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    5601 Virginia Pkwy McKinney, TX 75071

    Sponsored
    For Sale
    $4,000,000

    Prime McKinney office, 1.15 acres, 100% leased.

    Property size:
    11,187 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 11,187 square foot office building in McKinney, Texas, presents a compelling investment opportunity. Situated on a 1.15-acre lot, this multi-tenant property boasts a desirable location just east of Ridge Road, providing convenient access to major thoroughfares like Highway 380 and US 75. Built in 2000, the building features wood-framed construction and ample parking, with a ratio of 4.45 spaces per 1,000 square feet. Currently, the property is 100% leased at closing, with a master lease in place for six months, ensuring immediate cash flow. The property comprises two buildings, currently occupied by four tenants. Two vacant units (1 and 1A) are available for lease at $20 per square foot, plus $8 in NNN expenses. This presents a strong potential for increased revenue through additional leasing. The 7.25% capitalization rate makes this a highly attractive investment for those seeking a stable, income-producing asset in a thriving McKinney location. The property's strategic location and strong tenant occupancy make it an ideal addition to any commercial real estate portfolio. The existing lease structure minimizes vacancy risk, offering a secure and profitable investment opportunity.

    Property Features for 5601 Virginia Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    11,187 SF
    Lot Size
    50,094 SF

    Building Details

    Year Built
    2000
    Property Profile Location Intelligence

    Current Use by Public Records

    MyStoneBridgeDentist.com Dentist Masha Shturman, DDS Dentist Visiting Nurse Association ... Hospice Family & Cosmetic Dentistry Dentist Pure Roofing McKinney Roofing Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.69127
    Latitude
    33.19823

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    FAQs

    What type of property is this?
    Office Property / Space - Prime McKinney office, 1.15 acres, 100% leased.
    Where is this office property / space located?
    The property is located at 5601 Virginia Pkwy McKinney, TX.
    What is the asking price?
    The asking price for this property is $4,000,000.
    Request Owner's contact information
    5601 Virginia Pkwy McKinney, TX 75071
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    McKinney, TX 75071
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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
    5601 Virginia Pkwy McKinney, TX 75071
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