Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    701 W 15Th St Plano, TX 75075
    Back to Search
    Property profile & analytics

    701 W 15Th St Plano, TX 75075

    View on Map
    • Office buildings
    • 21,020 SF
    • 1.03 lot acres
    For Sale
    $4,273,000
    View Listing →
    New Angie's Drive-Thru Investment For Sale
    $4,273,000
    3,128 SF

    New Angie's Drive-Thru Investment

    New 20-year NNN lease with attractive annual rental increases.

    701 W 15th St, Plano, TX 75075
    View Listing
    Property ID
    US82-1862032
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Shapiro Law Firm / Law Firm
    • Law Office of Brian Bagley, PLLC / Law Firm
    • Polaris Forensics / Engineering Consultant / Mechanical Engineer
    • Republic Title of Texas Inc / Title Company
    • Capital Title of Texas / Title Company / Escrow Service

    Property Details for 701 W 15Th St

    Year built
    1983
    Lot size
    1.03 lot acres
    Property size
    21,020 SF
    Zone code
    LC
    Property type
    Office buildings
    APN
    R-1455-000-0000-1
    APU
    R145500000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $735,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,240,000
      6.5%
      $1,145,000
      7%
      $1,065,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,102,000
      Market price range: $595k - $2.56M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,545,000
      Current use
      COMMERCIAL (GENERAL)
      $1,730,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.706
    Latitude
    33.0201
    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
    $36,686
    $943,118
    $976,582
    $1,919,700
    -
    $943,118
    $976,582
    $1,919,700

    Comparable in this City

    • Value Estimation
      $1,210,000
      31,130 SF

      1000 14th St

      OFFICE BUILDING • 31,130 SF
      1000 14th St, Plano, TX 75074-6205
      View Details
    • Value Estimation
      $14,835,000
      238,924 SF

      500 Central Expy

      OFFICE BUILDING • 238,924 SF
      500 Central Expy, Plano, TX 75074-6772
      View Details
    • Value Estimation
      $2,160,000
      39,000 SF

      520 Central E Pkwy

      OFFICE BUILDING • 39,000 SF
      520 Central E Pkwy, Plano, TX 75074-5587
      View Details
    • Value Estimation
      $14,635,000
      240,104 SF

      101 Park Blvd

      OFFICE BUILDING • 240,104 SF
      101 Park Blvd, Plano, TX 75074-5483
      View Details
    • Value Estimation by Request
      3,901 SF

      1513 14th St

      OFFICE BUILDING • 3,901 SF
      1513 14th St, Plano, TX 75074-6390
      View Details
    • Value Estimation by Request
      1,034 SF

      1201 19th St

      OFFICE BUILDING • 1,034 SF
      1201 19th St, Plano, TX 75074-5932
      View Details

    Similar Nearby for Sale

    • $1,100,000
      0.30 Acres

      Modern Office Asset in Plano

      Contemporary office building in Plano, TX, designed for efficiency.
      1805 K Ave, Plano, TX 75074
      View Details
    • $1,825,000
      5,326 SF

      Downtown Plano Renovated Office Building

      Renovated 5326 sqft downtown Plano office building for sale.
      910 18Th St, Plano, TX 75074
      View Details
    • $700,000
      0.39 Acres

      Freestanding Office Building in Plano

      Well-maintained office building in Plano, ideal for various uses.
      1225 19Th St, Plano, TX 75074
      View Details
    • $1,000,000
      1,769 SF

      Modern Office Building in Plano

      Recently built office building in a prime Plano location.
      1302 Municipal Ave, Plano, TX 75074
      View Details
    • Contact for pricing
      2,023 SF

      Historic Downtown Plano Commercial Building

      Charming 2,023 SF commercial building in Historic Downtown Plano.
      810 18Th St, Plano, TX 75074
      View Details
    • New
      $1,875,000
      5,326 SF

      Unique Renovated Office in Plano

      Exceptional 5,326 sq ft office property in downtown Plano.
      910 18Th St, Plano, TX 75074
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Space in Plano

      Quality office space with on-site amenities and convenient location.
      101 E Park Blvd, Plano, TX 75074
      View Details
    • Contact for pricing
      25,000 SF

      Richardson Office Space For Lease

      Office space available for lease in Richardson, Texas.
      2200 E President George Bush Hwy, Richardson, TX 75074
      View Details
    • $19 SF/Yr
      6,429 SF

      Plano Office Space For Rent

      Office, medical, and coworking spaces with access to US 75.
      555 Republic Dr, Plano, TX 75074
      View Details
    • Contact for pricing

      Plano Flex, Industrial, Office Space

      Flex, industrial, and office spaces available for lease in Plano.
      1501 Placid&1004 Ave N, 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
      135,587 SF

      Office Space in Assembly Park

      Office space for rent in a walkable, family-friendly environment.
      6200 K Ave, Plano, TX 75074
      View Details
    View Listing
    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.
    701 W 15Th St
    Plano, TX 75075
    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

    Thank You for Inquiry
    701 W 15Th St, Plano, TX, 75075
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!