Bed & Breakfast with
New
For Sale
$840,000
811 N Church Street, McKinney, TX 75069
Four suites, remodeled baths, expansive entertaining spaces, and pool and spa support flexible hospitality use.
Property Size3,525 SF
Lot Size0.41 Acres
Days on Market6
Property Features for 811 N Church Street
General Information
Standard status
Active
Size
3,525 SF
Total Parking Spaces
2
Lot size
0.41 Acres
Property subtype
Business
Amenities
pool and spa
gazebo
wrap-around porch
flagstone patio
Building Details
Building Size
3,525 SF
Year Built
1920
Listing Agency:
Compass RE Texas, LLC
(682) 226-6938
Listed By:
Denise Johnson · License #0587659
Source:
Sociallivingre
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 4 at 9:11AM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
Known as The Red Gate Inn, this 1920 property offers a four-bedroom, 4 full and 1 half bath configuration with remodeled interior spaces, hardwood floors, and natural light. The main house includes three bedrooms with ensuite baths, an expansive kitchen with stainless steel appliances, Viking gas range, double ovens, vented hood, large island, granite countertops, and built-in buffet. Dining and living areas connect to an oversized living room with gas fireplace. Two upstairs suites include sitting areas and remodeled baths, while a fourth suite above the detached two-car garage includes a fireplace and full bath.
The property sits on a .41-acre corner lot at 811 N Church Street in McKinney, within walking distance to McKinney Square. Exterior features include a flagstone patio, wrap-around porch, gazebo, multiple gathering areas, oversized yard, pool, and spa. The property previously operated as a Bed & Breakfast and is positioned for continued hospitality or short-term rental use. The seller will replace the main house roof and add gutters before closing.
The property sits on a .41-acre corner lot at 811 N Church Street in McKinney, within walking distance to McKinney Square. Exterior features include a flagstone patio, wrap-around porch, gazebo, multiple gathering areas, oversized yard, pool, and spa. The property previously operated as a Bed & Breakfast and is positioned for continued hospitality or short-term rental use. The seller will replace the main house roof and add gutters before closing.
Key Highlights
- 4‑bed, 4 full & 1 half bath property on a .41‑acre corner lot
- Previously operated as a Bed & Breakfast
- Detached two‑car garage with a fourth bedroom suite above
Financial Insights For Apartment 5plus
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 | $124.8k | $35.40 |
| − Vacancy | −$13.4k | −$3.79 |
| EGI | $111.4k | $31.61 |
| − OpEx | −$50.1k | −$14.23 |
| NOI | $61.3k | $17.39 |
3,525 SF · lease $35.40/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$875.5K
$766.1K – $1.02M
NOI $61,288 @ 7.0% cap · market cap 7.30%
Second Best
Hotel Hospitality
$305.0K
$266.9K – $355.8K
NOI $21,348 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$991.0K
$867.2K – $1.16M
NOI $69,372 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Four suites, remodeled baths, expansive entertaining spaces, and pool and spa support flexible hospitality use.
Where is this bed & breakfast located?
The property is located at 811 N Church Street McKinney, TX.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: 4‑bed, 4 full & 1 half bath property on a .41‑acre corner lot; Previously operated as a Bed & Breakfast; Detached two‑car garage with a fourth bedroom suite above
