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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
5655 Spg Crk Pkwy Plano, TX 75024-4174
Entity Owned
1-yr Hold
Free & Clear
Property ID
US83-1142049
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
51,640 SF
Lot
3.61 ac (157,208 SF)
Zoning code
CE
APN
R-10846-00A-0040-1
UPID
US83-1142049
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
-
Andrew Bolin, M.D. Physician
-
Amit P. Desai, M.D. Physician
-
Kaitlyn Layman FNP-C Medical Group
-
Lynn Gross Physician
-
Keefover-Hicks Amy R Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$620k
Owner & transaction history
Scp Mob 5655 Spring Creek LLC · 1 yrs held
Scp Mob 5655 Spring Creek LLC
since 2025
2 recorded transactions
Zoning & alternative use
CE · Plano, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CE district is intended to provide the flexibility for an integrated development that may include retail, office, commercial and light manufacturing.
Zone name
Commercial Employment
General category
INDUSTRIAL
Zone area
2,699.54 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$520,000
+9.2%
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 Plano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plano 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$475,000
Current use
INDUSTRIAL (GENERAL)
$520,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$12 / 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
$84,410
Tax year 2022
Assessed value
$8,347,557
Assessed 2023
Previous assessed
$4,417,044
+89.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$2,358,121
Assessed improvement
$5,989,436
Land market value
$2,358,121
Improvement market value
$5,989,436
Total market value
$8,347,557
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
2021
Heating
NONE
Stories
1
Total area
51,640 SF
Lot
3.61 ac (157,208 SF)
Zoning code
CE
APN
R-10846-00A-0040-1
UPID
US83-1142049
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
CE · Plano, TXZoning CE · permitted uses
CE · Plano, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CE district is intended to provide the flexibility for an integrated development that may include retail, office, commercial and light manufacturing.
Zone name
Commercial Employment
General category
INDUSTRIAL
Zone area
2,699.54 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$475,000
INDUSTRIAL (GENERAL)
Est. value
$520,000
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
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
2021
Heating
NONE
Stories
1
Lot
3.61 ac
Current owner
From public records · entity-resolved
Scp Mob 5655 Spring Creek LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5550 W EXECUTIVE DR STE #550, TAMPA, FL 33609-1009
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2025
—
Scp Mob 5655 Spring Creek LLC
Hhre Spring Creek LLC
Special Warranty Deed
—
Aug 6, 2021
—
Hhre Spring Creek LLC
Scpp Rlo LLC
Special Warranty Deed
$12,188,000 · Independent Bank
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.
Try Rey
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