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    1700 Alma Dr Plano, TX 75075

    For Sale
    $3,500,000

    2.4-acre development opportunity in Plano, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.4-acre land parcel in Plano, Texas, presents a prime opportunity for the development of an assisted living and memory care community. Located in the thriving north Dallas suburb of Plano, this site benefits from a robust and growing senior population, as evidenced by detailed demographic studies projecting continued high demand for senior housing in the coming years. The property is ideally situated within Collin County, at 1700 Alma Dr, Plano, TX 75075, offering convenient access to essential amenities and services. The approved plat and comprehensive community development master plan, created with the assistance of Clay Moore Engineering, significantly streamline the development process. This turnkey opportunity includes detailed renderings and engineering plans, along with a complete financial proforma and market analysis, providing a solid foundation for a successful venture. The proposed 40-unit community will offer assisted living and memory care options, catering to a diverse range of senior living needs. With an asking price of $3,500,000, this development represents a compelling investment prospect in a high-growth sector with strong projected returns. The property's ample acreage also allows for potential future expansion, further enhancing its long-term value. This is a rare chance to capitalize on the increasing demand for senior housing in a prime location within the Dallas MSA. The APN is R-1838-001-0010-1.

    Property Features for 1700 Alma Dr

    General Information

    Property type
    Assisted living facilities
    Lot Size
    104,544 SF

    HighLights

    • Prime 2.4‑acre site in Plano, TX, ideal for assisted living and memory care development.
    • 40‑unit project with approved plat and master plan, including detailed renderings and engineering by Clay Moore Engineering.
    • Strong market demand supported by detailed third‑party market analysis projecting continued high demand for senior housing.
    • $3,500,000 asking price presents a compelling investment opportunity in a high‑growth sector.
    • Located at 1700 Alma Dr, Plano, TX 75075 (APN: R‑1838‑001‑0010‑1), offering convenient access to amenities and future expansion potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Terry J. Moody, ... Psychologist Donna R. Milburn, ... Psychologist Dr. Grace P. ... Psychologist Ackerman Baer Max ... Psychiatrist BCC Financial Planner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7158696
    Latitude
    33.0234154

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    FAQs

    What type of property is this?
    Assisted living facility - 2.4-acre development opportunity in Plano, TX
    Where is this assisted living facility located?
    The property is located at 1700 Alma Dr Plano, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Prime 2.4-acre site in Plano, TX, ideal for assisted living and memory care development.; 40-unit project with approved plat and master plan, including detailed renderings and engineering by Clay Moore Engineering.; Strong market demand supported by detailed third-party market analysis projecting continued high demand for senior housing.
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    1700 Alma Dr Plano, TX 75075
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    Realmo Value Estimation

    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.

    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.

    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
    1700 Alma Dr Plano, TX 75075
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