New Office
For Sale
$394,250
1511 McDermott Drive #210 210, Allen, TX 75013
Brand-new professional office unit with signage availability and access to major North Dallas markets.
Property Size1,420 SF
Price / SF$277.64
Days on Market92
Property Features for 1511 McDermott Drive #210 210
General Information
Standard status
Active
Size
1,420 SF
Additional Details
Highway Access
Yes
Amenities
signage
Listing Agency:
Zenappy Realty
(214) 430-2895
Listed By:
Sasidhar Kaligotla · License #0749528
Source:
Josephfloreshome
Added: Jul 25
Changed: Oct 23
Last Checked: Oct 23 at 6:34AM
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 Zenappy Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brand-new 1,420-square-foot office unit is located at 1511 McDermott Drive, Suite 210, within Suncreek Office Village in Allen. The professional office setting includes signage availability to help establish a visible business presence.
The property sits near the intersection of W McDermott Drive, Twin Creeks Drive, and Suncreek Drive, where Suncreek Drive carries 25,000 vehicles daily. Its location near Hwy 75 provides access to Allen, McKinney, Frisco, Plano, and surrounding North Dallas markets. The property is also surrounded by established businesses, retail centers, shopping, dining, entertainment, and local attractions.
The property sits near the intersection of W McDermott Drive, Twin Creeks Drive, and Suncreek Drive, where Suncreek Drive carries 25,000 vehicles daily. Its location near Hwy 75 provides access to Allen, McKinney, Frisco, Plano, and surrounding North Dallas markets. The property is also surrounded by established businesses, retail centers, shopping, dining, entertainment, and local attractions.
Key Highlights
- 1,420 SF brand‑new office unit
- Located at 1511 McDermott Drive #210, Allen, TX 75013
- Suncreek Drive receives 25,000 vehicles daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,303
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,060
$346.1K
Cap Rate 7%
$247,186
$247.2K
Cap Rate 9%
$192,256
$192.3K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$30.8K $21.72/SF
− Vacancy
−$7.8K −$5.47/SF
EGI
$23.1K $16.25/SF
− OpEx
−$5.8K −$4.06/SF
NOI
$17.3K $12.18/SF
Area
Allen, TX
Vacancy
25.20%
Lease Rate
$21.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,060
Cap Rate 7%
$247,186
Cap Rate 9%
$192,256
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,303 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$376.4K
$329.3K – $439.1K
NOI $26,347 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,797
Businesses Nearby
Explore this area
Business Placement
Demographics for 75013, TX
48,360
Population
18,341
Households
2.6
Avg Household Size
37
Median Age
65%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,224
Density / Sq Mi
$151,618
Median Household Income
$77,367
Median Earnings
$1,810
Median Rent
$561,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Brand-new professional office unit with signage availability and access to major North Dallas markets.
Where is this office unit located?
The property is located at 1511 McDermott Drive #210 210 Allen, TX.
What is the asking price?
The asking price for this property is $394,250.
What are key features of this property?
This property features: 1,420 SF brand‑new office unit; Located at 1511 McDermott Drive #210, Allen, TX 75013; Suncreek Drive receives 25,000 vehicles daily
