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Property profile & analytics
OFF-MARKET Estimated value $975,000
Commercial real estate

1501 Independence Pkwy Plano, TX 75075-6447

11,200 SF 1.29 ac lot Built 1996
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US82-0274544
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1996
Total area 11,200 SF
Lot 1.29 ac (56,192 SF)
Zoning code R
APN R-0396-002-0120-1
UPID US82-0274544
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CVS Pharmacy
  • CVS Pharmacy Pharmacy
  • MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$945k
Comparable Approach Comparable
$1,000k
Blend (final) Blend
$975k
Owner & transaction history
M Muffin 2 LLC · 20 yrs held
M Muffin 2 LLC
since 2005
2 recorded transactions
2005
Price N/A
1969
Price N/A
Zoning & alternative use
R · Plano, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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.

Zone name Retail
General category COMMERCIAL
Zone area 1,734.98 ac
Source Realmo
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