Versatile McKinney Commercial Property For
1450 Redbud Boulevard McKinney, TX 75069
For Sale
$5,000,000
Freestanding building suitable for offices, retail, medical, and more.
Property Size12,446 SF
Price / SF$401.74
Days on Market96
Property Features for 1450 Redbud Boulevard
General Information
- Standard status
- Active
- Size
- 12,446 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1991
Listing Agency:
Redbud Offices LLC
(469) 434-7300
Listed By:
Anoo Sathappun · License #0635204
(469) 434-7300
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 25 at 9:15AM
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 Redbud Offices LLC
Investment Insights
Based on property information with market context.
This freestanding commercial property is located at the southeast corner of US 75, US 121, and Highway 380 in a thriving area of McKinney. The 12,446-square-foot facility features an elegant design with modern amenities. The first floor includes beautiful tile flooring throughout the hallway and hard flooring inside the offices. The property includes separate restroom stalls for male and female. The building's layout promotes efficiency, making it suitable for various professional endeavors. Permitted uses include banking, professional offices, medical facilities, schools (both private and general), animal care services, personal services, hotels, indoor reception and event centers, recreational areas, churches, dine-in restaurants, and brew pubs. The property is surrounded by trees and offers ample parking. Additional features include a walking trail around the building, an outdoor sitting area, and open lobbies with tall windows designed to facilitate employee and client connections and networking.
Key Highlights
- Prime location at the corner of US75, US121 & Highway 380.
- Versatile building uses allowed: Banking, Professional Offices, Medical, Schools, Hotel, Restaurant, and more.
- Ample parking and surrounded by trees.
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 | $273.3k | $21.96 |
| − Vacancy | −$60.1k | −$4.83 |
| EGI | $213.2k | $17.13 |
| − OpEx | −$53.3k | −$4.28 |
| NOI | $159.9k | $12.85 |
12,446 SF · lease $21.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.28M
$2.00M – $2.66M
NOI $159,889 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,937 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
American Red Cross-Dallas ...
Social Service Agency
RCCG-EKKLESIA HOUSE
Church
The Living Room
Community Center
Unev Technologies
Engineer
FAQs
What type of property is this?
Office building - Freestanding building suitable for offices, retail, medical, and more.
Where is this office building located?
The property is located at 1450 Redbud Boulevard McKinney, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime location at the corner of US75, US121 & Highway 380.; Versatile building uses allowed: Banking, Professional Offices, Medical, Schools, Hotel, Restaurant, and more.; Ample parking and surrounded by trees.
