Class A Office or Medical
For Sale
$605,661
1705-1400 N Coit Rd, McKinney, TX 75071
Move-in-ready class A suite with reception, conference room, four offices, kitchenette/breakroom, private restroom, and tenant-controlled HVAC.
Property Size1,337 SF
Price / SF$453
Days on Market70
Property Features for 1705-1400 N Coit Rd
General Information
Standard status
Active
Size
1,337 SF
Class
A
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
reception area
conference room
private offices
breakroom/kitchenette
private restroom
storage closet
attic access
automatic blinds
building signage
landscaped surroundings
tenant-controlled HVAC
Listing Agency:
Zenappy Realty
Listed By:
Sasidhar Kaligotla · License #0749528
(214) 430-2895
Source:
Exprealty
Added: Jun 29
Changed: Sep 2
Last Checked: Sep 5 at 10:24AM
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.
Move-in-ready Class A office or medical suite in Crescent Parc professional office park. The interior layout includes a welcoming reception area, a spacious conference room, four private offices, a breakroom or kitchenette, a private restroom, a storage closet, and attic access. Premium finishes are in place with luxury vinyl plank flooring, vaulted ceilings, modern lighting, automatic blinds, and abundant natural light.
The suite is located within Crescent Parc, positioned at the northwest corner of Coit Road and US Highway 380 in McKinney, Texas, providing convenient access to US Highway 380 and Coit Road and easy connectivity to nearby North Texas communities.
Tenant-controlled HVAC supports day-to-day comfort, and the professionally maintained office park provides ample surface parking and landscaped surroundings. Building signage is available to enhance business visibility.
The suite is located within Crescent Parc, positioned at the northwest corner of Coit Road and US Highway 380 in McKinney, Texas, providing convenient access to US Highway 380 and Coit Road and easy connectivity to nearby North Texas communities.
Tenant-controlled HVAC supports day-to-day comfort, and the professionally maintained office park provides ample surface parking and landscaped surroundings. Building signage is available to enhance business visibility.
Key Highlights
- Move‑in‑ready 1,337 SF Class A office/medical suite in Crescent Parc professional office park
- Suite layout includes reception area, spacious conference room, and four private offices
- Includes kitchenette/breakroom, private restroom, storage closet, and attic access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,328
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$346,560
$346.6K
Cap Rate 7%
$247,543
$247.5K
Cap Rate 9%
$192,533
$192.5K
Market Conditions
NOI Build-Up for 1,337 SF
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.
Gross rent
$32.1K $24.00/SF
− Vacancy
−$3.2K −$2.40/SF
EGI
$28.9K $21.60/SF
− OpEx
−$11.6K −$8.64/SF
NOI
$17.3K $12.96/SF
Area
McKinney, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$346,560
Cap Rate 7%
$247,543
Cap Rate 9%
$192,533
Alternative Uses
Best Use
Healthcare Medical
$247.5K
$216.6K – $288.8K
NOI $17,328 @ 7.0% cap · market cap 2.86%
Second Best
Office B
$245.4K
$214.7K – $286.3K
NOI $17,176 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$375.9K
$328.9K – $438.5K
NOI $26,312 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75071, TX
64,449
Population
23,861
Households
2.7
Avg Household Size
35
Median Age
51%
College-Educated
94%
High-School Grad
74.1 sq mi
ZIP Area
870
Density / Sq Mi
$132,839
Median Household Income
$63,459
Median Earnings
$2,105
Median Rent
$448,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready class A suite with reception, conference room, four offices, kitchenette/breakroom, private restroom, and tenant-controlled HVAC.
Where is this medical office space located?
The property is located at 1705-1400 N Coit Rd McKinney, TX.
What is the asking price?
The asking price for this property is $605,661.
What are key features of this property?
This property features: Move‑in‑ready 1,337 SF Class A office/medical suite in Crescent Parc professional office park; Suite layout includes reception area, spacious conference room, and four private offices; Includes kitchenette/breakroom, private restroom, storage closet, and attic access
