New Construction Office
For Sale
$406,000
1870 Harroun Avenue, McKinney, TX 75069
CommercialSale, McKinney, TX
Property Size1,400 SF
Lot Size0.88 Acres
Price / SF$290
Days on Market52
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, Off Street, Assigned
Subdivision
Harroun Office Complex Add
Directions
Set GPS to address
Standard status
Active
APN
R939500A00201
Lot size
0.88 Acres
Additional Details
Property Use
Medical Office
Condition
Built-Out
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 #TX 0593565
(469) 252-1252
Added: Sep 11
Changed: Oct 26
Last Checked: Nov 1 at 1:06PM
MLS# 21383722
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.
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 office unit is part of a six-suite professional building currently under construction. The suite features an open floor plan without structural walls across the floor, allowing adjacent suites to be combined for additional space. The property uses brick, frame, and concrete construction materials, with concrete flooring and a composition roof.
The building is positioned near the intersection of Hwy 380 and US 75 in McKinney, within an area described as surrounded by substantial single-family and apartment development. National retailers and dining options are within walking distance. Parking includes assigned spaces, an on-site parking lot, and off-street availability. Public water and public sewer serve the property.
The building is positioned near the intersection of Hwy 380 and US 75 in McKinney, within an area described as surrounded by substantial single-family and apartment development. National retailers and dining options are within walking distance. Parking includes assigned spaces, an on-site parking lot, and off-street availability. Public water and public sewer serve the property.
Key Highlights
- Part of a six‑suite professional office building
- Open floor plan without structural walls across the floor
- 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Under-construction suite offers an open floor plan with assigned off-street parking.
Where is this office unit located?
The property is located at 1870 Harroun Avenue 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: Part of a six‑suite professional office building; Open floor plan without structural walls across the floor; Adjacent suites can be combined for additional space
