Versatile Flex and Office
For Sale
$2,200,000
1717 W Plano Parkway Plano, Plano, TX 75075
Built in 1979, this 9,800-square-foot building offers flexible classroom-and-office layout for retail, industrial, or flex use.
Property Size9,800 SF
Price / SF$224.49
Days on Market27
Property Features for 1717 W Plano Parkway Plano
General Information
Standard status
Active
Size
9,800 SF
Zoning
Light Industrial
Taxes and HOA fees
Annual Taxes
$35,524
Building Details
Building Size
9,800 SF
Year Built
1979
Stories
1
Listing Agency:
(800) 683-5651
Listed By:
Travion Brown
(800) 683-5651
Source:
Jparhouston
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 8 at 3:29AM
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 Travion Brown
Investment Insights
Based on property information with market context.
Located at 1717 W Plano Parkway, this versatile 9,800-square-foot building was built in 1979 and previously operated as a specialty school. The prior educational build-out includes ready-made classrooms and offices, supporting adaptive reuse across a range of commercial formats.
Positioned on a centrally located commercial corridor, the property is described as offering excellent visibility and ample parking. Its flexible layout is intended to accommodate a mix of uses such as showrooms, workshops, modern office suites, or other mixed-use tenant configurations.
The building’s structure and existing interior configuration make it well-suited for tenants or buyers looking for an adaptable space that can be reconfigured beyond a traditional single-purpose layout.
Positioned on a centrally located commercial corridor, the property is described as offering excellent visibility and ample parking. Its flexible layout is intended to accommodate a mix of uses such as showrooms, workshops, modern office suites, or other mixed-use tenant configurations.
The building’s structure and existing interior configuration make it well-suited for tenants or buyers looking for an adaptable space that can be reconfigured beyond a traditional single-purpose layout.
Key Highlights
- 9,800 SF building at 1717 W Plano Parkway in Plano, built in 1979
- Flexible layout suitable for retail, industrial, office, and flex space
- Previously a specialty school with ready‑made classrooms and offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,273,580
$1.3M
Cap Rate 7%
$909,700
$909.7K
Cap Rate 9%
$707,544
$707.5K
Market Conditions
NOI Build-Up for 9,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.3K $9.72/SF
− Vacancy
−$4.3K −$0.44/SF
EGI
$91.0K $9.28/SF
− OpEx
−$27.3K −$2.78/SF
NOI
$63.7K $6.50/SF
Area
Plano, TX
Vacancy
4.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,273,580
Cap Rate 7%
$909,700
Cap Rate 9%
$707,544
Alternative Uses
Best Use
Industrial
$909.7K
$796.0K – $1.06M
NOI $63,679 @ 7.0% cap · market cap 2.89%
Second Best
Retail
$907.8K
$794.3K – $1.06M
NOI $63,545 @ 7.0% cap · market cap 2.89%
Theoretical Best
Multifamily LT 5
$2.26M
$1.97M – $2.63M
NOI $157,997 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Just Wangs and Thangs — 821 N Central Expy, Plano, TX 75075
Frequently Asked Questions
What type of property is this?
Flex space - Built in 1979, this 9,800-square-foot building offers flexible classroom-and-office layout for retail, industrial, or flex use.
Where is this flex space located?
The property is located at 1717 W Plano Parkway Plano 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, built in 1979; Flexible layout suitable for retail, industrial, office, and flex space; Previously a specialty school with ready‑made classrooms and offices
