3915 Mcdermott RdPlano, TX 75025

Property Details for 3915 Mcdermott Rd

Year built

2012

Lot size

1.45 AC

Property size (Sq ft)

13,200 SF

Zone code

R

Property type

Office buildings

APN

R-8985-001-0040-1

APU

R898500100401

Description

This exceptional 13,200 square foot single-story office building is situated on a 1.45-acre lot at 3915 McDermott Road in Plano, Texas. Boasting excellent retail-type exposure on McDermott Road, this property offers significant visibility and accessibility. Currently configured as a single-tenant building, it provides the flexibility to be easily adapted for multi-tenant occupancy, catering to a variety of business needs. The building will be delivered vacant upon sale, presenting a unique opportunity for an owner-user or investor seeking a prime location in a thriving market. Ample parking is provided with a generous ratio of 5 spaces per 1,000 square feet. The property is zoned R-Retail and PD-434, allowing for a wide range of uses including office, medical office, professional services, retail stores, shopping centers, banks, business services, restaurants, veterinary clinics, and more. This versatile property presents a compelling investment opportunity in a highly desirable Plano location. The asking price is $5,280,000. The substantial lot size and flexible zoning make this an ideal location for a variety of commercial ventures. Its prominent location and ample parking ensure high visibility and convenience for tenants and customers alike.

• CAP approach

  CAP return

  Valuation

  6%

  $2,906,991

  6.5%

  $2,683,376

  7%

  $2,491,706

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,930,652

  Geo Method

  $1,588,224

• Alternative Use

  Use

  Valuation

  Residential

  $3,327,386

  Hospitality

  $3,047,868

  Educational

  $2,535,790

  Medical

  $2,623,000

  Retail

  $3,944,563

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

33.1018

Longitude

-96.7699

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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