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    3180 Eldorado Pkwy McKinney, TX 75070

    For Sale
    $3,500,000

    High-Yield Retail Complex in McKinney, TX

    Property size:
    12,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 12,000-square-foot retail property, situated on a 1.1-acre lot at 3180 Eldorado Parkway in McKinney, Texas, presents a compelling investment opportunity. Currently 85% leased to five diverse tenants, this multi-tenant complex boasts a strong pro forma cap rate of 6.47%. The leases are in place with terms extending through 2034, providing long-term stability and predictable income streams. Built-in rental escalations further enhance the investment's potential for future growth. The property's prime location just off Eldorado Parkway ensures high visibility and accessibility, benefiting from significant daily traffic exceeding 27,000 vehicles. This translates to substantial foot traffic and exposure for the tenants, contributing to the overall strength of the investment. The thriving McKinney market offers a dynamic and expanding commercial landscape, making this retail center an attractive prospect for investors seeking a stable, high-yield asset with long-term growth potential. The property's current occupancy and lease terms provide immediate cash flow, while the location and market conditions suggest a promising future for appreciation. This is a rare opportunity to acquire a well-positioned, multi-tenant retail complex in a rapidly growing Texas city. The asking price is $3,500,000.

    Property Features for 3180 Eldorado Pkwy

    General Information

    Property type
    Retail properties
    Square Feet
    12,000 SF
    Lot Size
    47,916 SF

    Building Details

    Year Built
    2006
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zoom Room Dog ... Dog Trainer Furkids & Friends (Formerly ... Pet Boarding Service The Mutt Puddle Pet Groomer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.66608
    Latitude
    33.16936

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    FAQs

    What type of property is this?
    Retail property - High-Yield Retail Complex in McKinney, TX
    Where is this retail property located?
    The property is located at 3180 Eldorado Pkwy McKinney, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    Request Owner's contact information
    3180 Eldorado Pkwy McKinney, TX 75070
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3180 Eldorado Pkwy McKinney, TX 75070
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