Property profile

0 Nec Dallas Pkwy & Lgt Farms Way Pilot Point, TX 75009

OFF-MARKET
Office Spaces
1 SF 1 ac lot
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Property summary

AI-generated overview

This exceptional 1-acre parcel, situated at the northeast corner of Dallas Parkway and Light Farms Way in Celina, Collin County, Texas (zip code 75009), presents a unique investment opportunity. The property is designated for medical office development and boasts a highly desirable location within a rapidly expanding market. Surrounding the site are over 7,000 residential lots, either recently built or currently under development, ensuring a robust and growing patient base. The property's strategic location offers excellent visibility and accessibility, with Dallas Parkway exhibiting 4,597 vehicles per day and Preston Road showing 29,330 vehicles per day. Further enhancing its appeal, the property is conveniently located less than a mile from Prosper High School (enrolling 2,793 students), an HEB grocery store, Frontier Park, Prosper ISD facilities, and the Children's Health Stadium. The planned extension of Legacy Drive to US-380, projected for completion in Spring 2025, will further improve connectivity and accessibility to this prime location. This is a rare opportunity to acquire a strategically positioned medical office site in one of Texas' fastest-growing areas. The property's size, location, and surrounding infrastructure make it an ideal site for a thriving medical practice or investment portfolio. The 1-square-foot building footprint allows for flexible development plans to suit various medical office needs.

Property profile

Verified
Property type Office Spaces
Total area 1 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Nec Dallas Pkwy & Lgt Farms Way Pilot Point, TX 75009
Pilot Point metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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