Property profile

10021 Virginia Pkwy McKinney, TX 75071

FOR SALE
Commercial land
Property ID
US82-Q023805
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Property summary

AI-generated overview

Vanguard Real Estate Advisors (“VREA”) has been exclusively retained by Ownership to offer the opportunity to purchase a 1.5+/- acre commercial development site out of a larger 2.5+/- acre Site located at 10021 Virginia Parkway in McKinney, TX (the “Site”). The Site is currently zoned C-2 (Local Commercial District) creating the opportunity for a variety of commercial uses for a potential purchaser. Its prime location at the hard corner of Virginia Parkway and Independence Parkway offers excellent visibility and easy access, making it a highly desirable development Site. The Dallas North Tollway is located approximately 4 miles west of the Site, US 75 is approximately 6.5 miles to the East, and US 380 is less than a mile to the North. The Site is located at a busy intersection with no existing retail. The locations demographics are extremely strong, with a one-mile median household income of $189,000 and a one-mile median home value of $658,333. This is an excellent opportunity to acquire a hard corner in one of the fastest growing markets in Texas at a price of $35 psf. Note that 1+/- acre of the larger 2.5+/- acre Site is currently under contract thus leaving the remaining 1.5+/- acres for sale. To gain access to the Due Diligence Vault click on the link below: Due Diligence Vault - 2.5+/- Acres McKinney A 2% co-broker fee is available to a Broker that sources a Principal that VREA has not previously contacted in any format or sent information to regarding this opportunity; a third party broker must register their client upon initial contact with VREA.

Property profile

Verified
Property type Commercial land
UPID US82-Q023805

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10021 Virginia Pkwy McKinney, TX 75071
McKinney metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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