Brand New Corner Office
1511 McDermott Drive Allen, TX 75013
For Sale
$400,000
COMMERCIAL - Allen, TX
Property Size1,420 SF
Lot Size0.03 Acres
Price / SF$281.69
Days on Market39
Property Features for 1511 McDermott Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
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
(214) 430-2895
Listed By:
Sasidhar Kaligotla · License #0749528
(214) 430-2895
Added: Jun 19
Changed: Jul 25
Last Checked: Jul 27 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This brand new office suite totals 1,420 square feet and is located within Suncreek Office Village. The suite benefits from its corner position and offers signage availability for tenant branding.
The property is located on the corner of W McDermott Dr and Twin Creeks Dr, with Suncreek Dr listed as part of the frontage/approach. The remarks indicate this area receives approximately 25,000 vehicles daily and provides convenient access to Highway 75, serving nearby Allen, McKinney, Frisco, and Plano markets.
Suncreek Office Village is described as an upscale, professional office environment. Additional context provided in the remarks notes Allen’s population is estimated at 110K with average household income near $120K, alongside proximity to shopping, dining, and entertainment.
The property is located on the corner of W McDermott Dr and Twin Creeks Dr, with Suncreek Dr listed as part of the frontage/approach. The remarks indicate this area receives approximately 25,000 vehicles daily and provides convenient access to Highway 75, serving nearby Allen, McKinney, Frisco, and Plano markets.
Suncreek Office Village is described as an upscale, professional office environment. Additional context provided in the remarks notes Allen’s population is estimated at 110K with average household income near $120K, alongside proximity to shopping, dining, and entertainment.
Key Highlights
- Brand‑new 1,420 SF office built in 2023 with central heating and central air
- Located on the corner of W McDermott Dr and Twin Creeks Dr in Allen
- Suncreek Dr receives 25,000 vehicles daily, with signage available
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Brand new 1,420-square-foot office suite in an office village with corner exposure and signage availability.
Where is this office units located?
The property is located at 1511 McDermott Drive 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 built in 2023 with central heating and central air; Located on the corner of W McDermott Dr and Twin Creeks Dr in Allen; Suncreek Dr receives 25,000 vehicles daily, with signage available
