Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7651 Eldorado Pkwy McKinney, TX 75070

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical/office space for lease in McKinney, Texas.

    Property size:
    1,767 SF
    Lot size:
    0.91 Acres

    Property Features for 7651 Eldorado Pkwy

    General Information

    Size
    1,767 SF
    Lot size
    0.91 Acres

    We can help!

    Listing Contact
    Sam Phillips
    Sam Phillips
    Source: Moodyscre

    Listing Agency: dba Commercial Real Estate Listing Agent: Sam Phillips

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical/Office Space For Lease

    This 1,767 square foot medical/office space is available for lease. The property benefits from its high-profile location at the intersection of Eldorado Parkway and Alma Road, and is situated one block from Methodist McKinney Hospital. Monument signage is available. The property offers direct frontage and access to Eldorado Parkway.
    Location Intelligence

    Current Use by Public Records

    Premier Tattoo Removal Tattoo & Piercing Shop BARED Skin Spa, ... Hair Salon Oladapo Akinkunmi Abodunde Physician Dr. Oladapo Abodunde Physician D. Nicole Hair ... Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    McKinney Animal Hospital, Highlands-Eldorado Veterinary Hospital

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.7172144
    Latitude
    33.1737864

    Nearby Similar for Lease

    • New
      $600 /Mo
      4,356 SF

      Professional Office Condo in McKinney

      Office condo with utilities included near Custer Rd and Stonebridge.
      3900 S Stonebridge Dr, McKinney, TX 75070
      View Details
    • $2,295 /Mo
      1,224 SF

      Professional Office Space in McKinney

      New 1225 SF office space in desirable McKinney location.
      6000 Alma Rd, McKinney, TX 75070
      View Details
    • $2,500 /Mo
      1,167 SF

      Modern Office Space in McKinney

      Functional office space with five private offices and conference room.
      1400 N Coit Rd, McKinney, TX 75071
      View Details
    • $4,800 /Mo
      1,424 SF

      Class A Office Suite

      Move-in ready office suite in a high-traffic McKinney location.
      1400 N Coit Rd, McKinney, TX 75071
      View Details
    • $2,900 /Mo
      10,759 SF

      Updated Office Building with Parking

      Well-maintained office with modern amenities, convenient parking, and great location.
      2252 E University Dr, McKinney, TX 75069
      View Details
    • $2,700 /Mo
      186,916 SF

      Move-in Ready McKinney Office Suite

      Professional office suite in a high-traffic McKinney location.
      1402 S Custer Rd, McKinney, TX 75072
      View Details
    • $3,066 /Mo
      1,185 SF

      New Office Condos For Lease

      Brand-new office condos for lease in prime McKinney location.
      3801 N Central Expy, McKinney, TX 75071
      View Details
    • $4,500 /Mo
      579,348 SF

      McKinney Office Space For Rent

      Office suite in prime North McKinney location near Dallas Tollway.
      1400 N Coit Rd, McKinney, TX 75071
      View Details
    • $3,000 /Mo
      561,924 SF

      Move-in Ready Office Space

      Professional office space in Collin Ridge Office Park, McKinney, TX
      6000 Alma Dr, McKinney, TX 75070
      View Details
    • $3,200 /Mo
      4,900 SF

      Move-in Ready Office Space

      Professional office space with high-end finishes, ready for immediate occupancy.
      6000 Alma Dr, McKinney, TX 75070
      View Details
    • $3,200 /Mo
      519,017 SF

      Move-in Ready Office Condo

      Functional office suite in a premium McKinney location.
      3900 S Stonebridge Dr, McKinney, TX 75070
      View Details
    • $25 SF/Yr
      237,838 SF

      McKinney Office Space For Lease

      Professional office space near Baylor Scott and White Medical Center.
      2001 Auburn Hills Pkwy, McKinney, TX 75071
      View Details

    FAQs

    What type of property is this?
    Medical office - Medical/office space for lease in McKinney, Texas.
    Where is this medical office located?
    The property is located at 7651 Eldorado Pkwy McKinney, TX.
    What are key features of this property?
    This property features: - High-profile intersection of Eldorado Pkwy & Alma Rd; - Direct frontage and access to Eldorado Pkwy; - One block from Methodist McKinney Hospital
    (214) 257-0200 Call to check price and availability
    Request Owner's contact information
    7651 Eldorado Pkwy McKinney, TX 75070
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7651 Eldorado Pkwy
    McKinney, TX 75070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7651 Eldorado Pkwy McKinney, TX 75070
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sam Phillips
    Sam Phillips
    (214) 257-0200 (214) 206-1585
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!