Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1004 Garcia St McKinney, TX 75069

    Sponsored
    For Sale
    Under Contract
    $474,900

    Duplex - McKinney, TX

    Type:Duplex
    Lot size:
    0.13 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 1 at 1:06 pm

    Property Features for 1004 Garcia St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    R094200C002R1
    Parking
    4
    Parking features
    Carport, Driveway
    Interior features
    High Speed Internet Available, Open Floorplan, Walk-in Closet(s)
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2002
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Drew Qualls

    OakStar Realty (214) 307-2546

    Listing agent Drew Qualls (214) 307-2546 License #0740814

    Listing date Jan 22, 2026

    MLS# 21146820 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    McKinney Duplex: Income-Producing Potential

    This full-brick duplex in McKinney is currently operating as a short-term rental property. Total gross earnings exceeded $10,000 for December 2025. Each unit features a one-bedroom, one-bathroom open layout, large closets, and a private fenced backyard. The property offers flexibility to continue operating as a short-term rental, switch to long-term leases, or for owner occupancy with rental income from the other unit. The property is located less than a mile from Historic Downtown McKinney, with its shops, restaurants, and events. It is also within walking distance of Old Settlers Park and Webb Elementary. The lot size is 0.133 acres. Furnishings are negotiable. The property is suitable for investors or first-time buyers seeking income potential with the FIFA World Cup coming to DFW this year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.604425
    Latitude
    33.200181

    Nearby Similar for Sale

    • $3,501,680
      1.25 Acres

      McKinney Warehouse with Residential Potential

      1.25 acres with warehouse and 3-bedroom home near McKinney Airport.
      2145 Fm 546, McKinney, TX 75069
      View Details
    • $7,999,999
      5.31 Acres

      McKinney Church and Ministry Campus

      Well-maintained church and ministry campus on 5.3 acres in McKinney.
      2705 Virginia Pkwy, McKinney, TX 75071
      View Details
    • $8,485,000
      49.80 Acres

      Equestrian Estate Near Downtown McKinney

      Premier equestrian property on nearly 50 acres in North Texas.
      520 High Rdg Dr, McKinney, TX 75071
      View Details
    • $799,000
      6.38 Acres

      Land with Equestrian and Agricultural Features

      6.38-acre property suitable for horses, agriculture, and country living.
      2928 Stickhorse Ln, McKinney, TX 75071
      View Details
    • $2,990,000
      0.70 Acres

      Aero Country Airport Hangar Street

      Three contiguous hangar lots at Aero Country Airport in McKinney, TX.
      10015 Jungmeister Ln, McKinney, TX 75071
      View Details
    • New
      $775,000
      3,600 SF

      New Hangar at Aero Country

      New construction hangar at Aero Country East Airport, McKinney, TX.
      9404 Ragwing Ln, McKinney, TX 75071
      View Details
    • $949,000
      2.11 Acres

      Furnished Office Ready to Occupy

      Move-in ready office in McKinney with high-end finishes and furniture.
      2797 S Stonebridge Dr, McKinney, TX 75072
      View Details
    • $5,000,000
      2.47 Acres

      Corner Office Building with Ample Parking

      Freestanding office building with modern amenities and convenient highway access.
      1450 Redbud Blvd, McKinney, TX 75069
      View Details
    • $1,175,000
      2,880 SF

      Spacious McKinney Farm with Modern Home

      Farm property with modern home, multiple shops, and income.
      4360 County Road 411, McKinney, TX 75071
      View Details
    • $849,999
      1.95 Acres

      Turnkey McKinney Office Opportunity

      2,900 SF medical/professional office in a high-growth area.
      3600 Eldorado Pkwy, McKinney, TX 75070
      View Details
    • $400,000
      11.91 Acres

      Move-in Ready McKinney Office Space

      Professional office space in Stonebridge Ranch, McKinney, TX.
      3900 S Stonebridge Dr, McKinney, TX 75070
      View Details
    • $350,000
      0.11 Acres

      Established Restaurant in Downtown McKinney

      Thriving restaurant in a prime downtown McKinney location for sale.
      119 W Virginia St, McKinney, TX 75069
      View Details

    FAQs

    What type of property is this?
    Duplex - Charming McKinney duplex, currently successful short-term rentals near downtown.
    Where is this duplex located?
    The property is located at 1004 Garcia St McKinney, TX.
    What is the asking price?
    The asking price for this property is $474,900.
    What are key features of this property?
    This property features: - Proven income-producing property with successful short-term rental history (over $10,000 gross earnings in December 2025).; - Versatile investment opportunity: continue short-term rentals, switch to long-term leases, or house hack.; - Located less than a mile from Historic Downtown McKinney with shops, restaurants, and events.
    (214) 307-2546
    Request Owner's contact information
    1004 Garcia St McKinney, TX 75069
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1004 Garcia St
    McKinney, TX 75069
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1004 Garcia St McKinney, TX 75069
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Drew Qualls
    Real Estate License ID: 0740814
    (214) 307-2546
    Learn more
    Google sign-in failed. Please try again or use another login method.