701 W Parker Rd Plano, TX 75023
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14-yr Hold
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701 W Parker Rd, Plano, TX 75023
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Estimated value (blended)
$360k
Range $324k – $396k (±10%)
Property ID
US82-2313696
Property summary
AI-generated overview
The property is a single-story, freestanding retail building measuring approximately 2,497 square feet, located on a heavily traveled commercial corridor just west of Highway US-75. It is configured for retail use and is occupied under an absolute NNN lease arrangement. The surrounding area includes major national retailers such as Target, Comerica, Burlington, Taco Bell, Jack in the Box, and other local and national businesses.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Total area
2,800 SF
Lot
0.41 ac (18,012 SF)
Zoning code
LC
APN
R-0454-001-0010-1
UPID
US82-2313696
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
-
Restaurant
-
Shopping Center & Mall
-
Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$360k
Owner & transaction history
since 2011
1 recorded transaction
Zoning & alternative use
LC · Plano, TX
Zoning description
The LC district is intended to provide for a wide array of retail, office and service uses to meet the needs of local residents and businesses.
General category
COMMERCIAL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$360k
Value range
$324k – $396k
±10% around blend
Estimated value / SF
$129 / SF
Confidence
Low
3 county-verified comps
Property data
88
Comparable evidence
30
Income certainty
100
$324k
blend $360k
$396k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,800 SF
Lot area
0.41 ac
Year built
1974
Stories
1
APN
R-0454-001-0010-1
Assessed value
$663,448
Annual tax
$11,794
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$11,794
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.37M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.9 mi away · 2,692 SF
9.1 mi away · 3,146 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$360k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
1.35%
Selected cap rate for this other commercial real estate
Derived from the Plano market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$16k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.20M
Move the market yield to see immediate price impact.
Value / SF
$428
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
0.85%1.35%1.85%
$15k
$1.71M
$1.08M
$788k
$16k
$1.90M
$1.20M
$875k
$18k
$2.10M
$1.32M
$963k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.54M
3.9 mi · May 2026 · $489/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,794
Tax year 2022
Assessed value
$663,448
Assessed 2023
Previous assessed
$617,149
+7.5% YoY
Effective rate
1.78%
On assessed value
Assessed land
$324,216
Assessed improvement
$339,232
Land market value
$324,216
Improvement market value
$339,232
Total market value
$663,448
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1974
Heating
NONE
Stories
1
Total area
2,800 SF
Lot
0.41 ac (18,012 SF)
Zoning code
LC
APN
R-0454-001-0010-1
UPID
US82-2313696
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
LC · Plano, TXZoning LC · permitted uses
LC · Plano, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The LC district is intended to provide for a wide array of retail, office and service uses to meet the needs of local residents and businesses.
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
1
Lot
0.41 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
LC
COMMERCIAL
Jurisdiction
Plano, TX
Recorded code
LC
Official district
LC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LC in Plano, TX.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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