space Available

      Office space featuring reception area, window offices, and break room.
      101 E Park Blvd, Plano, TX 75074
      View Details
    • $22 SF/Yr
      225,445 SF

      Plano Office Tower: Premier Space

      Class A Office Suites in Plano, TX
      101 Park Blvd, Plano, TX 75074
      View Details
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    555 Republic Dr
    Plano, TX 75074
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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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