Medical Office Suite
For Sale
Contact for pricing
1400 N Coit Road Suite 503, McKinney, TX 75071
Three fully finished office and medical suites are offered as a fully leased, stabilized investment portfolio.
Property Size4,131 SF
Price / SF$447
Days on Market53
Property Features for 1400 N Coit Road Suite 503
General Information
Standard status
Active
Size
4,131 SF
Class
A
Property subtype
Office
Occupancy
100%
Investment Type
Stabilized
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Office Units
3
Building Details
Year Built
2020
Buildings
2
Units
3
Tenancy
Multi
Listing Agency:
Rockhill Commercial Real Estate
Listed By:
Tonya LaBarbera · License #678307
Source:
Crexi
Added: Jul 8
Changed: Aug 14
Last Checked: Aug 26 at 5:15PM
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 Rockhill Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering features three fully finished office and medical suites within a single stabilized, fully leased portfolio. The suites are described as high-end and are positioned to support consistent income generation with existing tenants.
The property is located within Crescent Parc, a 25-building office project off Coit Road in McKinney. The remarks also note seamless connectivity to Dallas North Tollway, Preston Road, and US Highway 380, with nearby lifestyle amenities including Gates of Prosper, Market Street, dining, retail, and PGA Headquarters.
The property is located within Crescent Parc, a 25-building office project off Coit Road in McKinney. The remarks also note seamless connectivity to Dallas North Tollway, Preston Road, and US Highway 380, with nearby lifestyle amenities including Gates of Prosper, Market Street, dining, retail, and PGA Headquarters.
Key Highlights
- Built in 2020 and includes three fully finished office and medical suites
- Fully leased, stabilized portfolio with consistent income generation
- Situated within Crescent Parc, a 25‑building office project off Coit Road in McKinney
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
$53,538
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
2.90%
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%
$1,070,760
$1.1M
Cap Rate 7%
$764,829
$764.8K
Cap Rate 9%
$594,867
$594.9K
Market Conditions
NOI Build-Up for 4,131 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
$99.1K $24.00/SF
− Vacancy
−$9.9K −$2.40/SF
EGI
$89.2K $21.60/SF
− OpEx
−$35.7K −$8.64/SF
NOI
$53.5K $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%
$1,070,760
Cap Rate 7%
$764,829
Cap Rate 9%
$594,867
Alternative Uses
Best Use
Healthcare Medical
$764.8K
$669.2K – $892.3K
NOI $53,538 @ 7.0% cap · market cap 2.90%
Second Best
Office B
$758.1K
$663.4K – $884.5K
NOI $53,069 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,298 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Turnkey business
Opportunity
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Three fully finished office and medical suites are offered as a fully leased, stabilized investment portfolio.
Where is this office units located?
The property is located at 1400 N Coit Road Suite 503 McKinney, TX.
What is the asking price?
The asking price for this property is $1,846,557.
What are key features of this property?
This property features: Built in 2020 and includes three fully finished office and medical suites; Fully leased, stabilized portfolio with consistent income generation; Situated within Crescent Parc, a 25‑building office project off Coit Road in McKinney
