11583 Independence PkwyFrisco, TX 75035

Property Details for 11583 Independence Pkwy

Year built

2022

Lot size

5.52 AC

Property size (Sq ft)

1,163 SF

Property type

Commercial real estate

APN

R-12246-004-4000-1

APU

R1224600440001

Description

This exceptional 1,030-square-foot medical office suite is situated in the desirable Heritage Business Park in Frisco, Texas, within the 7,156-square-foot building. Located at 11583 Independence Pkwy, Suite 450, this single-tenant space boasts modern finishes, including updated bathrooms and a reception area. Most rooms feature convenient sinks, offering a turnkey solution for medical or professional practices. The sleek design and high-end finishes create a refined and functional environment ideal for businesses seeking a prestigious address. The property's Class B designation reflects its well-maintained condition. This Collin County location offers excellent visibility and easy access to both Frisco and McKinney, benefiting from its proximity to major thoroughfares like Independence Parkway and Eldorado Parkway. The Heritage Business Park provides a pleasant atmosphere with open green spaces and attractive water features. This suite is perfectly suited for growing businesses in the medical field or other professional services, representing a prime opportunity in one of North Texas's fastest-growing areas. The zip code is 75035.

• CAP approach

  CAP return

  Valuation

  6%

  $290,273

  6.5%

  $267,945

  7%

  $248,806

• Comparable approach

  Method

  Valuation

  Relative Method

  $170,102

  Geo Method

  $139,932

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $533,354

  Retail / Commercial

  $272,360

  Mixed-Use / Specialty

  $270,489

  Hospitality / Lodging

  $197,277

  Office

  $267,945

  Institutional / Educational

  $280,878

  Residential Income

  $328,627

  Multifamily

  $399,126

  Automotive / Energy

  $240,752

  Parking / Income-Based Land

  $83,969.70

  Restaurant / Food Service

  $138,763

  Healthcare / Senior Housing

  $278,304

Location Insight

City

Frisco

County

Collin

State

Texas

Latitude

33.1725

Longitude

-96.7518

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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