555 Republic DrPlano, TX 75074

Property Details for 555 Republic Dr

Year built

1984

Lot size

4.34 AC

Property size (Sq ft)

112,035 SF

Zone code

LC

Property type

Office buildings

APN

R-1730-001-0010-1

APU

R173000100101

Description

555 Republic Drive in Plano, Texas, offers a diverse range of office spaces, perfect for businesses of all sizes. This Class B, five-story building, constructed in 1984, boasts a total of 103,614 square feet, with 17,574 square feet currently vacant. Units range from a minimum of 108 square feet to a maximum contiguous space of 7,436 square feet, accommodating various business needs. The building features a recently upgraded lobby with polished tile floors, creating a professional and welcoming atmosphere. Tenants benefit from convenient on-site property management and leasing services, ensuring a smooth and efficient experience. High-speed elevators provide easy access to all floors. Ample surface parking is available, with a ratio of 3.44 spaces per 1,000 square feet. The strategic location in Plano, Texas, offers easy access to major transportation arteries, including Central Expressway (US Hwy 75) and the George Bush Turnpike, placing businesses within close proximity to a vibrant network of restaurants, retail establishments, and hotels. This property is ideal for businesses seeking a well-maintained, conveniently located, and affordable office space in the thriving city of Plano. The building accommodates multiple tenants and offers both executive and traditional office spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $24,673,084

  6.5%

  $22,775,156

  7%

  $21,148,358

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,386,412

  Geo Method

  $13,480,051

• Alternative Use

  Use

  Valuation

  Residential

  $28,241,192

  Hospitality

  $25,868,780

  Educational

  $21,522,522

  Medical

  $22,262,714

  Retail

  $33,479,478

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

33.0313

Longitude

-96.7052

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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