New Construction Medical Office
1870 Harroun Avenue #500 500, McKinney, TX 75069
For Sale
$406,000
Open-plan professional suite with flexible configuration and off-street parking in a new office building.
Property Size1,400 SF
Price / SF$290
Days on Market49
Property Features for 1870 Harroun Avenue #500 500
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Building Details
Buildings
Tenancy
Listing Agency:
Perfect Realty Partners
(469) 252-1261
Listed By:
Srinivas Chaluvadi · License #TX 0593565
(469) 536-8695
Source:
Diligentcre
Added: Sep 20
Changed: Oct 25
Last Checked: Nov 6 at 8:28AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,400 SF medical office suite is newly constructed and configured with an open floor plan without structural walls across the suite area. The layout supports flexible interior planning, and adjacent suites may be combined for additional space. It is one of six office suites within the building, which is also available in its entirety for sale.
The property is positioned at the southeast corner of Hwy 380 and US 75 in McKinney. Dense surrounding residential development includes thousands of single-family homes and apartments, while national retailers and dining options are within walking distance. The building includes a finished exterior facade and off-street parking. The suite can accommodate professional office applications including physician, therapy, chiropractic, legal, title, and accounting uses.
The property is positioned at the southeast corner of Hwy 380 and US 75 in McKinney. Dense surrounding residential development includes thousands of single-family homes and apartments, while national retailers and dining options are within walking distance. The building includes a finished exterior facade and off-street parking. The suite can accommodate professional office applications including physician, therapy, chiropractic, legal, title, and accounting uses.
Key Highlights
- 1,400 SF newly constructed medical office suite
- Open floor plan without structural walls
- Adjacent suites can be combined for additional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,144
Cap Rate
4.47%
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 4.47%
Second Best
Office B
$256.9K
$224.8K – $299.8K
NOI $17,985 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,552 @ 7.0% cap · market cap 6.79%
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
$413,700
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in McKinney, TX
Properties on Market for Medical Office Space in McKinney
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Open-plan professional suite with flexible configuration and off-street parking in a new office building.
Where is this medical office space located?
The property is located at 1870 Harroun Avenue #500 500 McKinney, TX.
What is the asking price?
The asking price for this property is $406,000.
What are key features of this property?
This property features: 1,400 SF newly constructed medical office suite; Open floor plan without structural walls; Adjacent suites can be combined for additional space
