Furnished Two-Suite Office
For Sale
$995,000
Pending
2001 Auburn Hills Pkwy Unit 303, McKinney, TX 75071
Upgraded, furnished office suites offer adaptable work areas, a classroom option, private offices, and lake-facing surroundings.
Property Size2,450 SF
Days on Market176
Property Features for 2001 Auburn Hills Pkwy Unit 303
General Information
Standard status
Pending
Size
2,450 SF
Property subtype
Commercial
Space & Availability
Floor
3
Furnished
Yes
Additional Details
Highway Access
Yes
Office Units
2
Amenities
canned lighting
built-in sound system
soundproofed wall paneling
sliding barn doors
modern light fixtures
wood shutters
upgraded bathroom
break area
dedicated podcast studio
attic spaces
Building Details
Year Built
2022
Listing Agency:
The Selling Experts Inc
Listed By:
Emily Hohenstein · License #0808634
(888) 519-7431
Source:
Dfwareahousehunt
Added: Mar 11
Changed: Aug 31
Last Checked: Aug 31 at 5:30PM
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 The Selling Experts Inc
Investment Insights
Based on property information with market context.
Combined Suites 303 and 304 provide 2,450 SF of furnished office space in a 2022 building. The current configuration accommodates up to 9 private offices or 6 offices plus a large classroom, with the seller open to restoring the classroom area to individual offices. Interior improvements include enhanced lighting, an integrated sound system, sound-attenuating wall panels, sliding barn doors, contemporary fixtures, and wood shutters. An upgraded bathroom, break area with a refrigerator, two attic storage areas, and a dedicated podcast studio add practical functionality. Professional podcast equipment may remain with the property.
The suites back to a lake and are positioned off Highway 380 with access to US-75 and SH-121. The layout and existing improvements support a range of professional office applications, including medical, technology, legal, and creative uses identified in the property information.
The suites back to a lake and are positioned off Highway 380 with access to US-75 and SH-121. The layout and existing improvements support a range of professional office applications, including medical, technology, legal, and creative uses identified in the property information.
Key Highlights
- 2,450 SF combined office space in Suites 303 and 304
- Built in 2022 with furnished, upgraded interiors
- Flexible layout with up to 9 private offices or 6 offices plus classroom space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,474
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$629,480
$629.5K
Cap Rate 7%
$449,629
$449.6K
Cap Rate 9%
$349,711
$349.7K
Market Conditions
NOI Build-Up for 2,450 SF
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.
Gross rent
$53.8K $21.96/SF
− Vacancy
−$11.8K −$4.83/SF
EGI
$42.0K $17.13/SF
− OpEx
−$10.5K −$4.28/SF
NOI
$31.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$629,480
Cap Rate 7%
$449,629
Cap Rate 9%
$349,711
Alternative Uses
Best Use
Office B
$449.6K
$393.4K – $524.6K
NOI $31,474 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$688.8K
$602.7K – $803.6K
NOI $48,216 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
Demographics for 75071, TX
64,449
Population
23,861
Households
2.7
Avg Household Size
35
Median Age
51%
College-Educated
94%
High-School Grad
74.1 sq mi
ZIP Area
870
Density / Sq Mi
$132,839
Median Household Income
$63,459
Median Earnings
$2,105
Median Rent
$448,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Upgraded, furnished office suites offer adaptable work areas, a classroom option, private offices, and lake-facing surroundings.
Where is this office units located?
The property is located at 2001 Auburn Hills Pkwy Unit 303 McKinney, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,450 SF combined office space in Suites 303 and 304; Built in 2022 with furnished, upgraded interiors; Flexible layout with up to 9 private offices or 6 offices plus classroom space
