Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    McKinney Land Ready For Development Title is generated by Realmo AI

    1208 Old Mill Road, McKinney, TX 75069

    View on Map
    Claim this Listing
    For Sale
    $6,000,000

    LAND - McKinney, TX

    Lot size:
    11.83 Acres
    Added:
    Dec 11, 2025
    Days on Market:
    173
    Last Refresh:
    Jun 2 at 8:06 pm

    Property Features for 1208 Old Mill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    2655127
    Lot size
    11.83 Acres

    We can help!

    Listing Contact
    Tausha Motsenbocker

    Listing agent Tausha Motsenbocker License #0507354

    Listing office Tausha Motsenbocker Richardson, TX

    Listing date Dec 11, 2025

    MLS# 21109339 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 11.83‑acre tract suitable for industrial, commercial, or residential development.
    • Prime location in McKinney's growth corridor, a rapidly developing area of North Texas.
    • Proximity to McKinney National Airport provides strategic accessibility.
    • Borders the Heard Natural Science Museum and Wildlife Sanctuary, offering a unique natural backdrop.
    • Surrounded by high‑end business parks, luxury housing, and new infrastructure projects.
    • Flexibility to develop a state‑of‑the‑art industrial complex, boutique commercial park, or upscale residential enclave.

    Overview

    This 11.83-acre tract is positioned for industrial, commercial, or residential development. The property is located minutes from McKinney National Airport. Its rear property line borders the Heard Natural Science Museum and Wildlife Sanctuary. The surrounding area is transforming with business parks, housing, and new infrastructure projects.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Department Store Kitchen & Bath Showroom HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.607309
    Latitude
    33.162661

    Nearby Similar for Sale

    • $1,800,000
      5,000 SF

      Modern Farmhouse-Style Office Building

      Exceptional office building in McKinney, Texas, near major freeways.
      299 Eldorado Parkway, McKinney, TX 75069
      View Details
    • $995,000

      Turnkey Furnished Office Suites

      Two upgraded, fully furnished suites combine for flexible office and classroom setups with added sound and lighting features.
      2001 Auburn Hills Parkway, McKinney, TX 75071
      View Details
    • $515,000

      Office Plus Warehouse at Airport

      Versatile commercial property near Aero Country Airport in McKinney, TX.
      10035 Aeronca Lane, McKinney, TX 75071
      View Details
    • $939,000

      Fully Furnished Office Suites

      Move-in ready, high-finish office units offer immediate setup and flexible space options for owner-occupants or executives.
      2797 S Stonebridge Drive, McKinney, TX 75072
      View Details
    • $965,500

      Professional Office Space in McKinney

      Turnkey office building near major highways, suitable for various uses.
      3440 Eldorado Parkway, McKinney, TX 75070
      View Details
    • $950,000
      1,500 SF

      Retail Condo with Long-Term Tenant

      Retail condo with a 7+ year lease in McKinney, TX.
      4041 S Custer Road, McKinney, TX 75070
      View Details
    • $1,050,000
      2,880 SF

      Spacious Farm with Multiple Metal Shops

      Open-concept home with metal shops and income-generating tower lease.
      4360 County Road 411, McKinney, TX 75071
      View Details
    • $849,999

      Turnkey McKinney Office Opportunity

      2,900 SF medical/professional office in a high-growth area.
      3600 Eldorado Parkway, McKinney, TX 75070
      View Details
    • $1,000,000

      Remodeled Office/Retail Building Near Downtown

      Newly remodeled office/retail building near McKinney's historic downtown.
      500 S Tennessee Street, McKinney, TX 75069
      View Details
    • $1,500,000
      5,960 SF

      Historic McKinney Multifamily Investment Opportunity

      Income-producing multifamily property near Historic Downtown McKinney Square.
      303 N Waddill Street, McKinney, TX 75069
      View Details
    • $1,299,900
      4,628 SF

      Airpark Home with Detached Hangar

      Home with hangar and accessory dwelling unit in McKinney, TX.
      10115 General Bond Court, McKinney, TX 75071
      View Details
    • $652,000

      Class A Office Condo

      Modern office condo in a 25-building park, offering a reception area, private offices, and ample common parking.
      1400 N Coit Road, McKinney, TX 75071
      View Details

    FAQs

    What type of property is this?
    Land - 11.83 acres ideal for industrial, commercial, or residential development.
    Where is this land located?
    The property is located at 1208 Old Mill Road McKinney, TX.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: Large 11.83‑acre tract suitable for industrial, commercial, or residential development.; Prime location in McKinney's growth corridor, a rapidly developing area of North Texas.; Proximity to McKinney National Airport provides strategic accessibility.
    (972) 679-4905
    We can help!
    Listing Contact
    Tausha Motsenbocker
    Real Estate License ID: 0507354
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1208 Old Mill Road, McKinney, TX 75069
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!