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 Market115
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: Oct 4
Last Checked: Oct 20 at 11:49PM
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.
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 / Yr
$17,328
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
