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    5663 Spring Creek Pkwy Plano, TX 75024

    For Sale
    Contact for pricing

    Prime Plano medical office space: Sale or lease.

    Property size:
    1,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents 20 units across three buildings within the Spring Creek Office Park, located in Plano, Texas, at 5663 Spring Creek Pkwy, 75024. The property offers flexible space ranging from 1,700 to 32,000 square feet, ideal for owner-users or investors seeking a strong return. Currently vacant, this Class B medical office space is available for sale or lease under a NNN lease structure, providing a predictable and manageable expense profile. Tenant credit is secured by a corporate guarantee, mitigating risk. The property benefits from a highly desirable location, conveniently situated off the Dallas North Tollway, within a thriving commercial and corporate community. Plano's robust economy, home to numerous national and international corporations, ensures strong tenant demand. The park is minutes from Legacy West, Shops at Legacy, and The Star, offering employees and visitors abundant shopping, dining, and entertainment options. Furthermore, significant nearby development is underway, including a mixed-use project featuring a hotel, restaurant, pond, and greenhouse, promising further growth and increased property value. This presents a rare chance to acquire a well-positioned medical office property in a rapidly expanding area of Collin County. The property's size and configuration make it suitable for a variety of medical practices or corporate users. The corporate guarantee on tenant credit adds an extra layer of security for investors.

    Property Features for 5663 Spring Creek Pkwy

    General Information

    Property type
    Medical offices
    Square Feet
    1,700 SF
    Class
    B

    Building Details

    Buildings
    3
    Units
    20
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -96.8164493
    Latitude
    33.0653575

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    FAQs

    What type of property is this?
    Medical office - Prime Plano medical office space: Sale or lease.
    Where is this medical office located?
    The property is located at 5663 Spring Creek Pkwy Plano, TX.
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    5663 Spring Creek Pkwy Plano, TX 75024
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    Plano, TX 75024
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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
    5663 Spring Creek Pkwy Plano, TX 75024
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