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    Office Building with 8 Suites Title is generated by Realmo AI

    1405 W University Drive, McKinney, TX 75069

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    Claim this Listing
    For Sale
    $850,000

    SINGLE_FAMILY - McKinney, TX

    Type:Office
    Lot size:
    0.23 Acres
    Added:
    May 11, 2026
    Days on Market:
    23
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 1405 W University Drive

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    R0870028028Q1
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    COLLEGE ADDITION (CMC), BLK 28, LOT 28Q
    Tax Annual Amount
    5333

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1968
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Laminate
    Building materials
    WoodSiding
    Roof type
    Composition

    We can help!

    Listing Contact
    Wesley Haile

    Listing agent Wesley Haile License #0712321

    Listing office Russell Realty McKinney, TX

    Listing date May 11, 2026

    MLS# 21188717

    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

    • Commercial property with 8 separate suites
    • Located on University Dr in McKinney with a high daily traffic count
    • Built in 1968
    • Central heating with natural gas
    • Central air cooling (electric)
    • Public water and public sewer

    Overview

    This office property features eight separate suites, making it well-suited for tenants seeking individual offices or for an owner looking for a multi-tenant setup. The configuration supports operational flexibility and can help accommodate different business needs under one roof. It’s presented as a strong opportunity for an in-user or as an investment that can generate income.

    Located at 1405 W University Drive in McKinney, Texas, the building is positioned on University Drive and benefits from a high daily traffic count. The visibility and frequency of passersby make it a practical choice for office users that value storefront-style awareness and convenient commercial access along a busy thoroughfare.

    For owner-occupants, the separate-suite layout offers the ability to occupy one or more spaces while potentially leasing the remaining suites. For investors, the building’s multi-suite structure provides a straightforward path to diversification across multiple offices, rather than relying on a single tenancy. If you’re looking for a commercially oriented office building on a high-traffic road, this property is worth a closer look—schedule a tour to review the suites and discuss fit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Not Guilty Bail ... Law Firm PAR4 Discs LLC (Bike/Boat/Book/etc) Store Lifesafer Ignition Interlock Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.624829
    Latitude
    33.215761

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    FAQs

    What type of property is this?
    Office building - Multi-suite office building positioned on a high-traffic corridor, offering flexible space for owner-occupants or investors.
    Where is this office building located?
    The property is located at 1405 W University Drive 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: Commercial property with 8 separate suites; Located on University Dr in McKinney with a high daily traffic count; Built in 1968
    (469) 223-5972
    We can help!
    Listing Contact
    Wesley Haile
    Real Estate License ID: 0712321
    Request Owner's contact information
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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.

    More about this property
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