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    Second-Generation Medical Office Suite Title is generated by Realmo AI

    2145 W Park Boulevard, Plano, TX 75075

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    For Lease
    $17 SF/Yr $2,177/Mo (calc)

    Ready-to-occupy medical suite with reception, exam rooms, private offices, and administrative space for clinical and wellness uses.

    Property size:
    1,537 SF
    Added:
    Jun 5, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 4:27 am

    Property Features for 2145 W Park Boulevard

    General Information

    Standard status
    Active
    Size
    1,537 SF

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Michelle Rawls
    Michelle Rawls

    Listing agent Michelle Rawls License #0637763

    Listing office Keller Williams Realty

    Listing date Jun 5, 2026

    Source Signaturere

    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 Realty

    HighLights

    • Year built: 1978
    • Ready‑to‑occupy medical office suite previously used as a veterinarian clinic
    • Includes a reception area plus multiple exam rooms
    • Features private offices and dedicated administrative space
    • Configured to support patient flow and day‑to‑day operations
    • Ample parking with easy patient/staff access and proximity to major thoroughfares

    Overview

    This well-appointed second-generation medical office suite is designed for healthcare and wellness providers looking for a functional, professional space that can open quickly. The layout includes a welcoming reception area, multiple exam rooms, private offices, and dedicated administrative space. It was previously occupied by a veterinarian clinic, and the configuration supports efficient day-to-day operations with a patient-focused flow.

    Conveniently located for patients and staff, the property offers ample parking and close access to major thoroughfares. This combination supports straightforward arrivals and departures, which can help reduce friction for appointments and staff schedules.

    For tenant fit, the suite’s mix of exam rooms and office space makes it suitable for a range of medical or wellness practices that require both clinical and administrative workflows. The reception and private office components support a more organized patient experience, while the administrative area can accommodate staff functions tied to scheduling, records, and daily operations.
    Location Intelligence

    Current Use by Public Records

    Paws & Claws Animal ... Veterinary Clinic Messonnier Shawn DVM Veterinary Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Petco Vaccination Clinic — 801F W 15th St, Plano, TX 75075
    • Plano Veterinarian Group — 1320 N Central Expy, Plano, TX 75074

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.735055
    Latitude
    33.0269833

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    FAQs

    What type of property is this?
    Medical Office Space - Ready-to-occupy medical suite with reception, exam rooms, private offices, and administrative space for clinical and wellness uses.
    Where is this medical office space located?
    The property is located at 2145 W Park Boulevard Plano, TX.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Year built: 1978; Ready‑to‑occupy medical office suite previously used as a veterinarian clinic; Includes a reception area plus multiple exam rooms
    (817) 715-5222
    We can help!
    Listing Contact
    Michelle Rawls
    Michelle Rawls
    Real Estate License ID: 0637763
    Learn More
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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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