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    Class A Office Space Available Title is generated by Realmo AI

    5800 Granite Pkwy, Plano, TX

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    Located in Granite Park, Plano, with excellent accessibility.

    Type:OFFICE
    Property size:
    5,570 SF
    Lot size:
    4.44 Acres
    Added:
    Apr 25, 2025
    Days on Market:
    405
    Last Refresh:
    May 20 at 8:35 pm

    Property Features for 5800 Granite Pkwy

    General Information

    Standard status
    Active
    Size
    5,570 SF
    Lot size
    4.44 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 5800 Granite Pkwy Contact us

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    Listing Contact
    Burson Holman
    Burson Holman

    Listing agent Burson Holman

    Listing office Granite Properties - Corporate

    Listing date Apr 25, 2025

    Source Moodyscre

    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 Granite Properties - Corporate

    HighLights

    • Located in Granite Park, a 90‑acre mixed‑use development.
    • Class‑A office space with unobstructed views and excellent accessibility.
    • Access to MOVE | Fitness centers located in Granite Park 2, 3 and 4 at no charge.
    • Conference centers available in Granite Park 1, 3, 4 and 5.
    • Part of TogetherWeConnect® program focused on workplace connections, community involvement, and wellness.
    • 24‑hour security and dual‑feed electrical service.

    Overview

    This Class A office space is situated within the 90-acre mixed-use development of Granite Park, located at the intersection of Dallas North Tollway and Sam Rayburn Tollway in Plano, Texas. The master plan integrates over 3 million square feet of Class-A office space with a 299-room, full-service Hilton Hotel, retail shops, and numerous restaurants. This 10-story office building offers unobstructed views and accessibility to Dallas North Tollway and State Highway 121. Fitness centers are available at no charge in Granite Park 2, 3, and 4. Conference centers are located in Granite Park 1, 3, 4, and 5, available to customers with appropriate booking. Paesano’s Cafe is also on-site. DFW Airport is accessible within a 25-minute drive via State Highway 121. The property is equipped with dual-feed electrical service and supported by 24-hour security. The available space is 5570 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Richie Popp NMLS#626100 Loan Service Whiting-Turner Contracting Construction Company Granite Park VII Corporate Office Airsure Limited LLC: ... Insurance Agency Acer's Golf Golf Course

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Law Firm 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
    -96.8201
    Latitude
    33.0869

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    FAQs

    What type of property is this?
    Office units - Located in Granite Park, Plano, with excellent accessibility.
    Where is this office units located?
    The property is located at 5800 Granite Pkwy Plano, TX.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: Located in Granite Park, a 90‑acre mixed‑use development.; Class‑A office space with unobstructed views and excellent accessibility.; Access to MOVE | Fitness centers located in Granite Park 2, 3 and 4 at no charge.
    (972) 731-2364 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Burson Holman
    Burson Holman
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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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