New Construction Medical Office
For Sale
$448,000
1870 Harroun Avenue, McKinney, TX 75069
CommercialSale, McKinney, TX
Property Size1,400 SF
Lot Size0.88 Acres
Price / SF$320
Days on Market53
Property Features for 1870 Harroun Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Property condition
Under Construction
Zoning description
Commercial
Parking features
Parking Lot, Assigned, Off Street
Subdivision
Harroun Office Complex Add
Directions
Set GPS to address
Standard status
Active
APN
R939500A00201
Lot size
0.88 Acres
Taxes and HOA fees
Tax Description
HARROUN OFFICE COMPLEX ADDITION (CMC), BLK A,
Tax Annual Amount
6075
Legal Description
HARROUN OFFICE COMPLEX ADDITION (CMC), BLK A,
Utilities
Sewer type
Public Sewer
Heating system
Space Heater
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, Frame, Concrete
Roof type
Composition
Listing Agency:
Perfect Realty Partners
(469) 252-1261
Listed By:
Srinivas Chaluvadi · License #0593565
(469) 252-1252
Added: Aug 25
Changed: Sep 13
Last Checked: Oct 16 at 10:06AM
MLS# 21368669
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.
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Investment Insights
Based on property information with market context.
This 1,400 SF medical office suite is part of a new six-suite building currently under construction. The interior is arranged as an open floor plan without structural walls across the suite, allowing adjacent spaces to be combined when additional area is needed. Concrete flooring, public water and public sewer serve the property, while assigned off-street parking is provided in the building’s parking lot.
The property occupies the southeast quadrant of Hwy 380 and US 75 in McKinney, Texas, near substantial surrounding residential development that includes single-family homes and apartments. National retailers and dining options are within walking distance, and the Hwy 380/US 75 intersection is minutes away. The building also features a brick, frame, and concrete exterior with a composition roof.
The property occupies the southeast quadrant of Hwy 380 and US 75 in McKinney, Texas, near substantial surrounding residential development that includes single-family homes and apartments. National retailers and dining options are within walking distance, and the Hwy 380/US 75 intersection is minutes away. The building also features a brick, frame, and concrete exterior with a composition roof.
Key Highlights
- 1,400 SF suite within a six‑suite medical office building
- New construction under way with 2025 year built
- Open floor plan without structural walls across the suite
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,176
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Cedar Creek Animal Hospital — 1434 N Central Expy N STE 123, McKinney, TX 75070
- Banfield Pet Hospital — 1751 N Central Expy STE A, McKinney, TX 75070
- UrgentVet — 1717 W University Dr STE 418, McKinney, TX 75069
- McKinney Pharmacy — 1601 W University Dr, McKinney, TX 75069
Frequently Asked Questions
What type of property is this?
Medical Office Space - Open interior layout supports flexible professional office configuration and potential expansion into adjacent suites.
Where is this medical office space located?
The property is located at 1870 Harroun Avenue 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 suite within a six‑suite medical office building; New construction under way with 2025 year built; Open floor plan without structural walls across the suite
