1801 Spring Creek PkwyPlano, TX 75074

Property Details for 1801 Spring Creek Pkwy

Year built

2004

Lot size

1.88 AC

Property size (Sq ft)

16,208 SF

Zone code

R

Property type

Commercial real estate

APN

R-4788-001-001R-1

APU

R4788001001R1

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $4,045,360

  6.5%

  $3,734,180

  7%

  $3,467,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,370,610

  Geo Method

  $1,950,150

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,433,020

  Retail / Commercial

  $3,795,700

  Mixed-Use / Specialty

  $3,769,630

  Hospitality / Lodging

  $2,749,330

  Office

  $3,734,180

  Institutional / Educational

  $3,914,420

  Residential Income

  $4,579,870

  Multifamily

  $5,562,370

  Automotive / Energy

  $3,355,210

  Parking / Income-Based Land

  $1,170,230

  Restaurant / Food Service

  $1,933,850

  Healthcare / Senior Housing

  $3,878,550

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

33.0578

Longitude

-96.6871

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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