I have gotten two free "lvl 10" planets. One was lvl 14, the other was lvl 16, and both were in star systems adjacent to my home world. I was actually thinking that maybe the idea was a minimum lvl 10, but evidently not! They should change the language or make the planet always lvl 10. And it should be "nearby", no doubt.
Personally the fact that they are not colonized is fine, giving a planet that is already at full population (and is not a captitol) would provide at least one difficult issue: its morale would be pretty low (at least for the couple of races I have tried out --- the morale requirements have ramped up sharply in B5). And imo, it would be a bit OP. But that's just my take.
The biggest problem really is that the value of the planet is so dependent on the size of the galaxy and the density of habitable planets. In a sparse galaxy it is huge, in a crowded galaxy it's not that big of a deal.