Flexible Office Unit with Open Floor
For Sale
Contact for pricing
1101 Plano Parkway, Plano, TX 75075
Professional suite with a private office, two restrooms, and adaptable workspace for office, service, or light medical use.
Property Size4,552 SF
Price / SF$0.01
Days on Market91
Property Features for 1101 Plano Parkway
General Information
Standard status
Active
Size
4,552 SF
Property subtype
Commercial
Building Details
Year Built
2016
Listing Agency:
Keller Williams Central
(469) 667-9832
Listed By:
Rebecca Kuhl · License #0636848,TEXAS
(469) 467-7755
Source:
Dallasandbeyond
Added: Jul 26
Changed: Oct 13
Last Checked: Oct 23 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Central
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Investment Insights
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This 1,764-square-foot office unit combines a private executive office near the entrance with a broad open area that can accommodate workstations, collaborative space, showroom functions, or training. Two restrooms are located within the suite, supporting day-to-day operations for professional office, service, or light medical users. The property was built in 2016.
The suite is situated one block from the Collin Creek Mall redevelopment in Plano, with access to US-75 and the President George Bush Turnpike. Intended uses must be permitted by the City of Plano, and users are responsible for confirming their proposed use with the city.
The suite is situated one block from the Collin Creek Mall redevelopment in Plano, with access to US-75 and the President George Bush Turnpike. Intended uses must be permitted by the City of Plano, and users are responsible for confirming their proposed use with the city.
Key Highlights
- 1,764 SF office suite with a large open floor plan
- Private executive office positioned near the entry
- Two restrooms located within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,117
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,340
$302.3K
Cap Rate 7%
$215,957
$216.0K
Cap Rate 9%
$167,967
$168.0K
Market Conditions
NOI Build-Up for 4,552 SF
Gross rent
$24.6K $5.40/SF
− Vacancy
−$4.4K −$0.97/SF
EGI
$20.2K $4.43/SF
− OpEx
−$5.0K −$1.11/SF
NOI
$15.1K $3.32/SF
Area
Plano, TX
Vacancy
18.00%
Lease Rate
$5.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,340
Cap Rate 7%
$215,957
Cap Rate 9%
$167,967
Alternative Uses
Best Use
Office B
$216.0K
$189.0K – $252.0K
NOI $15,117 @ 7.0% cap · market cap 65,726.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.05M
$917.4K – $1.22M
NOI $73,388 @ 7.0% cap · market cap 319,078.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,550
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Professional suite with a private office, two restrooms, and adaptable workspace for office, service, or light medical use.
Where is this office unit located?
The property is located at 1101 Plano Parkway Plano, TX.
What are key features of this property?
This property features: 1,764 SF office suite with a large open floor plan; Private executive office positioned near the entry; Two restrooms located within the suite
