Office Unit in Three-Story
For Sale
Contact for pricing
5060 Tennyson Parkway #215, Plano, TX 75024
Shell-condition space offers flexibility for a tenant-specific interior layout.
Property Size1,113 SF
Price / SF$0.02
Days on Market84
Property Features for 5060 Tennyson Parkway #215
General Information
Standard status
Active
Size
1,113 SF
Property subtype
Office
Building Details
Year Built
2020
Listing Agency:
Coldwell Banker Realty Frisco
(972) 712-8500
Listed By:
Cristina Coles · License #0628110
(214) 460-2849
Source:
Lonestarluxuryrealty
Added: Aug 8
Changed: Oct 29
Last Checked: Oct 28 at 8:21AM
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 Coldwell Banker Realty Frisco
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Investment Insights
Based on property information with market context.
The available office unit at 5060 Tennyson Parkway Unit 215 contains 1,113 SF within a three-story commercial building completed in 2020. Delivered in shell condition, the space can be configured around the tenant’s operational requirements. The building is currently 95% occupied, with established tenants already in place.
Parking is available for clients and staff, while mature trees provide shade around the property. A designated signage area supports business identification from the building. The remaining suite offers a blank interior starting point within an occupied professional commercial setting.
Parking is available for clients and staff, while mature trees provide shade around the property. A designated signage area supports business identification from the building. The remaining suite offers a blank interior starting point within an occupied professional commercial setting.
Key Highlights
- 1,113 SF office unit in a three‑story commercial building
- Shell condition supports a customized interior layout
- Building completed in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,696
Suggested Prices Based on Cap Rates
Cap Rate 5%
$73,920
$73.9K
Cap Rate 7%
$52,800
$52.8K
Cap Rate 9%
$41,067
$41.1K
Market Conditions
NOI Build-Up for 1,113 SF
Gross rent
$6.0K $5.40/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$4.9K $4.43/SF
− OpEx
−$1.2K −$1.11/SF
NOI
$3.7K $3.32/SF
Area
Plano, TX
Vacancy
18.00%
Lease Rate
$5.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$73,920
Cap Rate 7%
$52,800
Cap Rate 9%
$41,067
Alternative Uses
Best Use
Office B
$52.8K
$46.2K – $61.6K
NOI $3,696 @ 7.0% cap · market cap 14,215.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$256.3K
$224.3K – $299.1K
NOI $17,944 @ 7.0% cap · market cap 69,015.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
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Business Placement
Demographics for 75024, TX
45,469
Population
20,362
Households
2.2
Avg Household Size
36
Median Age
71%
College-Educated
98%
High-School Grad
13.0 sq mi
ZIP Area
3,498
Density / Sq Mi
$117,445
Median Household Income
$77,783
Median Earnings
$1,820
Median Rent
$566,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Shell-condition space offers flexibility for a tenant-specific interior layout.
Where is this office unit located?
The property is located at 5060 Tennyson Parkway #215 Plano, TX.
What are key features of this property?
This property features: 1,113 SF office unit in a three‑story commercial building; Shell condition supports a customized interior layout; Building completed in 2020
