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    5700 Tennyson Parkway, Plano, TX 75024

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    For Lease
    $1,050/Mo $0.74 SF/Yr (calc)

    COMMERCIAL - Plano, TX

    Type:Office
    Property size:
    17,091 SF
    Lot size:
    24.00 Acres
    Added:
    Sep 30, 2024
    Days on Market:
    613
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 5700 Tennyson Parkway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Security features
    Security
    Standard status
    Active
    APN
    r407500a00101
    Size
    17,091 SF
    Lot size
    24.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned, Central, Electric (Heating)
    Cooling system
    Zoned, Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1998
    Floors in Building
    1
    Number of units
    100
    Flooring type
    Carpet

    We can help!

    Listing Contact
    Robert Burns

    Listing agent Robert Burns License #0291394

    Listing office ESRP ADVISORY DALLAS, LLC Frisco, TX

    Listing date Sep 30, 2024

    MLS# 13969712

    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

    • Year built: 1998
    • Electric heating with zoned and central systems
    • Central air conditioning with zoned electric cooling
    • Public water and public sewer

    Overview

    This is a commercial office property available for lease in Plano, featuring office units and office spaces within a larger site. The property is set on 24 acres and totals 17,091 square feet, offering a workable footprint for office tenants seeking an established commercial setting.

    Located at 5700 Tennyson Parkway in Plano, the property benefits from a Parkway address and a substantial land holding that can support parking and day-to-day operations for office users. The property sits within Collin County and is listed under the ZIP code 75024.

    Suites and individual office spaces like this are typically well-suited for professional service tenants, back-office teams, and other office-based operations that need a defined workplace within a larger commercial site. Because the offering is categorized for office units and office spaces, it may accommodate a range of tenant requirements within the overall building footprint. If you’re evaluating space in Plano, this listing provides a straightforward leasing opportunity with clearly identified office-oriented use and a sizable parcel for on-site functionality.
    Property Profile Location Intelligence

    Current Use by Public Records

    Plano Research Corporation (Bike/Boat/Book/etc) Store Powerhouse Insurance Agency, ... Insurance Agency The Foster Consulting Firm Advertising Agency Cross Family Law, ... Law Firm LeMaster & Ahmed, PLLC Law Firm

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office 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
    -96.819808
    Latitude
    33.070271

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    FAQs

    What type of property is this?
    Office units - For lease in Plano with a multi-suite office layout and ample property land for flexible on-site use.
    Where is this office units located?
    The property is located at 5700 Tennyson Parkway Plano, TX.
    What is the lease rate?
    The lease rate is $1,050 /Mo.
    What are key features of this property?
    This property features: Year built: 1998; Electric heating with zoned and central systems; Central air conditioning with zoned electric cooling
    (972) 977-7200
    We can help!
    Listing Contact
    Robert Burns
    Real Estate License ID: 0291394
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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.

    More about this property
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    5700 Tennyson Parkway, Plano, TX 75024
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