Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Neighborhood Office Land Development Title is generated by Realmo AI

    Silverstone Drive, Plano, TX 75023

    View on Map
    Claim this Listing
    For Sale
    $350,000

    LAND - Plano, TX

    Lot size:
    0.43 Acres
    Added:
    May 4, 2026
    Days on Market:
    31
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for Silverstone Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Cleared
    Standard status
    Active
    APN
    R244900A003R1
    Lot size
    0.43 Acres

    Taxes and HOA fees

    Tax Description
    PARKER PROFESSIONAL PLAZA PHASE 3 (CPL), BLK
    Tax Annual Amount
    3862

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Sophie Baweja

    Listing agent Sophie Baweja License #0630127

    Listing office REKonnection, LLC Richardson, TX

    Listing date May 4, 2026

    MLS# 21104333 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 0.43‑acre commercial lot in central Plano at the Parker Rd and Custer Rd area
    • Public water and public sewer available
    • Neighborhood Office (O1) zoning with permitted uses including religious facility, school, and medical office
    • Zoning also supports licensed massage therapist, office/professional and general administrative uses, and business services
    • Full set of construction documents available for a 4,200 SF office building
    • Permitted use list includes day care center

    Overview

    This is a 0.43-acre commercial land opportunity in central Plano, offered with a full set of construction documents for a 4,200 square foot office building. The site is zoned Neighborhood Office (O1), providing a straightforward framework for professional and community-oriented uses.

    The property is positioned within an established commercial center near retail, shopping, and dining. It is described as being at the intersection area of Parker Road and Custer Road, supporting convenient access to surrounding services.

    With Neighborhood Office (O1) zoning, the property may fit a range of owner-operators and developers looking to deliver an office-focused project, including permitted options such as religious facilities, schools, medical offices, and day care centers. It can also support business services, professional or general administrative offices, and licensed massage therapy, making it a practical choice for tenants and investors seeking an adaptable development plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.73586
    Latitude
    33.04133

    Nearby Similar for Sale

    • $650,000
      1,650 SF

      Modern Fully Furnished Office Condo

      Move-in ready office condo with multiple rooms, conference space, and restrooms—positioned for strong visibility on McDermott Road.
      4686 Mcdermott Road, Plano, TX 75024
      View Details
    • $2,300,000

      Spacious Office Building

      Well-suited for professional services with executive offices, abundant natural light, and three private bathrooms.
      5212 Village Creek Dr, Plano, TX 75093
      View Details
    • $1,875,000

      Downtown Office Building with Flex Layout

      Renovated, owner-occupied office building offers a front office area, expansive rear workspace, and flexible second-floor team space.
      910 18th Street, Plano, TX 75074
      View Details
    • $595,000

      Office and Medical Office Suite

      Move-in ready suite with double-wing layout, renovated restroom, and a fully equipped kitchen for professional and service uses.
      5805 Coit Road, Plano, TX 75093
      View Details
    • $110,000
      1,425 SF

      Filipino Restaurant for Sale

      Well-established Filipino restaurant with a cafeteria-style dining flow and updated kitchen equipment, ready for new ownership.
      909 Spring Creek Parkway, Plano, TX 75023
      View Details
    • $145,000

      Fully Equipped Restaurant Opportunity

      Ready-to-open restaurant with included FF&E in a busy retail center with strong highway visibility.
      8700 Preston Road, Plano, TX 75024
      View Details
    • $2,249,000
      12,300 SF

      Plano Multifamily Investment Opportunity

      Well-located 12-unit multifamily property in Downtown Plano, Texas.
      1509 F. Avenue, Plano, TX 75074
      View Details
    • $700,000

      Freestanding Office Building with Parking

      Well-maintained office building with private offices, open work areas, and ample on-site parking for medical or professional use.
      1225 19th Street, Plano, TX 75074
      View Details
    • $549,900

      Updated 3BR Duplex Investment

      Fully leased duplex with recent HVAC and interior upgrades and near-term lease rollover for flexible future use.
      1804 Bristol Cove, Plano, TX 75074
      View Details
    • $895,000
      2,607 SF

      Plano Condo/Medical Office Space

      Condo/Medical office with 7 offices near retail and hospitals.
      5172 Village Creek Drive 102, Plano, TX 75093
      View Details
    • $457,500

      Turnkey Fully Renovated Duplex

      Vacant, fully renovated two-unit duplex with two 2-bed, 2-bath homes—ideal for house-hacking or immediate rental income.
      1729 R Avenue, Plano, TX 75074
      View Details
    • $457,500

      Turnkey Renovated Duplex

      Fully renovated two-unit duplex with modern finishes and vacant units ready for owner-occupancy or immediate leasing.
      1721 R Avenue, Plano, TX 75074
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot in established Plano office area with documents for a 4,200 sf office building and O1 zoning flexibility.
    Where is this commercial land located?
    The property is located at Silverstone Drive Plano, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 0.43‑acre commercial lot in central Plano at the Parker Rd and Custer Rd area; Public water and public sewer available; Neighborhood Office (O1) zoning with permitted uses including religious facility, school, and medical office
    (972) 333-7559
    We can help!
    Listing Contact
    Sophie Baweja
    Real Estate License ID: 0630127
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Silverstone Drive, Plano, TX 75023
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!