Office Suite with Conference
For Sale
$605,661
1400 N Coit Rd Unit 1705, McKinney, TX 75071
Move-in-ready professional suite with private offices, kitchenette, restroom, storage, and controlled HVAC.
Property Size1,337 SF
Price / SF$453
Days on Market11
Property Features for 1400 N Coit Rd Unit 1705
General Information
Standard status
Active
Size
1,337 SF
Class
Class A
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
reception area
conference room
private offices
breakroom with kitchenette
private restroom
storage closet
attic access
luxury vinyl plank flooring
vaulted ceilings
modern lighting
automatic blinds
abundant natural light
tenant-controlled HVAC
Building Details
Year Built
2025
Listing Agency:
Zenappy Realty
(214) 430-2895
Listed By:
Sasidhar Kaligotla · License #0749528
Source:
Minteerteam
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 1:06PM
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 Zenappy Realty
Investment Insights
Based on property information with market context.
This 1,337 SF office suite, built in 2025, provides a complete professional layout with reception, conference room, four private offices, breakroom and kitchenette, private restroom, storage closet, and attic access. Interior features include luxury vinyl plank flooring, vaulted ceilings, contemporary lighting, automatic blinds, and substantial natural light. Tenant-controlled HVAC supports individualized temperature settings.
The suite is located in Crescent Parc professional office park at the northwest corner of Coit Road and US Highway 380 in McKinney, Texas. Its position provides access to McKinney, Frisco, Prosper, Celina, and surrounding North Texas communities. The property address is 1400 N Coit Rd Unit 1705, McKinney, TX 75071.
The suite is located in Crescent Parc professional office park at the northwest corner of Coit Road and US Highway 380 in McKinney, Texas. Its position provides access to McKinney, Frisco, Prosper, Celina, and surrounding North Texas communities. The property address is 1400 N Coit Rd Unit 1705, McKinney, TX 75071.
Key Highlights
- 1,337 SF office suite built in 2025
- Reception area, conference room, and four private offices
- Breakroom with kitchenette, private restroom, storage closet, and attic access
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
$17,328
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
2.86%
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%
$346,560
$346.6K
Cap Rate 7%
$247,543
$247.5K
Cap Rate 9%
$192,533
$192.5K
Market Conditions
NOI Build-Up for 1,337 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
$32.1K $24.00/SF
− Vacancy
−$3.2K −$2.40/SF
EGI
$28.9K $21.60/SF
− OpEx
−$11.6K −$8.64/SF
NOI
$17.3K $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%
$346,560
Cap Rate 7%
$247,543
Cap Rate 9%
$192,533
Alternative Uses
Best Use
Healthcare Medical
$247.5K
$216.6K – $288.8K
NOI $17,328 @ 7.0% cap · market cap 2.86%
Second Best
Office B
$245.4K
$214.7K – $286.3K
NOI $17,176 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$375.9K
$328.9K – $438.5K
NOI $26,312 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
Demographics for 75071, TX
64,449
Population
23,861
Households
2.7
Avg Household Size
35
Median Age
51%
College-Educated
94%
High-School Grad
74.1 sq mi
ZIP Area
870
Density / Sq Mi
$132,839
Median Household Income
$63,459
Median Earnings
$2,105
Median Rent
$448,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready professional suite with private offices, kitchenette, restroom, storage, and controlled HVAC.
Where is this office units located?
The property is located at 1400 N Coit Rd Unit 1705 McKinney, TX.
What is the asking price?
The asking price for this property is $605,661.
What are key features of this property?
This property features: 1,337 SF office suite built in 2025; Reception area, conference room, and four private offices; Breakroom with kitchenette, private restroom, storage closet, and attic access
