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

    6500 Preston Mdw Dr Plano, TX 75024-5259

    • Specialty properties
    • 158,348 SF
    OFF-MARKET
    Value Estimations
    $4,985,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0798719
    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

    • Baylor Medical Center Irving / Hospital
    • Plano Sports Authority / Family Recreation Center
    • STORM Volleyball club / Gym & Fitness Center
    • Prosperity Bank - ATM / Atm

    Property Details for 6500 Preston Mdw Dr

    Year built
    2003
    Property size
    158,348 SF
    Property type
    Specialty properties
    APN
    R-5073-00A-002A-1
    APU
    R507300A002A1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7774
    Latitude
    33.0615
    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
    $0.00
    $0.00
    $22,073,970
    $22,073,970
    -
    $0.00
    $22,073,970
    $22,073,970

    Comparable in this City

    • Value Estimation
      $11,210,000
      256,042 SF

      6101 Ohio Dr

      CHARITABLE ORGANIZATION • 256,042 SF
      6101 Ohio Dr, Plano, TX 75024-2720
      View Details
    • Value Estimation
      $3,645,000
      53,192 SF

      6700 Communications Pkwy

      CHARITABLE ORGANIZATION • 53,192 SF
      6700 Communications Pkwy, Plano, TX 75024-5992
      View Details
    • Value Estimation
      $17,440,000
      296,434 SF

      5301 Legacy Dr

      CHARITABLE ORGANIZATION • 296,434 SF
      5301 Legacy Dr, Plano, TX 75024-3109
      View Details
    • Value Estimation
      $12,930,000
      207,793 SF

      7211 Preston Rd

      CHARITABLE ORGANIZATION • 207,793 SF
      7211 Preston Rd, Plano, TX 75024-4700
      View Details
    • Value Estimation
      $3,205,000
      45,000 SF

      5201 Democracy Dr

      CHARITABLE ORGANIZATION • 45,000 SF
      5201 Democracy Dr, Plano, TX 75024-3561
      View Details
    • Value Estimation
      $9,270,000
      435,683 SF

      5555 Windhaven Pkwy

      CHARITABLE ORGANIZATION • 435,683 SF
      5555 Windhaven Pkwy, Plano, TX 75024-0442
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.08 Acres

      Plano Commercial Land - 3 Acres

      Prime Plano location, high traffic, near major employers.
      0 Headquarters Dr, Plano, TX 75024
      View Details
    • $650,000
      1,650 SF

      Furnished Office Condo in Plano

      Move-in ready office condo in a prime Plano location.
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    • $1,161,000
      2,978 SF

      West Plano Medical Office Building

      Upscale dental office, prime location, high traffic.
      6513 Preston Rd, Plano, TX 75024
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    • $789,000
      1,650 SF

      4686 Mcdermott Rd, Plano, TX 75024

      Office Properties & Spaces • 1,650 SF
      4686 Mcdermott Rd, Plano, TX 75024
      View Details
    • $950,000
      2,536 SF

      Move-in Ready Office Near Hospital

      Turnkey office space near Children’s Hospital, built in 2014.
      7709 San Jacinto Pl, Plano, TX 75024
      View Details
    • Contact for pricing

      Plano Multifamily Living Experience

      Apartment complex in Plano, built in 1990.
      6201 Windhaven Pkwy, Plano, TX 75024
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      41,948 SF

      Modern Office Space in Plano

      Versatile, renovated office space with amenities in Plano, Texas.
      6501 Legacy Dr, Plano, TX 75024
      View Details
    • Contact for pricing
      89,350 SF

      Plano Retail/Office HQ Village

      Prime Plano location, multiple suites available
      8240 Preston Rd, Plano, TX 75024
      View Details
    • Contact for pricing
      2,813 SF

      Retail Space at Major Intersection

      Retail space available at a super regional intersection.
      8608 Preston Rd, Plano, TX 75024
      View Details
    • Contact for pricing
      1,391 SF

      Legacy Town Center Retail Space

      Retail space available in Legacy Town Center, Plano, TX.
      5701-5741 Legacy Dr, Plano, TX 75024
      View Details
    • Contact for pricing
      48,821 SF

      Office Space in Plano, Texas

      Office space available for lease in Plano, Texas.
      5000 Headquarters Dr, Plano, TX 75024
      View Details
    • Contact for pricing
      1,167 SF

      Retail Space on Preston Road

      Retail space available in Plano, Texas at a major intersection.
      8600 Preston Rd, Plano, TX 75024
      View Details
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    Plano, TX 75024-5259
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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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