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    3115 Parker Rd Plano, TX 75023

    Sponsored
    For Sale
    Contact for pricing

    High-traffic retail space, 22,451 sq ft available.

    Property size:
    43,463 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 3115 W Parker Rd in Plano, Texas (75023), presents a unique investment opportunity. Situated on a 3.88-acre lot in Collin County, this single-story, 43,463 square foot shopping center was built in 1982. Currently, the property boasts 22,451 square feet of net rentable space, with 48% occupancy. The building is divided into two spaces, offering flexibility for various retail uses. The property is zoned for retail use and benefits from its high-visibility location at the northwest corner of Parker and Independence Roads, ensuring significant foot and vehicle traffic. This owner/user investment opportunity is ideal for businesses seeking a prominent presence in a thriving Plano market. The property's size and layout provide ample space for expansion or adaptation to suit specific business needs. The existing infrastructure provides a solid foundation for immediate occupancy or redevelopment. This is a rare chance to acquire a well-positioned retail center in a highly desirable area of Plano, Texas.

    Property Features for 3115 Parker Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    43,463 SF
    Lot Size
    169,013 SF

    Building Details

    Year Built
    1982
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Women's Health Boutique Medical Supply Store Junior Cruz, DDS Dentist All About You ... Wig Shop Sugar & Spice Bakery Bakery Parkway Plaza Shopping Mall

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.754537698146
    Latitude
    33.042309197956

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space, 22,451 sq ft available.
    Where is this lifestyle center located?
    The property is located at 3115 Parker Rd Plano, TX.
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    3115 Parker Rd Plano, TX 75023
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    Plano, TX 75023
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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
    3115 Parker Rd Plano, TX 75023
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