Two-Story Mixed-Use
New
For Sale
$850,000
206 Mckinney Street 204/206, Farmersville, TX 75442
A coffee house occupies the ground floor, with a two-bedroom living or commercial space above.
Property Size4,816 SF
Price / SF$176.50
Days on Market4
Property Features for 206 Mckinney Street 204/206
General Information
Standard status
Active
Size
4,816 SF
Property subtype
Business
Amenities
kitchenette
two bedrooms
large great room
two full baths
abundant storage
oversized windows
Building Details
Building Size
4,816 SF
Year Built
1895
Buildings
1
Stories
2
Listing Agency:
Keller Williams Prosper Celina
Listed By:
Jane Mercer · License #0796238
(442) 888-2746
Source:
Monumentrealtytx
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:57AM
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
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Investment Insights
Based on property information with market context.
Built in 1895, this two-story mixed-use property contains 4,816 square feet. Cup and Canter Coffee House occupies the first floor. Upstairs, the living or commercial space includes two bedrooms, a kitchenette, two full bathrooms, a large great room, and storage. Oversized windows face the downtown streetscape.
The building is on McKinney Street in downtown Farmersville, among locally owned shops and restaurants. Community events take place in the area throughout the year.
The building is on McKinney Street in downtown Farmersville, among locally owned shops and restaurants. Community events take place in the area throughout the year.
Key Highlights
- 4,816‑square‑foot, two‑story building constructed in 1895
- Cup and Canter Coffee House occupies the first floor
- Upper level has two bedrooms, a kitchenette, two full baths, a great room, and storage
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
14,449 visits/mo
0.4 miles
Dollar General
Shops & Services
5,709 visits/mo
0.0 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A coffee house occupies the ground floor, with a two-bedroom living or commercial space above.
Where is this mixed-use property located?
The property is located at 206 Mckinney Street 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, two‑story building constructed in 1895; Cup and Canter Coffee House occupies the first floor; Upper level has two bedrooms, a kitchenette, two full baths, a great room, and storage
