Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Adaptive Reuse Flex Building Title is generated by Realmo AI

    1717 W Plano Parkway, Plano, TX 75075

    View on Map
    Claim this Listing
    New
    For Sale
    $2,200,000

    COMMERCIAL - Plano, TX

    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 5:06 pm

    Property Features for 1717 W Plano Parkway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    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# 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.

    HighLights

    • 9,800 SF building at 1717 W Plano Parkway in Plano, formerly a specialty school
    • Built in 1979 with brick construction
    • Flexible use for retail, industrial, office, and flex space
    • Former educational build‑out with ready‑made classrooms and offices
    • Gated parking plus carport on‑site
    • Public sewer and creek waterfront feature

    Overview

    This versatile 9,800 square foot building, built in 1979, was formerly a specialty school and is well suited for adaptive reuse. The existing configuration includes ready-made classrooms and offices, supporting a range of commercial conversions without starting from scratch. With a flexible layout designed to handle showrooms, workshops, or office-focused tenants, the property offers an adaptable platform for mixed-use strategies where space needs vary by user.

    The building is positioned at 1717 W Plano Parkway on a centrally located commercial corridor, offering strong visibility to passing traffic. The property also benefits from ample parking, which is important for customer-facing retail users as well as workforce-heavy industrial and flex operations. Set on 1.62 acres, the site size and layout provide room for practical day-to-day access and tenant operations.

    For buyers and operators, this is a strong candidate when you want a property that can transition between office, flex, or light industrial-style environments while leveraging an existing educational build-out. Prospective tenants evaluating retail, industrial, office, or flex space should find the layout particularly useful, given the presence of classroom-style rooms and office areas that can be reconfigured to fit modern workflows.
    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
    -96.721861
    Latitude
    33.007576

    Nearby Similar for Sale

    • $650,000
      1,650 SF

      Modern Fully Furnished Office Condo

      Move-in ready office condo with multiple rooms, conference space, and restrooms—positioned for strong visibility on McDermott Road.
      4686 Mcdermott Road, Plano, TX 75024
      View Details
    • $2,300,000

      Spacious Office Building

      Well-suited for professional services with executive offices, abundant natural light, and three private bathrooms.
      5212 Village Creek Dr, Plano, TX 75093
      View Details
    • $1,875,000

      Downtown Office Building with Flex Layout

      Renovated, owner-occupied office building offers a front office area, expansive rear workspace, and flexible second-floor team space.
      910 18th Street, Plano, TX 75074
      View Details
    • $595,000

      Office and Medical Office Suite

      Move-in ready suite with double-wing layout, renovated restroom, and a fully equipped kitchen for professional and service uses.
      5805 Coit Road, Plano, TX 75093
      View Details
    • $110,000
      1,425 SF

      Filipino Restaurant for Sale

      Well-established Filipino restaurant with a cafeteria-style dining flow and updated kitchen equipment, ready for new ownership.
      909 Spring Creek Parkway, Plano, TX 75023
      View Details
    • $145,000

      Fully Equipped Restaurant Opportunity

      Ready-to-open restaurant with included FF&E in a busy retail center with strong highway visibility.
      8700 Preston Road, Plano, TX 75024
      View Details
    • $700,000

      Freestanding Office Building with Parking

      Well-maintained office building with private offices, open work areas, and ample on-site parking for medical or professional use.
      1225 19th Street, Plano, TX 75074
      View Details
    • $549,900

      Updated 3BR Duplex Investment

      Fully leased duplex with recent HVAC and interior upgrades and near-term lease rollover for flexible future use.
      1804 Bristol Cove, Plano, TX 75074
      View Details
    • $895,000
      2,607 SF

      Plano Condo/Medical Office Space

      Condo/Medical office with 7 offices near retail and hospitals.
      5172 Village Creek Drive 102, Plano, TX 75093
      View Details
    • $457,500

      Turnkey Fully Renovated Duplex

      Vacant, fully renovated two-unit duplex with two 2-bed, 2-bath homes—ideal for house-hacking or immediate rental income.
      1729 R Avenue, Plano, TX 75074
      View Details
    • $457,500

      Turnkey Renovated Duplex

      Fully renovated two-unit duplex with modern finishes and vacant units ready for owner-occupancy or immediate leasing.
      1721 R Avenue, Plano, TX 75074
      View Details
    • $650,000
      1,650 SF

      Modern Office Condo For Sale

      Furnished office condo in prime location with high visibility.
      4686 Mcdermott Road 202, Plano, TX 75024
      View Details

    FAQs

    What type of property is this?
    Flex space - Former specialty school with flexible classroom and office layout, ready to adapt for retail, office, industrial, or flex uses.
    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; Flexible use for retail, industrial, office, and flex space
    (214) 212-6756
    We can help!
    Listing Contact
    Mike Lester
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1717 W Plano Parkway, Plano, TX 75075
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!