Historic Two-Story Mixed-Use
For Sale
$850,000
206 Mckinney Street #204/206 204/206, Farmersville, TX 75442
Built in 1895, the property combines an operating coffee house with adaptable upper-level space in downtown Farmersville.
Property Size4,816 SF
Price / SF$176.50
Days on Market82
Property Features for 206 Mckinney Street #204/206 204/206
General Information
Standard status
Active
Size
4,816 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1895
Buildings
1
Stories
2
Listing Agency:
Keller Williams Prosper Celina
(972) 382-8882
Listed By:
Jane Mercer · License #0796238
(469) 993-3121
Source:
Suekrider
Added: Jul 25
Changed: Oct 2
Last Checked: Oct 12 at 7:33PM
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 Keller Williams Prosper Celina
Investment Insights
Based on property information with market context.
This 4,816-square-foot mixed-use building dates to 1895 and extends across two stories at 206 McKinney Street in Farmersville. The ground floor is occupied by Cup and Canter Coffee House. Above, the property includes a flexible living or commercial area with a kitchenette, two bedrooms, a large great room, two full bathrooms, substantial storage, and oversized windows facing the downtown streetscape.
The building is positioned in Historic Downtown Farmersville among locally owned shops and restaurants, with community events held throughout the year. Its configuration brings together an established coffee-house use and a separately described upper level that can support residential or commercial occupancy, subject to verification.
The building is positioned in Historic Downtown Farmersville among locally owned shops and restaurants, with community events held throughout the year. Its configuration brings together an established coffee-house use and a separately described upper level that can support residential or commercial occupancy, subject to verification.
Key Highlights
- 4,816‑square‑foot mixed‑use building at 206 McKinney Street
- Constructed in 1895 with two‑story configuration
- Ground floor occupied by Cup and Canter Coffee House
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,461
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,329,220
$1.3M
Cap Rate 7%
$949,443
$949.4K
Cap Rate 9%
$738,456
$738.5K
Market Conditions
NOI Build-Up for 4,816 SF
Gross rent
$115.6K $24.00/SF
− Vacancy
−$9.2K −$1.92/SF
EGI
$106.3K $22.08/SF
− OpEx
−$39.9K −$8.28/SF
NOI
$66.5K $13.80/SF
Area
Collin County, TX
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,329,220
Cap Rate 7%
$949,443
Cap Rate 9%
$738,456
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,940 @ 7.0% cap · market cap 9.76%
Second Best
Mixed Use
$949.4K
$830.8K – $1.11M
NOI $66,461 @ 7.0% cap · market cap 7.82%
Theoretical Best
Industrial
$4.79M
$4.19M – $5.58M
NOI $334,983 @ 7.0% cap · market cap 39.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,128 visits/mo
0.2 miles
Demographics for 75442, TX
11,241
Population
4,060
Households
2.8
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
107.6 sq mi
ZIP Area
104
Density / Sq Mi
$84,591
Median Household Income
$48,482
Median Earnings
$1,501
Median Rent
$330,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 1895, the property combines an operating coffee house with adaptable upper-level space in downtown Farmersville.
Where is this mixed-use property located?
The property is located at 206 Mckinney Street #204/206 204/206 Farmersville, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,816‑square‑foot mixed‑use building at 206 McKinney Street; Constructed in 1895 with two‑story configuration; Ground floor occupied by Cup and Canter Coffee House
