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

    801 Plano Pkwy Plano, TX 75074

    • Office buildings
    • 82,120 SF
    • 4.15 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Dec 17, 2021
    Value Estimations
    $590,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3679534
    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

    • Dr. Leigh Nguyen / Internist / Practitioner Service Location
    • Southwest Veterinary Symposium / Event Management Company
    • Hussien Elsiesy, MD / Hepatologist
    • PHS / Home Health Care Service
    • Texas Best Care Hospice / Home Health Care Service / Hospice

    Property Details for 801 Plano Pkwy

    Year built
    1983
    Lot size
    4.15 lot acres
    Property size
    82,120 SF
    Zone code
    LI-1
    Property type
    Office buildings
    APN
    R-0717-001-0010-1
    APU
    R071700100101

    Description

    Parkway Square, located at 801 E Plano Pkwy in Plano, Texas, offers exceptional executive office space for lease. This two-story building boasts a total of 36,443 square feet, with 11,688 square feet currently vacant and available for immediate occupancy. The building features multiple tenancies, allowing for flexibility in space requirements. Units range from a minimum of 932 square feet to a maximum contiguous space of 2,236 square feet, providing options for businesses of various sizes. Seven individual spaces are currently available. The building is conveniently located in Collin County, Texas, with easy access to major transportation routes. Modern amenities include elevators for convenient access to all floors. This prime location in Plano, zip code 75074, offers a prestigious address and a thriving business environment. The property is ideal for businesses seeking a professional and efficient workspace in a desirable area. Contact us today to schedule a viewing and secure your ideal office space within this impressive building. This is a fantastic opportunity to establish your business in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.702
    Latitude
    33.008
    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
    $118,879
    $2,169,183
    $4,288,017
    $6,457,200
    -
    $2,169,183
    $4,288,017
    $6,457,200

    Comparable in this City

    • Value Estimation
      $695,000
      15,917 SF

      550 15th St

      OFFICE BUILDING • 15,917 SF
      550 15th St, Plano, TX 75074-5869
      View Details
    • Value Estimation
      $300,000
      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
      $315,000
      3,150 SF

      708 15th St

      OFFICE BUILDING • 3,150 SF
      708 15th St, Plano, TX 75074-0712
      View Details
    • Value Estimation
      $550,000
      14,658 SF

      903 18th St

      OFFICE BUILDING • 14,658 SF
      903 18th St, Plano, TX 75074-5899
      View Details
    • Value Estimation
      $230,000
      3,698 SF

      1301 19th St

      OFFICE BUILDING • 3,698 SF
      1301 19th St, Plano, TX 75074-5933
      View Details
    • Value Estimation
      $375,000
      3,631 SF

      1512 Central Expy

      OFFICE BUILDING • 3,631 SF
      1512 Central Expy, Plano, TX 75074-5714
      View Details

    Similar Nearby for Sale

    • 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
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    • $1,000,000
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      Modern Office Building in Plano

      Recently built office building in a prime Plano location.
      1302 Municipal Ave, 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
    • $1,100,000
      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
      0.47 Acres

      Downtown Plano Renovated Office

      Renovated office building in downtown Plano with flexible workspace.
      910 18Th St, Plano, TX 75074
      View Details
    • $1,375,000
      5,834 SF

      Plano Historic Landmark Office Building

      Historic Downtown Plano Office & Retail
      1617 K Ave, Plano, TX 75074
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    Similar Nearby for Lease

    • $34 SF/Yr
      1,200 SF

      Plano Gateway Medical Office

      1,200 SF, Class A, Move-In Ready
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      View Details
    • Contact for pricing
      126,485 SF

      Plano Flex Space - Jupiter Center

      19,386 SF Flex/Warehouse Space Available
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      Dobie Plaza Medical Office Suites

      Plano, TX Medical Office Space Available
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    • $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
    • Contact for pricing
      159,958 SF

      Plano Flex/Warehouse Space Available

      Prime Plano location, multiple suites, 159,958 SF total.
      600-608 Development Dr, Plano, TX 75074
      View Details
    • Contact for pricing
      752 SF

      Plano Office Space Available

      Office space featuring a reception area and three private offices.
      850 E Central Pkwy, Plano, TX 75074
      View Details
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    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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