1501 Independence Pkwy Plano, TX 75075-6447
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.
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CVS Pharmacy
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CVS Pharmacy Pharmacy
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MoneyGram Bank Credit Union
The R district is primarily intended to provide areas for neighborhood, local and regional shopping facilities for the retail sales of goods and services including convenience stores, shopping centers and regional malls but not including wholesaling or warehousing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R · Plano, TXThe R district is primarily intended to provide areas for neighborhood, local and regional shopping facilities for the retail sales of goods and services including convenience stores, shopping centers and regional malls but not including wholesaling or warehousing.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.