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Property profile & analytics
FOR SALE
Commercial real estate

1801 E Spring Creek Pkwy Plano, TX 75074

16,208 SF 1.88 ac lot Built 2004
Individually Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2783171
Property summary
AI-generated overview

This exceptional mixed-use retail investment opportunity encompasses two properties located at 1801 and 1805 E Spring Creek Parkway in Plano, Texas, within Collin County, zip code 75074. The combined portfolio totals 13,060 square feet situated on a 1.875-acre lot, currently operating at 100% occupancy. The property features a cash-flowing car wash and a leased batting cage facility, providing immediate and consistent income. Its prime location is adjacent to the entrance of Assembly Park, a recently completed $500 million development including retail, creative office, and multi-family residential components. This strategic positioning offers significant upside potential. Furthermore, the property benefits from its close proximity to the Central Expressway and enjoys a highly visible location across the street from the Plano Event Center, currently undergoing a $3.2 million courtyard renovation, with a planned 4-star hotel construction nearby. The properties are zoned for retail use, presenting a compelling opportunity for redevelopment or continued operation as a high-performing retail asset. This is a rare chance to acquire a well-positioned, cash-flowing portfolio in a thriving Texas market. The properties will be sold together in a single transaction.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2004
Total area 16,208 SF
Lot 1.88 ac (81,675 SF)
Zoning code R
APN R-4788-001-001R-1
UPID US82-2783171
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
  • Center Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
$822k
Blend (final) Blend
$710k
Owner & transaction history
On Spring Creek Reflections
On Spring Creek Reflections
1 recorded transaction
1969
Price N/A
Zoning & alternative use
R · Plano, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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