Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3901 W Parker Rd Plano, TX 75023

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Excellent retail space with high visibility in central Plano.

    Property size:
    6,000 SF

    Property Features for 3901 W Parker Rd

    General Information

    Size
    6,000 SF

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    George Tanghongs, SIOR, CCIM
    Source: Lee-associates

    Listing Agent: George Tanghongs, SIOR, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Retail Space in Plano

    This 6,000-square-foot retail space is located in the heart of Plano at a heavily traveled intersection. The property offers excellent visibility on W Parker Road near Coit Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Payday Loans Cash Loan Agency Win Foot Spa Massage Spa

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7685255
    Latitude
    33.0416707

    Nearby Similar for Sale

    • $5,920,000
      1.34 Acres

      West Plano Freestanding Office Building

      Two-story office building in prime West Plano location.
      5808 W Plano Pkwy, Plano, TX 75093
      View Details
    • $1,100,000
      0.30 Acres

      Modern Office Asset in Plano

      Contemporary office building in Plano, TX, designed for efficiency.
      1805 K Ave, Plano, TX 75074
      View Details
    • $2,300,000
      0.66 Acres

      Office Building in Plano, TX

      Spacious office building suitable for title, law, or real estate.
      5212 Vlg Crk Dr Dr, Plano, TX 75093
      View Details
    • $650,000
      1,650 SF

      Furnished Office Condo in Plano

      Move-in ready office condo in a prime Plano location.
      4686 Mcdermott Rd, Plano, TX 75024
      View Details
    • $525,000
      2.69 Acres

      Refurbished Office Condo in Plano

      Prime Plano office space, recently refurbished, ready for occupancy.
      5805 Coit Rd, Plano, TX 75093
      View Details
    • $1,825,000
      0.47 Acres

      Downtown Plano Renovated Office

      Renovated office building in downtown Plano with flexible workspace.
      910 18Th St, Plano, TX 75074
      View Details
    • $130,000
      1,425 SF

      Established Filipino Restaurant in Plano

      Well-established Filipino restaurant in Plano, Texas with strong following.
      909 Spring Creek Pkwy, Plano, TX 75023
      View Details
    • $1,450,000
      0.92 Acres

      Plano Childcare Building For Sale

      Fully furnished childcare building in Plano, ready for immediate occupancy.
      3929 Alma Dr, Plano, TX 75023
      View Details
    • $2,490,000
      3.42 Acres

      Plano Office with Grand Lobby

      Office space with flexible layout near amenities in Plano, TX.
      3020 Communications Pkwy, Plano, TX 75093
      View Details
    • $165,000
      25.06 Acres

      Restaurant in Preston Village Shopping

      Fully equipped restaurant in a high-traffic Plano location.
      8700 Preston Rd, Plano, TX 75024
      View Details
    • $5,520,000
      24,830 SF

      Plano Auto Repair Investment Opportunity

      NNN leased auto repair shop in Plano, Texas for sale.
      4420 Tradition Trl, Plano, TX 75093
      View Details
    • $274,600
      1,224 SF

      Renovated Condo with Greenbelt Views

      Updated condo in West Plano with outdoor living and modern amenities.
      2204 W Park Blvd, Plano, TX 75075
      View Details

    FAQs

    What type of property is this?
    Retail space - Excellent retail space with high visibility in central Plano.
    Where is this retail space located?
    The property is located at 3901 W Parker Rd Plano, TX.
    What are key features of this property?
    This property features: - Excellent space in the heart of Plano; - Heavily traveled intersection; - Excellent visibility on W Parker Road, great for attracting customers
    (214) 718-1817
    Request Owner's contact information
    3901 W Parker Rd Plano, TX 75023
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3901 W Parker Rd
    Plano, TX 75023
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    3901 W Parker Rd Plano, TX 75023
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    George Tanghongs, SIOR, CCIM
    (214) 718-1817
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.