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    1501 Independence Pkwy Plano, TX 75075-6447
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    Property profile & analytics

    1501 Independence Pkwy, Plano, TX 75075-6447

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    • Commercial real estate
    • 11,200 SF
    • 1.29 lot acres
    Off-Market
    Property ID
    US82-0274544
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS / Pharmacy
    • CVS Pharmacy / Pharmacy
    • MoneyGram / Bank / Credit Union

    Property Details for 1501 Independence Pkwy

    Year built
    1996
    Lot size
    1.29 lot acres
    Zone code
    R
    Property type
    Commercial real estate
    APN
    R-0396-002-0120-1
    APU
    R039600201201

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 10, 2005 — M Muffin 2 LLC Plano Safeway Ltd Grant Deed $2M · Column Financial INC
    — — Anthony Solomon 2 LLC — Deed Of Trust · related $8M · Citigroup Global Markets Rlty

    Description

    This exceptional 11,200-square-foot Class B medical office building in Plano, Texas, presents a unique investment opportunity. Located at 1501 Independence Parkway, in Collin County, this single-tenant property offers complete vacancy, allowing for immediate occupancy and customization. Built in 1996 and renovated in 2004, the building boasts modern amenities and a highly visible location at a signalized intersection, benefiting from exposure to approximately 40,000 vehicles daily. The property features ample parking with 54 spaces, a convenient two-lane drive-through, and a loading dock, catering to diverse business needs. Its strategic location in Plano, a thriving suburb of Dallas, is surrounded by established retailers and schools, ensuring high traffic and visibility. The property's 200+ feet of frontage on Independence Parkway provides excellent branding opportunities. This turnkey medical office space is ready for immediate occupancy and presents a compelling opportunity for a medical practice or related business seeking a prominent location in a high-demand area. The zip code is 75075.


    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,025,000
      6.5%
      $945,000
      7%
      $880,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $999,000
      Market price range: $329k - $1.59M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Plano
    County
    Collin
    State
    Texas
    Longitude
    -96.7506
    Latitude
    33.0197
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $37,910
    $1,180,040
    $956,570
    $2,136,610
    -
    $1,180,040
    $956,570
    $2,136,610
    More about this property
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