Professional Office
For Sale
$394,250
1511 McDermott Drive 210, Allen, TX 75013
The office can accommodate professional or medical use and includes signage availability.
Property Size1,420 SF
Price / SF$277.64
Days on Market15
Property Features for 1511 McDermott Drive 210
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Business
Additional Details
Highway Access
Yes
Property Use
Medical Office
Building Details
Building Size
1,420 SF
Year Built
2023
Listing Agency:
Zenappy Realty
Listed By:
Sasidhar Kaligotla · License #0749528
(214) 430-2895
Source:
Everettshellrealty
Added: Oct 19
Changed: Nov 1
Last Checked: Oct 31 at 8:31PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this 1,420-square-foot office unit is suited to professional or medical use. Signage is available at the property.
The office is near Hwy 75, with access to Allen, McKinney, Frisco, Plano, and surrounding markets. Suncreek Dr carries 25,000 vehicles daily.
The office is near Hwy 75, with access to Allen, McKinney, Frisco, Plano, and surrounding markets. Suncreek Dr carries 25,000 vehicles daily.
Key Highlights
- 1,420‑square‑foot office unit
- Built in 2023
- Professional or medical office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,495
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,900
$369.9K
Cap Rate 7%
$264,214
$264.2K
Cap Rate 9%
$205,500
$205.5K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$34.3K $24.12/SF
− Vacancy
−$3.4K −$2.41/SF
EGI
$30.8K $21.71/SF
− OpEx
−$12.3K −$8.68/SF
NOI
$18.5K $13.02/SF
Area
Allen, TX
Vacancy
10.00%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,900
Cap Rate 7%
$264,214
Cap Rate 9%
$205,500
Alternative Uses
Best Use
Healthcare Medical
$264.2K
$231.2K – $308.3K
NOI $18,495 @ 7.0% cap · market cap 4.69%
Second Best
Office B
$247.2K
$216.3K – $288.4K
NOI $17,303 @ 7.0% cap · market cap 4.39%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
616
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The office can accommodate professional or medical use and includes signage availability.
Where is this office unit located?
The property is located at 1511 McDermott Drive 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‑square‑foot office unit; Built in 2023; Professional or medical office use
