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    Former Specialty School Flex Building Title is generated by Realmo AI

    1717 W Plano Parkway, Plano, TX 75075

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    New
    For Sale
    $2,200,000

    SINGLE_FAMILY - Plano, TX

    Type:Office
    Property size:
    9,800 SF
    Lot size:
    1.62 Acres
    Price / SF:
    $224/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 1717 W Plano Parkway

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Gated, Carport
    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

    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

    We can help!

    Listing Contact
    Mike Lester

    Listing agent Mike Lester

    Listing office James Lester Dallas, TX

    Listing date Jun 2, 2026

    MLS# 21289393

    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.

    HighLights

    • 9,800 SF building at 1717 W Plano Parkway in Plano, formerly a specialty school
    • Built in 1979 with brick construction and electric cooling
    • Flexible use potential for retail, industrial, office, and flex space
    • Includes prior educational build‑out with ready‑made classrooms and offices
    • Parking includes gated access and carports
    • Waterfront feature: creek; sewer service available via public sewer

    Overview

    This versatile flex building was constructed in 1979 and has served as a specialty school, giving it a workable internal configuration for a variety of commercial uses. The property includes existing classrooms and office spaces, which can support everything from showroom-style environments and workshops to office-focused operations and mixed-use concepts. With a flexible layout designed for adaptation, the building offers a solid foundation for tenants or investors looking to reposition an education-built facility for current demand.

    The property is positioned at 1717 W Plano Parkway in Plano on a centrally located commercial corridor. It benefits from strong visibility and ample parking, both of which are important for customer-facing retail and showroom activity as well as for day-to-day workforce access.

    For buyers or operators, the ready-made educational build-out can help reduce initial space planning and speed up early improvements. The combination of flexible space, existing office areas, and on-site parking makes the asset particularly appealing for adaptive reuse projects that can take advantage of its classroom and administrative footprint while tailoring the remainder of the layout to the specific needs of retail, industrial, office, or flex tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Concept Connections Medical Clinic Wind Rose Academy High School Nina Allen Physician Lauren Upchurch Physician Jordan Barbee Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.721905
    Latitude
    33.008015

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    FAQs

    What type of property is this?
    Flex space - A 1979-built, flexible building with ready-made classroom and office layouts, ample parking, and strong corridor visibility.
    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 SF building at 1717 W Plano Parkway in Plano, formerly a specialty school; Built in 1979 with brick construction and electric cooling; Flexible use potential for retail, industrial, office, and flex space
    (214) 212-6756
    We can help!
    Listing Contact
    Mike Lester
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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