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    Turnkey Automotive Sales Property Title is generated by Realmo AI

    1503 S Mcdonald Street, McKinney, TX 75069

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    Claim this Listing
    For Sale
    $1,100,000

    COMMERCIAL - McKinney, TX

    Property size:
    913 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $1,204/SF
    Added:
    May 26, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for 1503 S Mcdonald Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Assigned
    Standard status
    Active
    APN
    R1091800A00101
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Description
    KHAN - MCDONALD ADDITION (CMC), BLK A, LOT 1
    Tax Annual Amount
    4055

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1932
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Combination, Vinyl
    Building materials
    Brick, Frame, Concrete
    Roof type
    Composition

    We can help!

    Listing Contact
    Hayman Shwan

    Listing agent Hayman Shwan License #0779215

    Listing office Competitive Edge Realty LLC Carrollton, TX

    Listing date May 26, 2026

    MLS# 21272800

    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.

    HighLights

    • 0.38‑acre fully concrete, professionally fenced lot
    • 913 sq ft building built in 1932 with office space, bathroom, storage, and a utility room
    • Two Certificates of Occupancy included
    • Public water and public sewer
    • Central air and electric heating; ceiling fans
    • Brick, frame, and concrete construction with composition roof and assigned parking

    Overview

    This turnkey commercial property combines a fully concrete, professionally fenced lot with an on-site building designed to support day-to-day automotive operations. The site is 0.38 acres and is ready for vehicle sales, with vehicle-focused capacity supported by two Certificates of Occupancy. A 913-square-foot building built in 1932 includes office space, a bathroom, storage, and a utility room, providing practical indoor functionality for administrative work and operations.

    Located on a high-traffic corridor in McKinney, the property is positioned for visibility and convenient customer access. The asset benefits from its exceptional placement within a HUBZone, which can align well with businesses seeking Certified HUBZone partnerships and supplier opportunities across government contractors, federal agencies, and major tech and finance companies.

    With the combination of dual COs, fencing, and a turn-key lot, this property is a strong fit for operators looking to run automotive sales from a ready-to-go site. The on-site office and supporting rooms also make it suitable for related commercial uses that require both outdoor sales and basic indoor workspace, while the HUBZone designation adds a potentially valuable business advantage for qualifying buyers and tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Max Auto ... Insurance Agency United Motors Car Dealership Texas Builders Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • XK Tool USA — 1250 Wattley Wy Building A Suite 200, McKinney, TX 75069
    • Mobile mechanic — Dorothy Dr, McKinney, TX 75069
    • JTeck Automotive Inc. — 180 Industrial Blvd, McKinney, TX 75069
    • Epic Solar Control, LLC — 192 Industrial Blvd STE 111, McKinney, TX 75069
    • Maaco Auto Body Shop & Painting — 190 Industrial Blvd, McKinney, TX 75069

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.614977
    Latitude
    33.182899

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    FAQs

    What type of property is this?
    Auto shop - Fully concrete, fenced lot with rare dual COs and an on-site office building for vehicle sales or related commercial use.
    Where is this auto shop located?
    The property is located at 1503 S Mcdonald Street McKinney, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 0.38‑acre fully concrete, professionally fenced lot; 913 sq ft building built in 1932 with office space, bathroom, storage, and a utility room; Two Certificates of Occupancy included
    (972) 231-4663
    We can help!
    Listing Contact
    Hayman Shwan
    Real Estate License ID: 0779215
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    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.

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