513 Plano RdGarland, TX 75042

Property Details for 513 Plano Rd

Year built

2011

Construction

TILT-UP CONCRETE

Lot size

0.53 AC

Property size (Sq ft)

12,892 SF

Zone code

Z239

Property type

Office buildings

APN

26649660010010100

APU

26649660010010100

Description

This exceptional Class A office building, totaling 12,892 square feet, presents a unique full-building opportunity in Garland, Texas. Built in 2011, this two-story structure sits on a 23,174 square foot lot at 513 N Plano Rd, at the northwest corner of Plano Road and Walnut Street, zip code 75042. The property features a single-tenant occupancy, with the entire space currently vacant. The building boasts a modern design, including a spacious open floor plan complemented by private offices. Amenities include a break room with tiled flooring and stainless steel appliances, and a striking lobby with floor-to-ceiling windows extending across both floors. Access to the second floor is provided by both a staircase and a single elevator, capable of carrying 6-8 passengers. Ample parking is available with 39 spaces. The building is powered by Garland's utility grid. Previous use as a bank office makes this space ideal for a variety of professional uses, including medical offices, meeting rooms, urgent care facilities, or training centers. This is a remarkable opportunity to acquire a high-quality, well-located office building in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,388,214

  6.5%

  $2,204,505

  7%

  $2,047,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,586,302

  Geo Method

  $1,551,166

• Alternative Use

  Use

  Valuation

  Residential

  $2,733,586

  Hospitality

  $2,503,950

  Educational

  $2,083,257

  Medical

  $2,154,904

  Retail

  $3,240,622

Location Insight

City

Garland

County

Dallas

State

Texas

Latitude

32.9173

Longitude

-96.701

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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