Frisco Medical/Professional Office Condo

11583 Independence Pkwy, Frisco, TX 75035

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For Sale

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New construction condo in park-like setting with high-income demographics.

Type:Office

Property size:

1,110 SF

Price / SF:

$314/SF

HighLights

Newly constructed medical/professional office condos in high‑income area.
Serene, park‑like setting with green space and water features.
High visibility with signage opportunities on Independence Parkway (16,000+ vehicles daily).
Elegant brick and stone façade with private entrances.
Strong demographics: $148,610 average household income within two miles.
Opportunity to establish a prominent medical presence in the area.

We can help!

Listing Contact

Amit Mahadar

Learn more

For Sale

Contact for pricing

New construction condo in park-like setting with high-income demographics.

Type:Office

Property size:

1,110 SF

Price / SF:

$314/SF

Added:: Jul 29, 2023
Days on Market:: 1047
Last Refresh:: May 13 at 8:01 pm

Property Features for 11583 Independence Pkwy

General Information

Standard status: Active
Size: 1,110 SF
Property subtype: Office

We can help!

Listing Contact

Amit Mahadar

Listing agent Amit Mahadar License #0754810

Listing office AVM Realty Group

Listing date Jul 29, 2023

Source Crexi

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 AVM Realty Group

HighLights

Newly constructed medical/professional office condos in high‑income area.
Serene, park‑like setting with green space and water features.
High visibility with signage opportunities on Independence Parkway (16,000+ vehicles daily).
Elegant brick and stone façade with private entrances.
Strong demographics: $148,610 average household income within two miles.
Opportunity to establish a prominent medical presence in the area.

Overview

Located on Independence Parkway in Frisco, Texas, 111583 Independence Parkway features newly constructed medical and professional office condos. The property is situated in Heritage Business Park, which offers a park-like setting with open green space, water features, and benches. The condos feature a brick and stone façade with private entrances. Signage opportunities are available along Independence Parkway, which sees over 16,000 vehicles daily. The surrounding area has a high average household income of $148,610 within a two-mile radius. The property is surrounded by workforce amenities. The building is suitable for medical and professional office uses. The closest medical center, Baylor Scott & White, is over five miles away. The property size is 1110 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$34.9k	$31.44
− Vacancy	−$4.5k	−$4.09
EGI	$30.4k	$27.35
− OpEx	−$7.6k	−$6.84
NOI	$22.8k	$20.51

1,110 SF · lease $31.44/SF/yr · vacancy 13.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$325.3K

$284.6K – $379.5K (±1% cap)

NOI $22,771 @ 7.0% cap · market cap 6.52%

Second Best

Healthcare Medical

$205.5K

$179.8K – $239.8K (±1% cap)

NOI $14,386 @ 7.0% cap · market cap 4.12%

Theoretical Best

Office A

$433.1K

$378.9K – $505.3K (±1% cap)

NOI $30,315 @ 7.0% cap · market cap 8.69%

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

Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Similar Places Nearby

VetIQ Petcare — 16066 State Hwy 121, Frisco, TX 75035
Collin County Veterinary Imaging Center — 5353 Independence Pkwy #100, Frisco, TX 75035

Location Insight

Map
Local Demand

City: Frisco
County: Collin
State: Texas
Longitude: -96.7508703
Latitude: 33.1723472

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For sale
Medical Office Space
TX
Frisco
75035
11583 Independence Pkwy

What type of property is this?

Medical Office Space - New construction condo in park-like setting with high-income demographics.

Where is this medical office space located?

The property is located at 11583 Independence Pkwy Frisco, TX.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: Newly constructed medical/professional office condos in high‑income area.; Serene, park‑like setting with green space and water features.; High visibility with signage opportunities on Independence Parkway (16,000+ vehicles daily).