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Property profile & analytics

5501 Independence Pkwy Plano, TX 75023-5463

  • Office buildings
  • 52,720 SF
  • 3.00 lot acres
OFF-MARKET
Last Sale
Oct 28, 2024
Value Estimations
$800,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US83-3716116
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.

Current Use by Public Records

  • Dr. Donald V. Nix, DDS / Dentist / Oral Surgeon
  • Mc Cracken Kyle DDS / Dentist
  • Endodontic Associates of Plano / Endodontist
  • William M. Bolak, DMD / Endodontist
  • Oral Surgery Associates of North Texas / Oral Surgeon / Dental Implants Periodontist

Property Details for 5501 Independence Pkwy

Year built
1986
Lot size
3.00 lot acres
Property size
52,720 SF
Zone code
RT/O-M
Property type
Office buildings
APN
R-1831-001-0040-1
APU
R183100100401

Description

This exceptional Class B medical office building, situated at 5501 Independence Parkway in Plano, Texas, presents a unique investment opportunity. The property, known as the Independence Medical Building, boasts a total of 57,478 square feet and offers multiple tenancy options. Built in 1986 and extensively renovated in 2019, the building is well-maintained and features modern amenities. Suites range from a minimum of 847 square feet to a maximum contiguous space of 3,144 square feet, with seven spaces currently available, ranging from 404 to 4,149 square feet. The building's convenient location at the intersection of Spring Creek and Independence Parkway in Collin County (APN R1794669) places it within easy reach of a thriving residential and retail community. Ample parking is provided with 150 spaces. The RT/O-M zoning allows for a variety of medical and office uses. This property is ideally suited for medical practices and other businesses seeking a well-established and easily accessible location in the heart of Plano, Texas, zip code 75023. The building's current tenants represent a diverse mix of medical and general office users, demonstrating its broad appeal and strong tenant base.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $800,000

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


Location Insight

  • Map
  • Local Demand
City
Plano
County
Collin
State
Texas
Longitude
-96.7511
Latitude
33.0564
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
$96,888
$2,090,880
$3,181,120
$5,272,000
-
$2,090,880
$3,181,120
$5,272,000
More about this property
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