5501 Independence Pkwy, Plano, TX 75023-5463
- Office buildings
- 52,720 SF
- 3.00 lot acres
Current Use by Public Records
- Dr. Donald V. Nix, DDS / Dental Office
- Mc Cracken Kyle DDS / Dental Office
- Endodontic Associates of Plano / Dental Office
- William M. Bolak, DMD / Dental Office
- Oral Surgery Associates of North Texas / Dental Office
Property Details for 5501 Independence Pkwy
- Year built
- 1986
- Lot size
- 3.00 lot acres
- Zone code
- RT/O-M
- Property type
- Office buildings
- APN
- R-1831-001-0040-1
- APU
- R183100100401
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 28, 2025 | — | Independence Medical Plano LP | Lystra Real Estate Holdings LLC | Deed | $550k · Vast Bank NA |
| Dec 12, 2022 | — | Regina Powe | Periodontic Office LLC | Venders Lien | $1.1M · Enigma Properties LLC |
| May 1, 2019 | — | Lystra R & E Hldgs LLC | Independence Medical Of Dental | Grant Deed | $5M · Dougherty Fndg |
| Jul 9, 2007 | — | Independence Medical Of Dental | Wolk Family Trust | Warranty Deed | $5.1M · Legacytexas Bank |
| — | — | Independence Medical Of Dental Ce | — | Deed Of Trust · related | $4.9M · Legacy Bk/tx |
| — | — | Independence Medical Of Dental Ce | — | Deed Of Trust · related | $230k · Legacy Bk/tx |
| — | — | Independence Medical Of Dental Ce | — | Deed Of Trust · related | $133k · Legacytexas Bank |
| — | — | Independence Medical Of Dental Ce | — | Deed Of Trust · related | $4.8M · Legacytexas Bank |
| — | — | Independence Medical Of Dental Ce | — | Deed Of Trust · related | $215k · Legacy Bk/tx |
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
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,850,000
Market price range: $1.62M - $4.13M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,000,000 Current use
Get a detailed, property-specific estimation — 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
