Brand New Corner Office
1511 McDermott Drive #210 Allen, TX 75013
New
For Sale
$400,000
Brand new 1,420 SF office suite at a corner within Suncreek Office Village with signage availability for visibility.
Property Size1,420 SF
Price / SF$281.69
Days on Market4
Property Features for 1511 McDermott Drive #210
General Information
- Standard status
- Active
- Size
- 1,420 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2023
Listing Agency:
Zenappy Realty
(214) 430-2895
Listed By:
Sasidhar Kaligotla · License #0749528
(214) 430-2895
Source:
Fullhouserealtytx
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 6:45AM
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
Investment Insights
Based on property information with market context.
This brand new office suite offers approximately 1,420 SF within Suncreek Office Village. Suite 210 is positioned on a corner location and is part of an upscale, professional office environment. Signage is also available to help attract clients and support business visibility.
The suite is located at the intersection of W McDermott Dr and Twin Creeks Dr, with Suncreek Dr called out in the remarks as receiving 25,000 vehicles daily. The property is also described as conveniently positioned close to Highway 75, serving Allen and nearby North Dallas markets.
For day-to-day access, the area is described as minutes from restaurant and retail amenities including Watters Creek, The Villages at Allen, and Fairview, along with Allen Premium Outlets and the Allen Event Center.
The suite is located at the intersection of W McDermott Dr and Twin Creeks Dr, with Suncreek Dr called out in the remarks as receiving 25,000 vehicles daily. The property is also described as conveniently positioned close to Highway 75, serving Allen and nearby North Dallas markets.
For day-to-day access, the area is described as minutes from restaurant and retail amenities including Watters Creek, The Villages at Allen, and Fairview, along with Allen Premium Outlets and the Allen Event Center.
Key Highlights
- Brand‑new 1,420 SF office suite (Year built: 2023) in Suncreek Office Village
- Corner location at W McDermott Dr and Twin Creeks Dr with daily traffic of 25,000 vehicles
- Signage available to attract clients and promote visibility
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 | $30.8k | $21.72 |
| − Vacancy | −$7.8k | −$5.47 |
| EGI | $23.1k | $16.25 |
| − OpEx | −$5.8k | −$4.06 |
| NOI | $17.3k | $12.18 |
1,420 SF · lease $21.72/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,303 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$376.4K
$329.3K – $439.1K
NOI $26,347 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Allen Friends & Family ...
Medical Clinic
Texas Implant & Periodontic ...
Dental Office
Allen City Dental
Dental Office
Bridgett Anderson-Wright
Physician
Nu SPA
Spa & Massage Center
FAQs
What type of property is this?
Office units - Brand new 1,420 SF office suite at a corner within Suncreek Office Village with signage availability for visibility.
Where is this office units located?
The property is located at 1511 McDermott Drive #210 Allen, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Brand‑new 1,420 SF office suite (Year built: 2023) in Suncreek Office Village; Corner location at W McDermott Dr and Twin Creeks Dr with daily traffic of 25,000 vehicles; Signage available to attract clients and promote visibility
