Medical Office Space with New
For Sale
$449,000
103 McKinney St, Farmersville, TX 75442
Leased medical facility with a layout suited to patient care and professional office functions.
Property Size2,363 SF
Price / SF$190.01
Days on Market49
Property Features for 103 McKinney St
General Information
Standard status
Active
Size
2,363 SF
Building Details
Year Built
1900
Tenancy
Single
Listing Agency:
Coldwell Banker Apex, REALTORS
Listed By:
Jamie NeSmith · License #0759300
(903) 456-6801
Source:
Yourdavisteam
Added: Sep 4
Changed: Oct 3
Last Checked: Oct 7 at 2:15PM
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 Coldwell Banker Apex, REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,363-square-foot medical office property is currently leased and operating as a medical facility. The building dates to 1900 and has a functional configuration that supports patient care, professional offices, and specialized services. Recent improvements include a new HVAC system and hot water heater.
The property is located at 103 McKinney St in Historic Downtown Farmersville, Texas. Its central setting provides visibility and access for patients, clients, and staff, with local amenities and major thoroughfares described as minutes away. The existing medical use and adaptable interior layout provide a clear foundation for continued professional or healthcare operations.
The property is located at 103 McKinney St in Historic Downtown Farmersville, Texas. Its central setting provides visibility and access for patients, clients, and staff, with local amenities and major thoroughfares described as minutes away. The existing medical use and adaptable interior layout provide a clear foundation for continued professional or healthcare operations.
Key Highlights
- 2,363‑square‑foot medical office property
- Currently leased and operating as a medical facility
- Functional layout for patient care, offices, or specialized services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,858
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,160
$657.2K
Cap Rate 7%
$469,400
$469.4K
Cap Rate 9%
$365,089
$365.1K
Market Conditions
NOI Build-Up for 2,363 SF
Gross rent
$61.5K $26.04/SF
− Vacancy
−$6.8K −$2.86/SF
EGI
$54.8K $23.18/SF
− OpEx
−$21.9K −$9.27/SF
NOI
$32.9K $13.91/SF
Area
Collin County, TX
Vacancy
11.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,160
Cap Rate 7%
$469,400
Cap Rate 9%
$365,089
Alternative Uses
Best Use
Healthcare Medical
$469.4K
$410.7K – $547.6K
NOI $32,858 @ 7.0% cap · market cap 7.32%
Second Best
Office B
$428.1K
$374.6K – $499.5K
NOI $29,967 @ 7.0% cap · market cap 6.67%
Theoretical Best
Industrial
$2.35M
$2.05M – $2.74M
NOI $164,361 @ 7.0% cap · market cap 36.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75442, TX
11,241
Population
4,060
Households
2.8
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
107.6 sq mi
ZIP Area
104
Density / Sq Mi
$84,591
Median Household Income
$48,482
Median Earnings
$1,501
Median Rent
$330,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Farmersville Veterinary Clinic — 610 S State Hwy 78, Farmersville, TX 75442
- Lane Larry DVM — 610 S State Hwy 78, Farmersville, TX 75442
- All Heart Veterinary Center — 1022 S State Hwy 78, Farmersville, TX 75442
Frequently Asked Questions
What type of property is this?
Medical Office Space - Leased medical facility with a layout suited to patient care and professional office functions.
Where is this medical office space located?
The property is located at 103 McKinney St Farmersville, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,363‑square‑foot medical office property; Currently leased and operating as a medical facility; Functional layout for patient care, offices, or specialized services
