New Construction Medical Office
For Sale
$406,000
1870 Harroun Avenue 500, McKinney, TX 75069
Open-plan professional suite with off-street parking and the ability to connect with adjacent suites.
Property Size1,400 SF
Price / SF$290
Days on Market50
Property Features for 1870 Harroun Avenue 500
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,075
Building Details
Building Size
1,400 SF
Year Built
2025
Listing Agency:
Perfect Realty Partners
Listed By:
Srinivas Chaluvadi · License #TX 0593565
(469) 536-8695
Source:
Sociallivingre
Added: Sep 13
Changed: Oct 31
Last Checked: Oct 30 at 9:45PM
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
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Investment Insights
Based on property information with market context.
Completed in 2025, this 1,400 SF medical office suite offers an open interior without structural walls, allowing the space to be configured for professional office use or combined with neighboring suites. It is one of six suites within the building and is designed for physician offices, therapy practices, chiropractic services, massage centers, law offices, title companies, CPAs, and other professional uses identified for the property.
The building sits near the intersection of Hwy 380 and US 75 in McKinney, within an area characterized by dense residential development that includes single-family homes and apartments. National retailers and dining options are within walking distance. The property also features a finished exterior facade and off-street parking.
The building sits near the intersection of Hwy 380 and US 75 in McKinney, within an area characterized by dense residential development that includes single-family homes and apartments. National retailers and dining options are within walking distance. The property also features a finished exterior facade and off-street parking.
Key Highlights
- 1,400 SF medical office suite completed in 2025
- Open interior without structural walls
- One of six suites in the building
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
Yes
Highway 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-plan professional suite with off-street parking and the ability to connect with adjacent suites.
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 $406,000.
What are key features of this property?
This property features: 1,400 SF medical office suite completed in 2025; Open interior without structural walls; One of six suites in the building
