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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Office buildings
5550 Warren Pkwy Frisco, TX 75034-7398
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-7202927
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Total area
23,632 SF
Lot
2.32 ac (101,146 SF)
Zoning code
COMM
APN
R-4826-00A-007R-1
UPID
US82-7202927
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
-
Lone Star Plastic Surgery Physician Medical Clinic
-
CAW Med Spa Frisco Spa & Massage Center Alternative Medicine Practice
-
Dr. Om Patel, MD - Orthopedic Surgeon Physician
-
Dr. M. Zain Mirza, MD - Orthopaedic Spine Surgeon Physician
-
Andie Divita Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$925k
Owner & transaction history
Bluewave Medical Plaza LLC · 4 yrs held
Bluewave Medical Plaza LLC
since 2022
3 recorded transactions
Zoning & alternative use
COMM · Frisco, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Frisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frisco submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$990,000
Current use
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$39 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$119,555
Tax year 2022
Assessed value
$7,957,171
Assessed 2023
Previous assessed
$6,315,100
+26.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$2,124,073
Assessed improvement
$5,833,098
Land market value
$2,124,073
Improvement market value
$5,833,098
Total market value
$7,957,171
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2015
Heating
NONE
Stories
1
Total area
23,632 SF
Lot
2.32 ac (101,146 SF)
Zoning code
COMM
APN
R-4826-00A-007R-1
UPID
US82-7202927
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
COMM · Frisco, TX
Zoning COMM · permitted uses
COMM · Frisco, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frisco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$990,000
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Stories
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
Bluewave Medical Plaza LLC
Entity
Mailing address
1260 HARVEST LOOP, FOLSOM, CA 95630-5328
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2022
—
Bluewave Medical Plaza LLC
Raga Of Frisco Properties LLC
Venders Lien
$16,400,000 · Alliance Bank
Sep 2, 2015
—
Raga Of Frisco Properties LLC
—
Trustees Deed
related
$2,252,356 · Jp Morgan Chase Bk
Dec 14, 2011
—
Raga Of Frisco Properties LLC
Warren Legacy LP
Grant Deed
$910,317 · Alliance Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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