Medical Office Suite
1400 N Coit Road Suite 503 McKinney, TX 75071
1400 N Coit Road Suite 503, McKinney, TX, 75071
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For Sale
Contact for pricing
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 Market10
Property Features for 1400 N Coit Road Suite 503
General Information
- Standard status
- Active
- Size
- 4,131 SF
- Property subtype
- Office
Building Details
- Year Built
- 2020
Listing Agency
Rockhill Commercial Real Estate
Listed by
Tonya LaBarbera · License #678307
Source
Crexi
Added: Jul 8 Checked: Jul 15 at 4:31 pm
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
Local Financial Insights For Healthcare Medical
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 | $99.1k | $24.00 |
| − Vacancy | −$9.9k | −$2.40 |
| EGI | $89.2k | $21.60 |
| − OpEx | −$35.7k | −$8.64 |
| NOI | $53.5k | $12.96 |
4,131 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
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
