Medical Office with Conference
For Sale
Contact for pricing
7300 Eldorado Pkwy, McKinney, TX 75072
Medical office building offering multiple specialties and two onsite conference centers for tenant use.
Property Size1,197 SF
Price / SF$400
Days on Market776
Property Features for 7300 Eldorado Pkwy
General Information
Standard status
Active
Size
1,197 SF
Property subtype
OFFICE
Amenities
conference center
Listing Agency:
Appian Commercial Realty
(972) 562-9988
Listed By:
Preston Taylor · License #734185
Source:
Moodyscre
Added: Jun 24, 2024
Changed: Jul 27
Last Checked: Jul 27 at 9:25AM
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 Appian Commercial Realty
Investment Insights
Based on property information with market context.
This medical office building is located within the Stonebridge Ranch master-planned development and offers a broad range of onsite specialties. Reported specialties include Family Medicine, Orthopedics, Physical Medicine and Physical Therapy & Rehabilitation, Gastroenterology, Cardiology, General Surgery, Neuropsychology, Dermatology, Allergy/Ear/Nose/Throat, Ophthalmology, Neurology, Psychiatry, Electrophysiology, and Nephrology. The building also includes two onsite conference centers available for tenant use.
The property sits on the northeast corner of Eldorado Parkway and Alma Rd in McKinney, TX. The remarks state it is centrally located between multiple hospitals, including Methodist, Medical City, Baylor Scott & White, and Texas Health Presbyterian.
As presented, the asset is a dedicated healthcare facility with onsite specialty mix and tenant-accessible meeting space.
The property sits on the northeast corner of Eldorado Parkway and Alma Rd in McKinney, TX. The remarks state it is centrally located between multiple hospitals, including Methodist, Medical City, Baylor Scott & White, and Texas Health Presbyterian.
As presented, the asset is a dedicated healthcare facility with onsite specialty mix and tenant-accessible meeting space.
Key Highlights
- Medical office building in the Stonebridge Ranch master‑planned development
- Located on the NE corner of Eldorado Parkway and Alma Rd in McKinney, TX
- Centrally located between Methodist, Medical City, Baylor Scott & White, and Texas Health Presbyterian hospitals
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,513
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,260
$310.3K
Cap Rate 7%
$221,614
$221.6K
Cap Rate 9%
$172,367
$172.4K
Market Conditions
NOI Build-Up for 1,197 SF
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.
Gross rent
$28.7K $24.00/SF
− Vacancy
−$2.9K −$2.40/SF
EGI
$25.9K $21.60/SF
− OpEx
−$10.3K −$8.64/SF
NOI
$15.5K $12.96/SF
Area
McKinney, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,260
Cap Rate 7%
$221,614
Cap Rate 9%
$172,367
Alternative Uses
Best Use
Healthcare Medical
$221.6K
$193.9K – $258.6K
NOI $15,513 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.5K
$294.5K – $392.6K
NOI $23,557 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 75072, TX
55,538
Population
18,618
Households
3
Avg Household Size
38
Median Age
62%
College-Educated
98%
High-School Grad
12.1 sq mi
ZIP Area
4,590
Density / Sq Mi
$155,294
Median Household Income
$74,341
Median Earnings
$2,317
Median Rent
$472,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Medical office building offering multiple specialties and two onsite conference centers for tenant use.
Where is this medical center located?
The property is located at 7300 Eldorado Pkwy McKinney, TX.
What is the asking price?
The asking price for this property is $478,800.
What are key features of this property?
This property features: Medical office building in the Stonebridge Ranch master‑planned development; Located on the NE corner of Eldorado Parkway and Alma Rd in McKinney, TX; Centrally located between Methodist, Medical City, Baylor Scott & White, and Texas Health Presbyterian hospitals
