812 Lexington DrPlano, TX 75075

Property Details for 812 Lexington Dr

Year built

1978

Lot size

0.55 AC

Property size (Sq ft)

7,480 SF

Zone code

LC

Property type

Office buildings

APN

R-0547-001-0010-1

APU

R054700100101

Description

This exceptional 7,480 square foot free-standing office building presents a unique investment opportunity in Plano, Texas. Strategically located just one block from the intersection of Parker Road and US Highway 75, this property enjoys unparalleled visibility and accessibility, situated next to a Target store. The building's two levels offer a versatile layout perfect for a single owner or corporate entity seeking to establish a strong brand presence. The interior boasts a well-balanced mix of executive offices, boardrooms, and open workspaces, catering to diverse operational needs. Both levels are conveniently equipped with restrooms and kitchen facilities. Ample parking is provided, exceeding industry standards with a ratio of 3.74 spaces per 1,000 square feet. The property sits on a 0.55-acre lot and is zoned Corridor Commercial (CC), allowing for retail, service, office, and limited manufacturing uses. This presents a rare opportunity to acquire a high-quality, well-located office building in a thriving Plano market. The asking price is $1,650,000. This property is ready for immediate occupancy and offers significant potential for growth and return on investment. Don't miss this chance to own a premier commercial property in a prime Plano location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,647,295

  6.5%

  $1,520,580

  7%

  $1,411,967

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,094,036

  Geo Method

  $899,994

• Alternative Use

  Use

  Valuation

  Residential

  $1,885,519

  Hospitality

  $1,727,125

  Educational

  $1,436,948

  Medical

  $1,486,367

  Retail

  $2,235,252

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

33.037

Longitude

-96.709

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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