Open-Plan Medical Office
1870 Harroun Avenue, McKinney, TX 75069
For Sale
$476,000
CommercialSale, McKinney, TX
Property Size1,400 SF
Lot Size0.88 Acres
Price / SF$340
Days on Market79
Property Features for 1870 Harroun Avenue
General Information
Property type
Property subtype
Property condition
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Medical Specialty
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Perfect Realty Partners
(469) 252-1261
Listed By:
Srinivas Chaluvadi · License TX #0593565
(469) 252-1252
Added: Aug 26
Changed: Nov 12
Last Checked: Nov 12 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 medical office suite offers 1,400 square feet in an open-plan layout without structural walls across the floor. It is one of six suites in a building under construction, and adjacent spaces can be combined. The property is planned for completion in 2025.
Located in McKinney, the building sits within a residential area with single-family homes and apartments. National retailers and dining options are within walking distance. The site provides off-street parking, including assigned spaces, and has public water and sewer service.
The listing identifies medical and professional office uses, including physician, therapy, chiropractic, law, title, and accounting offices. The full building is also available for sale.
Located in McKinney, the building sits within a residential area with single-family homes and apartments. National retailers and dining options are within walking distance. The site provides off-street parking, including assigned spaces, and has public water and sewer service.
The listing identifies medical and professional office uses, including physician, therapy, chiropractic, law, title, and accounting offices. The full building is also available for sale.
Key Highlights
- 1,400‑square‑foot suite with an open floor plan
- One of six suites; adjacent spaces can be combined
- Building under construction with a 2025 year built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,144
Cap Rate
3.81%
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 3.81%
Second Best
Office B
$256.9K
$224.8K – $299.8K
NOI $17,985 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,552 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Balanced
Demand for This Use
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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
$413,700
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in McKinney, TX
Properties on Market for Medical Office Space in McKinney
Vacancy Rate% for Office in South region
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 - The suite is one of six spaces in a building under construction, with a layout that can accommodate adjoining 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 $476,000.
What are key features of this property?
This property features: 1,400‑square‑foot suite with an open floor plan; One of six suites; adjacent spaces can be combined; Building under construction with a 2025 year built
