Three-Level Short-Term Rental
New
For Sale
$974,900
122 S Church #118 Street, McKinney, TX 75069
CommercialSale, McKinney, TX
Property Size3,360 SF
Lot Size0.08 Acres
Price / SF$290.15
Days on Market2
Property Features for 122 S Church #118 Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Township Edge
Parking features
Open, Garage, Alley
Subdivision
Mckinney Outlots
Lot features
Interior Lot, Landscaped, Historic District
Directions
From Hwy 75 - East on Louisiana - South on Church - Townhomes are on the right (just across from The Yard restaurant)
Standard status
Active
APN
R1337800A00401
Size
3,360 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
108 S. CHURCH ADDITION (CMC), BLK A, LOT 4
Tax Annual Amount
7554
Legal Description
108 S. CHURCH ADDITION (CMC), BLK A, LOT 4
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
3
Number of units
1
Flooring type
Tile, Engineered
Building materials
Brick, WoodSiding
Listing Agency:
Keller Williams NO. Collin Cty · Keller Williams Realty
(972) 562-8883
Listed By:
Darcy Richter · License #0639583
(972) 467-8230
Added: Oct 16
Last Checked: Oct 17 at 1:06AM
MLS# 21412224
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.
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Investment Insights
Based on property information with market context.
This under-construction, three-level townhome offers approximately 3,360 square feet, including four private ensuite bedrooms and multiple living areas. Finishes include tile and engineered flooring, and the property has an attached two-car garage. The lot measures 0.076 acres.
The property is across from The Yard and near Historic Downtown McKinney Square, with downtown dining, entertainment, shopping, and year-round events in the surrounding area. It is in the Town Edge zoning district. Short-term accommodations, executive rentals, professional offices, and mixed residential and business use are identified as possibilities, subject to city approval and applicable regulations.
The property is across from The Yard and near Historic Downtown McKinney Square, with downtown dining, entertainment, shopping, and year-round events in the surrounding area. It is in the Town Edge zoning district. Short-term accommodations, executive rentals, professional offices, and mixed residential and business use are identified as possibilities, subject to city approval and applicable regulations.
Key Highlights
- Approximately 3,360 square feet across three levels
- Four private ensuite bedrooms and multiple living areas
- Attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,419
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,380
$1.2M
Cap Rate 7%
$834,557
$834.6K
Cap Rate 9%
$649,100
$649.1K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$118.9K $35.40/SF
− Vacancy
−$12.7K −$3.79/SF
EGI
$106.2K $31.61/SF
− OpEx
−$47.8K −$14.23/SF
NOI
$58.4K $17.39/SF
Area
McKinney, TX
Vacancy
10.70%
Lease Rate
$35.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,380
Cap Rate 7%
$834,557
Cap Rate 9%
$649,100
Alternative Uses
Best Use
Apartment 5plus
$834.6K
$730.2K – $973.7K
NOI $58,419 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$944.6K
$826.6K – $1.10M
NOI $66,125 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 75069, TX
39,084
Population
16,958
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
88%
High-School Grad
33.7 sq mi
ZIP Area
1,160
Density / Sq Mi
$82,804
Median Household Income
$42,816
Median Earnings
$1,530
Median Rent
$413,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Four ensuite bedrooms and an attached garage offer a flexible residential layout near downtown dining, shopping, and events.
Where is this short term rental property located?
The property is located at 122 S Church #118 Street McKinney, TX.
What is the asking price?
The asking price for this property is $974,900.
What are key features of this property?
This property features: Approximately 3,360 square feet across three levels; Four private ensuite bedrooms and multiple living areas; Attached two‑car garage
