New Construction Medical Office
For Sale
$448,000
1870 Harroun Avenue #400 400, McKinney, TX 75069
Open-plan professional suite with off-street parking in a new-construction building.
Property Size1,400 SF
Price / SF$320
Days on Market49
Property Features for 1870 Harroun Avenue #400 400
General Information
Standard status
Active
Size
1,400 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Perfect Realty Partners
(469) 252-1261
Listed By:
Srinivas Chaluvadi · License #0593565
(469) 536-8695
Source:
Lillieyounggroup
Added: Sep 6
Changed: Oct 12
Last Checked: Oct 23 at 6:18AM
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 Perfect Realty Partners
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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.
This new-construction medical office suite provides 1,400 SF within a six-suite professional building. The interior is configured with an open floor plan and no structural walls on the floor, allowing adjacent suites to be combined for additional space. The property also includes off-street parking and a finished exterior facade.
Positioned near the southeast quadrant of Hwy 380 and US 75 in McKinney, the building is surrounded by dense residential development that includes single-family homes and apartments. National retailers and dining options are within walking distance, while the Hwy 380 and US 75 intersection is only minutes away. The full building is also available for sale.
Positioned near the southeast quadrant of Hwy 380 and US 75 in McKinney, the building is surrounded by dense residential development that includes single-family homes and apartments. National retailers and dining options are within walking distance, while the Hwy 380 and US 75 intersection is only minutes away. The full building is also available for sale.
Key Highlights
- 1,400 SF medical office suite in a new‑construction building
- Open floor plan without structural walls on the floor
- Adjacent suites can be combined for added space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,144
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,880
$362.9K
Cap Rate 7%
$259,200
$259.2K
Cap Rate 9%
$201,600
$201.6K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$33.6K $24.00/SF
− Vacancy
−$3.4K −$2.40/SF
EGI
$30.2K $21.60/SF
− OpEx
−$12.1K −$8.64/SF
NOI
$18.1K $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%
$362,880
Cap Rate 7%
$259,200
Cap Rate 9%
$201,600
Alternative Uses
Best Use
Healthcare Medical
$259.2K
$226.8K – $302.4K
NOI $18,144 @ 7.0% cap · market cap 4.05%
Second Best
Office B
$256.9K
$224.8K – $299.8K
NOI $17,985 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,552 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75069, TX
39,084
Population
16,958
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
88%
High-School Grad
33.7 sq mi
ZIP Area
1,160
Density / Sq Mi
$82,804
Median Household Income
$42,816
Median Earnings
$1,530
Median Rent
$413,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Open-plan professional suite with off-street parking in a new-construction building.
Where is this medical office space located?
The property is located at 1870 Harroun Avenue #400 400 McKinney, TX.
What is the asking price?
The asking price for this property is $448,000.
What are key features of this property?
This property features: 1,400 SF medical office suite in a new‑construction building; Open floor plan without structural walls on the floor; Adjacent suites can be combined for added space
