Established Filipino
For Sale
$110,000
909 Spring Creek Parkway #450, Plano, TX 75023
Cafeteria-style service lets guests sample multiple specialties in one visit.
Property Size1,425 SF
Price / SF$77.19
Days on Market41
Property Features for 909 Spring Creek Parkway #450
General Information
Standard status
Active
Size
1,425 SF
Additional Details
Business Included
Yes
Building Details
Year Built
2017
Listing Agency:
Herald Realty, LLC
(972) 955-4551
Listed By:
Hermel Videna · License #0726763
Source:
Franzettirealestate
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 4:38AM
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 Herald Realty, LLC
Investment Insights
Based on property information with market context.
This Filipino restaurant has operated since 2017 and features a cafeteria-style interior designed for sampling several specialties in one visit. The setting combines a relaxed dining atmosphere with a kitchen equipped with updated equipment and ample workspace.
The restaurant is located at 909 Spring Creek Parkway #450 in Plano, Texas. The business serves Filipino cuisine and is positioned within a diverse dining market in Plano and the broader DFW area.
The restaurant is located at 909 Spring Creek Parkway #450 in Plano, Texas. The business serves Filipino cuisine and is positioned within a diverse dining market in Plano and the broader DFW area.
Key Highlights
- Filipino restaurant established in 2017
- Cafeteria‑style format supports sampling multiple specialties
- Kitchen includes updated equipment and ample workspace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,900
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$198,000
$198.0K
Cap Rate 7%
$141,429
$141.4K
Cap Rate 9%
$110,000
$110.0K
Market Conditions
NOI Build-Up for 1,425 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.9K $9.72/SF
− Vacancy
−$651 −$0.46/SF
EGI
$13.2K $9.26/SF
− OpEx
−$3.3K −$2.32/SF
NOI
$9.9K $6.95/SF
Area
Plano, TX
Vacancy
4.70%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$198,000
Cap Rate 7%
$141,429
Cap Rate 9%
$110,000
Alternative Uses
Best Use
Specialty Retail
$141.4K
$123.8K – $165.0K
NOI $9,900 @ 7.0% cap · market cap 9.00%
Second Best
Industrial
$132.3K
$115.7K – $154.3K
NOI $9,259 @ 7.0% cap · market cap 8.42%
Theoretical Best
Multifamily LT 5
$328.2K
$287.2K – $382.9K
NOI $22,974 @ 7.0% cap · market cap 20.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75023, TX
46,777
Population
19,621
Households
2.4
Avg Household Size
40
Median Age
55%
College-Educated
94%
High-School Grad
9.2 sq mi
ZIP Area
5,084
Density / Sq Mi
$106,488
Median Household Income
$58,070
Median Earnings
$1,897
Median Rent
$385,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Cafeteria-style service lets guests sample multiple specialties in one visit.
Where is this conventional restaurant located?
The property is located at 909 Spring Creek Parkway #450 Plano, TX.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Filipino restaurant established in 2017; Cafeteria‑style format supports sampling multiple specialties; Kitchen includes updated equipment and ample workspace
