Medical Office
For Sale
$394,250
1511 McDermott Drive, Allen, TX 75013
CommercialSale, Allen, TX
Property Size1,420 SF
Lot Size0.03 Acres
Price / SF$277.64
Days on Market133
Property Features for 1511 McDermott Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Commercial
Parking features
Driveway
Subdivision
Suncreek Office village
Directions
Follow GPS Direction
Standard status
Active
APN
R900100221001
Size
1,420 SF
Lot size
0.03 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Brick, Concrete
Roof type
Shingle
Listing Agency:
Zenappy Realty
Listed By:
Sasidhar Kaligotla · License #0749528
(214) 430-2895
Added: Jun 19
Changed: Oct 20
Last Checked: Oct 29 at 9:06PM
MLS# 21234234
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,420-square-foot medical office space is under construction at Suncreek Office Village. Interior finishes include vinyl flooring, with central heating and central air. The building has brick and concrete construction, a shingle roof, driveway parking, and connections to public water and sewer. The stated year built is 2023.
The property occupies a corner at W McDermott Drive and Twin Creeks Drive. Suncreek Drive carries 25,000 vehicles daily, and Highway 75 is nearby. Signage is available at the office location.
The property occupies a corner at W McDermott Drive and Twin Creeks Drive. Suncreek Drive carries 25,000 vehicles daily, and Highway 75 is nearby. Signage is available at the office location.
Key Highlights
- 1,420‑square‑foot medical office space
- Corner location at W McDermott Drive and Twin Creeks Drive
- Suncreek Drive receives 25,000 vehicles daily
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
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The office is under construction and offers signage for business identification.
Where is this medical office space located?
The property is located at 1511 McDermott Drive 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 medical office space; Corner location at W McDermott Drive and Twin Creeks Drive; Suncreek Drive receives 25,000 vehicles daily
