Listing Agency: Search Commercial

Listed By: Dane Thomson · License #TX 435827 Show Phone

Source: Moodyscre

Added: Nov 4, 2025 Changed: Oct 6 Last Checked: Oct 23 at 9:18AM

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Investment Insights

Based on property information with market context.

This property offers 5,421 square feet of available space, which can be divided down to 1,202 square feet. It is suitable for medical, dental, or professional office users. The property is situated within the Preston Park area, surrounded by established medical and professional practices. Its location provides close proximity to major hospitals, including Texas Health Presbyterian Plano, Baylor Scott & White Medical Center, and Medical Center Plano. This is a new construction property with customizable interiors. The property is located minutes from Dallas North Tollway and President George Bush Turnpike, offering convenient regional access. Upscale retail, dining, and residential communities surround the location.

Key Highlights

• New construction with customizable interiors, design your perfect space.
• Ideal for medical, dental, or professional office users.
• Close proximity to major hospitals: Texas Health Presbyterian Plano, Baylor Scott & White Medical Center, and Medical Center Plano.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,086

Cap Rate

5.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$581,720 $581.7K

Cap Rate 7%

$415,514 $415.5K

Cap Rate 9%

$323,178 $323.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,421 SF

Gross rent

$52.7K $9.72/SF

− Vacancy

−$4.2K −$0.78/SF

EGI

$48.5K $8.94/SF

− OpEx

−$19.4K −$3.58/SF

NOI

$29.1K $5.37/SF

Area

Plano, TX

Vacancy

8.00%

Lease Rate

$9.72 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$581,720

Cap Rate 7%

$415,514

Cap Rate 9%

$323,178

Alternative Uses

Best Use

Healthcare Medical

$415.5K

$363.6K – $484.8K (±1% cap)

NOI $29,086 @ 7.0% cap · market cap 5.69%

Second Best

Office B

$257.2K

$225.0K – $300.1K (±1% cap)

NOI $18,003 @ 7.0% cap · market cap 3.52%

Theoretical Best

Multifamily LT 5

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,398 @ 7.0% cap · market cap 17.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Electrical Service Grocery & Convenience Store Bakery Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,919

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - 5,421 SF office space ideal for medical or professional users.

Where is this medical office space located?

The property is located at 4691 Old Shepard Pl Plano, TX.

What is the asking price?

The asking price for this property is $510,850.

What are key features of this property?

This property features: New construction with customizable interiors, design your perfect space.; Ideal for medical, dental, or professional office users.; Close proximity to major hospitals: Texas Health Presbyterian Plano, Baylor Scott & White Medical Center, and Medical Center Plano.