Flex Building with Office
For Sale
$2,200,000
1717 W Plano Parkway, Plano, TX 75075
CommercialSale, Plano, TX
Property Size9,800 SF
Lot Size1.62 Acres
Price / SF$224.49
Days on Market95
Property Features for 1717 W Plano Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Light Industrial
Parking features
Carport, Gated
Subdivision
Wind Rose Add
Directions
Use your gps on your phone (:
Standard status
Active
APN
R1209700A00101
Lot size
1.62 Acres
Taxes and HOA fees
Tax Description
WIND ROSE ADDITION (CPL), BLK A, LOT 1
Tax Annual Amount
35524
Legal Description
WIND ROSE ADDITION (CPL), BLK A, LOT 1
Utilities
Sewer type
Public Sewer
Cooling system
Electric
Water front features
Creek
Water front
1
Building Details
Year built
1979
Floors in Building
1
Number of units
1
Building materials
Brick
Listing Agency:
James Lester
Listed By:
Mike Lester
(214) 212-6756
Added: Jun 2
Changed: Aug 25
Last Checked: Sep 4 at 6:06PM
MLS# 21289377
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9,800-square-foot flex property at 1717 W Plano Parkway includes a prior specialty-school layout with classrooms and offices. The configuration supports continued educational use or adaptation for office, showroom, workshop, retail, or other flex-oriented operations, subject to applicable approvals. Brick construction, electric cooling, gated parking with carport spaces, and public sewer service are in place.
Constructed in 1979, the building occupies 1.62 acres and includes a creek waterfront feature. Its existing room-based layout provides a defined starting point for an owner or user seeking a commercial building with a combination of work, administrative, and customer-facing areas.
Constructed in 1979, the building occupies 1.62 acres and includes a creek waterfront feature. Its existing room-based layout provides a defined starting point for an owner or user seeking a commercial building with a combination of work, administrative, and customer-facing areas.
Key Highlights
- 9,800‑square‑foot flex building on 1.62 acres
- Prior specialty‑school layout includes classrooms and offices
- Built in 1979 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,273,580
$1.3M
Cap Rate 7%
$909,700
$909.7K
Cap Rate 9%
$707,544
$707.5K
Market Conditions
NOI Build-Up for 9,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.3K $9.72/SF
− Vacancy
−$4.3K −$0.44/SF
EGI
$91.0K $9.28/SF
− OpEx
−$27.3K −$2.78/SF
NOI
$63.7K $6.50/SF
Area
Plano, TX
Vacancy
4.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,273,580
Cap Rate 7%
$909,700
Cap Rate 9%
$707,544
Alternative Uses
Best Use
Industrial
$909.7K
$796.0K – $1.06M
NOI $63,679 @ 7.0% cap · market cap 2.89%
Second Best
Retail
$907.8K
$794.3K – $1.06M
NOI $63,545 @ 7.0% cap · market cap 2.89%
Theoretical Best
Multifamily LT 5
$2.26M
$1.97M – $2.63M
NOI $157,997 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75075, TX
36,600
Population
16,262
Households
2.3
Avg Household Size
41
Median Age
50%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
3,773
Density / Sq Mi
$91,517
Median Household Income
$52,749
Median Earnings
$1,653
Median Rent
$390,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Brick commercial building with classroom and office areas, gated parking, electric cooling, and public sewer service.
Where is this flex space located?
The property is located at 1717 W Plano Parkway Plano, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 9,800‑square‑foot flex building on 1.62 acres; Prior specialty‑school layout includes classrooms and offices; Built in 1979 with brick construction
