Office Building for
10 E McDermott Drive Allen, TX 75002
10 E McDermott Drive, Allen, TX, 75002
$2,100,000
For Sale
$2,100,000
For-sale office building located at 10 E McDermott Drive in Allen, TX.
Property Size5,925 SF
Price / SF$354.43
Days on Market91
Property Features for 10 E McDermott Drive
General Information
- Standard status
- Active
- Size
- 5,925 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2020
Listing agency
Northbrook Realty Group
(972) 850-8872
Listed by
Jimmy Pham · License #0554931
Source
Signaturere
Added: Apr 22 Updated: Jul 21 at 1:45AM Checked: Jul 21 at 1:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northbrook Realty Group
Investment Insights
Based on property information with market context.
This for-sale office building is listed at 10 E McDermott Drive in Allen, TX 75002. The property totals 5,925 square feet and is offered as a commercial office asset.
The offering is positioned for buyers seeking an office building in Allen, Texas, with a clearly defined building size suitable for a range of office uses. For sale at $2,100,000, this property provides a straightforward option for those looking to purchase an office building rather than a smaller office suite.
The offering is positioned for buyers seeking an office building in Allen, Texas, with a clearly defined building size suitable for a range of office uses. For sale at $2,100,000, this property provides a straightforward option for those looking to purchase an office building rather than a smaller office suite.
Key Highlights
- For‑sale office building at 10 E McDermott Drive, Allen, TX
- Built in 2020
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 | $128.7k | $21.72 |
| − Vacancy | −$32.4k | −$5.47 |
| EGI | $96.3k | $16.25 |
| − OpEx | −$24.1k | −$4.06 |
| NOI | $72.2k | $12.18 |
5,925 SF · lease $21.72/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.03M
$902.5K – $1.20M
NOI $72,196 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,934 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hirsig-Frazier Co
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - For-sale office building located at 10 E McDermott Drive in Allen, TX.
Where is this office building located?
The property is located at 10 E McDermott Drive Allen, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: For‑sale office building at 10 E McDermott Drive, Allen, TX; Built in 2020
