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    Class A Office Condo Title is generated by Realmo AI

    1400 N Coit Road, McKinney, TX 75071

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    For Sale
    $652,000

    SINGLE_FAMILY - McKinney, TX

    Type:Office
    Lot size:
    0.03 Acres
    Added:
    May 24, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 1400 N Coit Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Property condition
    Under Construction
    Standard status
    Active
    APN
    2906267
    Lot size
    0.03 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    Brick, Concrete
    Roof type
    Shingle

    We can help!

    Listing Contact
    Sasidhar Kaligotla

    Listing agent Sasidhar Kaligotla License #0749528

    Listing office Zenappy Realty Frisco, TX

    Listing date May 24, 2026

    MLS# 21279995

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Class A office condo under construction, with 2025 year built
    • Modern interior includes reception area, conference room, and five private offices
    • Restroom and kitchenette included, plus storage closet and attic access
    • Central heating and central air, with luxury vinyl plank/vinyl flooring
    • Brick and concrete construction with shingle roof
    • Public water and public sewer; includes building signage and ample common parking

    Overview

    This Class A office condo offers a polished, professional interior with a reception area, conference room, five private offices, restroom, kitchenette, and storage closet. Additional conveniences include attic access, vaulted ceilings, abundant natural light, luxury vinyl plank flooring, and designer-selected finishes throughout. The rear access opens to a landscaped green space, adding practical outdoor convenience within the building environment.

    Located near Coit Road and Highway 380 in McKinney, the suite sits within a premier 25-building office park. Building signage, professional landscaping, and ample common parking support everyday client and staff needs, while water service is included.

    Well suited for established professionals and clinical-oriented practices, the layout supports both consultation and team collaboration with dedicated private offices alongside a reception and conference space. The configuration also provides flexibility for medical or dental uses seeking a modern, turnkey office setting within a maintained corporate park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Gym & Fitness Center Department Store Kitchen & Bath Showroom Storage Facility Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Total Care Animal Hospital — 2120 Richland Blvd #10, Prosper, TX 75078

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.765518
    Latitude
    33.216147

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    FAQs

    What type of property is this?
    Medical Office Space - Modern office condo in a 25-building park, offering a reception area, private offices, and ample common parking.
    Where is this medical office space located?
    The property is located at 1400 N Coit Road McKinney, TX.
    What is the asking price?
    The asking price for this property is $652,000.
    What are key features of this property?
    This property features: Class A office condo under construction, with 2025 year built; Modern interior includes reception area, conference room, and five private offices; Restroom and kitchenette included, plus storage closet and attic access
    (214) 430-2895
    We can help!
    Listing Contact
    Sasidhar Kaligotla
    Real Estate License ID: 0749528
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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