Corner Office Suite in Office
1511 McDermott Drive Allen, TX 75013
1511 McDermott Drive, Allen, TX, 75013
$400,000
For Sale
$400,000
COMMERCIAL - Allen, TX
Property Size1,420 SF
Lot Size0.03 Acres
Price / SF$281.69
Days on Market34
Property Features for 1511 McDermott Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- APN
- R900100221001
- Size
- 1,420 SF
- Lot size
- 0.03 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl
- Building materials
- Brick, Concrete
- Roof type
- Shingle
Listing agency
Zenappy Realty
(214) 430-2895
Listed by
Sasidhar Kaligotla · License #0749528
(214) 430-2895
Added: Jun 19 Updated: Jul 21 at 3:17PM Checked: Jul 22 at 4:06AM
MLS# 21234234
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.
Investment Insights
Based on property information with market context.
This newly built office suite is located in Suncreek Office Village and totals 1,420 square feet. The suite is positioned on a corner lot and includes access to signage for tenant visibility.
The property is located at the intersection of W McDermott Dr and Twin Creeks Dr, with Suncreek Dr also mentioned in the listing. The remarks cite approximately 25,000 vehicles per day on Suncreek Dr. The location provides convenient access to Highway 75 and is described as serving the Allen, McKinney, Frisco, and Plano markets.
As a professional office environment, Suncreek Office Village is presented as suitable for businesses seeking a polished setting with prominent corner exposure within a concentrated office area.
The property is located at the intersection of W McDermott Dr and Twin Creeks Dr, with Suncreek Dr also mentioned in the listing. The remarks cite approximately 25,000 vehicles per day on Suncreek Dr. The location provides convenient access to Highway 75 and is described as serving the Allen, McKinney, Frisco, and Plano markets.
As a professional office environment, Suncreek Office Village is presented as suitable for businesses seeking a polished setting with prominent corner exposure within a concentrated office area.
Key Highlights
- Brand‑new 1,420 SF office built in 2023
- Corner location at W McDermott Dr and Twin Creeks Dr within Suncreek Office Village
- Reported traffic count of 25,000 vehicles daily on Suncreek Dr for high exposure
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.8k | $21.72 |
| − Vacancy | −$7.8k | −$5.47 |
| EGI | $23.1k | $16.25 |
| − OpEx | −$5.8k | −$4.06 |
| NOI | $17.3k | $12.18 |
1,420 SF · lease $21.72/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,303 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$376.4K
$329.3K – $439.1K
NOI $26,347 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Allen Friends & Family ...
Medical Clinic
Texas Implant & Periodontic ...
Dental Office
Allen City Dental
Dental Office
Bridgett Anderson-Wright
Physician
Nu SPA
Spa & Massage Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Newly built office suite located in Suncreek Office Village at a corner intersection with available signage.
Where is this office units located?
The property is located at 1511 McDermott Drive Allen, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Brand‑new 1,420 SF office built in 2023; Corner location at W McDermott Dr and Twin Creeks Dr within Suncreek Office Village; Reported traffic count of 25,000 vehicles daily on Suncreek Dr for high exposure
