Five-Office Condominium
2-3600 Eldorado Pkwy, McKinney, TX 75069
For Sale
$500,000
A tenant-occupied office layout includes a dedicated meeting room, reception foyer, kitchenette and private restroom.
Property Size1,450 SF
Price / SF$344.83
Days on Market37
Property Features for 2-3600 Eldorado Pkwy
General Information
Standard status
Size
Additional Details
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
M&D CRE, LLC
Listed By:
Cody Rollins · License TX #0821652
(972) 772-6025
Source:
Exprealty
Added: Oct 8
Changed: Nov 12
Last Checked: Nov 12 at 2:23PM
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 M&D CRE, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium suite offers approximately 1,450 SF, arranged as five private offices, a separate meeting room and a reception foyer. A kitchenette and private restroom are also part of the layout. Carpeted office areas and recessed lighting complete the interior.
The suite is located at 3600 Eldorado Parkway, Building D, Suite 2, within Capital Plaza Office Condominiums in McKinney. It is currently tenant occupied, and the existing tenant has indicated interest in renewing, subject to mutually agreed lease terms.
The suite is located at 3600 Eldorado Parkway, Building D, Suite 2, within Capital Plaza Office Condominiums in McKinney. It is currently tenant occupied, and the existing tenant has indicated interest in renewing, subject to mutually agreed lease terms.
Key Highlights
- Approximately 1,450 SF of office condominium space
- Five private offices plus a separate meeting room
- Reception foyer, kitchenette and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,628
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,560
$372.6K
Cap Rate 7%
$266,114
$266.1K
Cap Rate 9%
$206,978
$207.0K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$31.8K $21.96/SF
− Vacancy
−$7.0K −$4.83/SF
EGI
$24.8K $17.13/SF
− OpEx
−$6.2K −$4.28/SF
NOI
$18.6K $12.85/SF
Area
McKinney, TX
Vacancy
22.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,560
Cap Rate 7%
$266,114
Cap Rate 9%
$206,978
Alternative Uses
Best Use
Office B
$266.1K
$232.9K – $310.5K
NOI $18,628 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.7K
$356.7K – $475.6K
NOI $28,536 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
406
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
$413,700
Median Home Value
Market
Average Price Trend$/SF for Office Units in McKinney, TX
Properties on Market for Office Units in McKinney
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A tenant-occupied office layout includes a dedicated meeting room, reception foyer, kitchenette and private restroom.
Where is this office unit located?
The property is located at 2-3600 Eldorado Pkwy McKinney, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 1,450 SF of office condominium space; Five private offices plus a separate meeting room; Reception foyer, kitchenette and private restroom
