Office Suites on University
1405 W University Drive McKinney, TX 75069
1405 W University Drive, McKinney, TX, 75069
$850,000
For Sale
$850,000
Office property with eight suites on busy University Drive.
Property Size3,890 SF
Price / SF$218.51
Days on Market91
Property Features for 1405 W University Drive
General Information
- Standard status
- Active
- Size
- 3,890 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing agency
Russell Realty
(469) 919-4567
Listed by
Wesley Haile · License #0712321
(214) 449-7767
Source
Signaturere
Added: Apr 22 Updated: Jul 10 at 1:18PM Checked: Jul 19 at 5:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russell Realty
Investment Insights
Based on property information with market context.
This commercial property features eight separate office suites. Situated on University Drive in McKinney, Texas, the location benefits from high daily traffic. This property presents an opportunity for an owner-user seeking an investment. The property contains 3,890 square feet of space.
Key Highlights
- High traffic location on University Dr in McKinney
- 8 separate suites
- Investment opportunity
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.4k | $21.96 |
| − Vacancy | −$18.8k | −$4.83 |
| EGI | $66.6k | $17.13 |
| − OpEx | −$16.7k | −$4.28 |
| NOI | $50.0k | $12.85 |
3,890 SF · lease $21.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$713.9K
$624.7K – $832.9K
NOI $49,973 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$956.9K – $1.28M
NOI $76,555 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Not Guilty Bail ...
Law Firm
PAR4 Discs LLC
(Bike/Boat/Book/etc) Store
Lifesafer Ignition Interlock
Building Supply
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FAQs
What type of property is this?
Office units - Office property with eight suites on busy University Drive.
Where is this office units located?
The property is located at 1405 W University Drive McKinney, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High traffic location on University Dr in McKinney; 8 separate suites; Investment opportunity
