New Medical Office
1870 Harroun Avenue 500 McKinney, TX 75069
New
For Sale
$490,000
Brand-new 1,400 SF medical office suite with open layout designed for flexible suite combinations.
Days on Market4
Property Features for 1870 Harroun Avenue 500
General Information
Standard status
Active
Property subtype
Office
Building Details
Year Built
2025
Listing Agency:
Perfect Realty Partners
(469) 252-1261
Listed By:
Srinivas Chaluvadi · License #0593565
Source:
Sociallivingre
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 29 at 10:59AM
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
Investment Insights
Based on property information with market context.
New construction medical office suite offered for sale in a six-suite professional building. The suite features an open floor plan with no structural walls on the floor, allowing adjacent suites to be combined for additional space if needed. The building is planned for availability in December 2025 in shell condition.
The property is located on the southeast corner of Hwy 380 and US 75 in McKinney, within dense residential development. It is minutes from the Hwy 380 and US 75 intersection and includes adequate off-street parking. Several national brand retailers and dining options are described as within walking distance.
For planning purposes, the offering is presented as suitable for a range of professional uses, including physician and therapy-related offices, as well as other professional services such as law offices, title companies, and CPAs.
The property is located on the southeast corner of Hwy 380 and US 75 in McKinney, within dense residential development. It is minutes from the Hwy 380 and US 75 intersection and includes adequate off-street parking. Several national brand retailers and dining options are described as within walking distance.
For planning purposes, the offering is presented as suitable for a range of professional uses, including physician and therapy-related offices, as well as other professional services such as law offices, title companies, and CPAs.
Key Highlights
- New construction medical office suite built in 2025
- 1,400 SF suite with an open floor plan and no structural walls on the floor
- Part of a six‑suite building with the flexibility to combine adjacent suites for added space
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.6k | $24.00 |
| − Vacancy | −$3.4k | −$2.40 |
| EGI | $30.2k | $21.60 |
| − OpEx | −$12.1k | −$8.64 |
| NOI | $18.1k | $12.96 |
1,400 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$259.2K
$226.8K – $302.4K
NOI $18,144 @ 7.0% cap · market cap 3.70%
Second Best
Office B
$256.9K
$224.8K – $299.8K
NOI $17,985 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,552 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- McKinney Pharmacy — 1601 W University Dr, McKinney, TX 75069
- Banfield Pet Hospital — 1751 N Central Expy STE A, McKinney, TX 75070
- Cedar Creek Animal Hospital — 1434 N Central Expy N STE 123, McKinney, TX 75070
- UrgentVet — 1717 W University Dr STE 418, McKinney, TX 75069
Frequently Asked Questions
What type of property is this?
Medical Office Space - Brand-new 1,400 SF medical office suite with open layout designed for flexible suite combinations.
Where is this medical office space located?
The property is located at 1870 Harroun Avenue 500 McKinney, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: New construction medical office suite built in 2025; 1,400 SF suite with an open floor plan and no structural walls on the floor; Part of a six‑suite building with the flexibility to combine adjacent suites for added space
