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Property profile & analytics
FOR LEASE
Commercial real estate
721 N Central Expy, Plano, TX 75075
Entity Owned
15-yr Hold
Free & Clear
Property ID
US82-1843452
For Lease
1 / 6
$9,350,000
721 N Central Expy, Plano, TX 75075
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1990
Total area
114,880 SF
Lot
8.38 ac (365,076 SF)
Zoning code
R
APN
R-2456-006-002R-1
UPID
US82-1843452
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Total Wine & More Specialty Food Shop Wine and Liquor Store
-
Marshalls T-Shirt Store Women'S Clothing Store
-
Mary Kay Cosmetic Store
-
MARY KAY Vocational School Training Center
-
Petticoat Fair Plano (Bike/Boat/Book/etc) Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.72M
Comparable Approach
Comparable
$8.99M
Blend (final)
Blend
$9.35M
Owner & transaction history
Lhct-ls Partners LP · 15 yrs held
Lhct-ls Partners LP
since 2010
2 recorded transactions
Zoning & alternative use
R · Plano, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Plano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plano submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,525,000
6.5%
$9,715,000
7%
$9,025,000
Blend value · Realmo final
$9.35M
Range $8.42M – $10.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$317,040
Tax year 2022
Assessed value
$19,211,233
Assessed 2023
Previous assessed
$16,590,166
+15.8% YoY
Effective rate
1.65%
On assessed value
Assessed land
$10,222,138
Assessed improvement
$8,989,095
Land market value
$10,222,138
Improvement market value
$8,989,095
Total market value
$19,211,233
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1990
Heating
NONE
Stories
1
Total area
114,880 SF
Lot
8.38 ac (365,076 SF)
Zoning code
R
APN
R-2456-006-002R-1
UPID
US82-1843452
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
R · Plano, TX
Zoning R · permitted uses
R · Plano, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Plano. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
1
Lot
8.38 ac
Current owner
From public records · entity-resolved
Lhct-ls Partners LP
Entity
Free & Clear · 15 yrs held
Mailing address
2101 CEDAR SPGS RD STE #1600, DALLAS, TX 75201-2148
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2010
—
Lhct-ls Partners LP
Lyda Hunt-caroline Trust-lauri
Grant Deed
related
—
Sep 21, 2009
—
Lyda Hunt-caroline Trust-john
Lyda Hunt-caroline Trust-david
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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