Multi-Suite Office
For Sale
$850,000
1405 W University Dr, McKinney, TX 75069
Eight private suites provide a flexible configuration along University Drive in McKinney.
Property Size3,980 SF
Price / SF$213.57
Days on Market86
Property Features for 1405 W University Dr
General Information
Standard status
Active
Size
3,980 SF
Additional Details
Office Units
8
Building Details
Year Built
1968
Listing Agency:
Russell Realty
Listed By:
Wesley Haile · License #0712321
(469) 919-4567
Source:
Yourdavisteam
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 13 at 1:53AM
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 Russell Realty
Investment Insights
Based on property information with market context.
This 3,980-square-foot office building contains 8 separate suites, providing a multi-occupant layout within an established commercial property. The building dates to 1968 and is positioned along W University Dr in McKinney.
The property is located at 1405 W University Dr, McKinney, TX 75069, on a corridor described as carrying high daily traffic. Its suite count and office configuration support consideration by users seeking multiple spaces within one building.
The property is located at 1405 W University Dr, McKinney, TX 75069, on a corridor described as carrying high daily traffic. Its suite count and office configuration support consideration by users seeking multiple spaces within one building.
Key Highlights
- 3,980‑square‑foot office building
- 8 separate suites
- Built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,129
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,580
$1.0M
Cap Rate 7%
$730,414
$730.4K
Cap Rate 9%
$568,100
$568.1K
Market Conditions
NOI Build-Up for 3,980 SF
Gross rent
$87.4K $21.96/SF
− Vacancy
−$19.2K −$4.83/SF
EGI
$68.2K $17.13/SF
− OpEx
−$17.0K −$4.28/SF
NOI
$51.1K $12.85/SF
Area
McKinney, TX
Vacancy
22.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,580
Cap Rate 7%
$730,414
Cap Rate 9%
$568,100
Alternative Uses
Best Use
Office B
$730.4K
$639.1K – $852.2K
NOI $51,129 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$979.1K – $1.31M
NOI $78,326 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Office units
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Eight private suites provide a flexible configuration along University Drive in McKinney.
Where is this office building located?
The property is located at 1405 W University Dr McKinney, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,980‑square‑foot office building; 8 separate suites; Built in 1968
