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$486,986

1605 L Ave, Plano, TX, 75074

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths1,572 Sq Ft
OfficeOffice
price_per_sqft$349.87 / sqft
Year BuiltBuilt in 1963

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
FlooringConcrete, Wood

Exterior

Lot Size8,093 sqft

Building Information

Year Built1963
Stories1
Garage Spaces2

Land Information

APNR-0160-007-004A-1
Lot Number4A
SubdivisionClint Forman Addition (Cpl)
Land UseCommercial
Legal DescriptionCLINT FORMAN ADDITION (CPL), BLK 7, LOT 4A
Census Tract032003
Assessed Land Value$129,495
Assessed Improvement Value$357,491
Assessment Year2025

About this property

OFFICE BUILDING FOR OVER 25 YEARS, 2 BEDROOMS USED PRIVATE OFFICES, LIVING ROOM WAS USED FOR TWO LARGE DESKS, GARAGE FLOOR RAISED TO LEVEL OF THE PIER AND BEAM FLOOR FOR FULL HOUSE. THE GARAGE COULD BE A LARGE WORK AREA. THE OFFICE DOES HAVE CENTRAL HEAT AND AIR WITH NEITHER IS IN WORKING CONDITION. A LARGE PARKING LOT AT THE REAR OF THE PROPERTY. THE FORMER ALLEY ON THE SOUTH SIDE OF THE PROPERTY WAS PURCHASED FROM THE CITY OF PLANO AND ADDS 1789 SQ FT PER THE SURVEY. PROPERTY IS BEING SOLD AS IS.

Investor Tools

Property Icon
$486,986
Estimated Property Value
$0Estimated Mortgage Balance
$486,986Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$795/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$486,986
2025
$129,495
$357,491
$486,986
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$486,986

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$486,986
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Plano

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1605 L Ave | Property Details | No Agent List