1405 W University Drive, McKinney, TX 75069
Office property with eight suites on busy University Drive.
- Added:
- Apr 22, 2026
- Days on Market:
- 50
- Last Refresh:
- Apr 22 at 5:22 pm
Property Features for 1405 W University Drive
General Information
- Standard status
- Active
- Size
- 3,890 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing agent Wesley Haile
Listing office Russell Realty
Listing date Apr 22, 2026
Source Signaturere
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
HighLights
- High traffic location on University Dr in McKinney
- 8 separate suites
- Investment opportunity
- Suitable for an In‑User
- Potential for income to offset costs
- Located in a busy area
Overview
Local Financial Insights For Office B
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 | $85.4k | $21.96 |
| − Vacancy | −$18.8k | −$4.83 |
| EGI | $66.6k | $17.13 |
| − OpEx | −$16.7k | −$4.28 |
| NOI | $50.0k | $12.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- McKinney
- County
- Collin
- State
- Texas
- Longitude
- -96.6248265
- Latitude
- 33.2157598
