Multi-Tenant Office
For Sale
$3,750,000
2770 Virginia Pkwy, McKinney, TX 75071
Office condo on Virginia Parkway with access to Highway 75 and 380 and a multi-tenant layout.
Property Size11,424 SF
Days on Market123
Property Features for 2770 Virginia Pkwy
General Information
Standard status
Active
Size
11,424 SF
Property subtype
Office
Net Operating Income
$230,049
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
11,424 SF
Year Built
2001
Year Renovated
2026
Tenancy
Multi
Listing Agency:
Tabani Realty
Listed By:
Salman (Sam) Tabani · License #TX #0546558
(214) 226-7500
Source:
Tabanirealty
Added: Jun 23
Changed: Oct 12
Last Checked: Oct 23 at 4:47AM
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 Tabani Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
2770 Virginia Pkwy is a multi-tenant office condo in McKinney, Texas, offering a versatile layout intended to support medical, professional, and service-oriented tenants. The property is positioned as an office-condominium option for organizations looking to establish or expand within a shared building environment.
The condo is located along Virginia Parkway, described as McKinney’s most central east-west corridor, with access to Highway 75 (Central Expressway) and Highway 380 just minutes away. Surrounding context includes established residential neighborhoods and a thriving professional community.
This offering is presented for sale.
The condo is located along Virginia Parkway, described as McKinney’s most central east-west corridor, with access to Highway 75 (Central Expressway) and Highway 380 just minutes away. Surrounding context includes established residential neighborhoods and a thriving professional community.
This offering is presented for sale.
Key Highlights
- Office condo built in 2001
- Strategically located along Virginia Parkway in McKinney, TX
- Minutes to Highway 75 (Central Expressway) and Highway 380 for easy access across the DFW metroplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,055
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,961,100
$3.0M
Cap Rate 7%
$2,115,071
$2.1M
Cap Rate 9%
$1,645,056
$1.6M
Market Conditions
NOI Build-Up for 11,424 SF
Gross rent
$274.2K $24.00/SF
− Vacancy
−$27.4K −$2.40/SF
EGI
$246.8K $21.60/SF
− OpEx
−$98.7K −$8.64/SF
NOI
$148.1K $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%
$2,961,100
Cap Rate 7%
$2,115,071
Cap Rate 9%
$1,645,056
Alternative Uses
Best Use
Healthcare Medical
$2.12M
$1.85M – $2.47M
NOI $148,055 @ 7.0% cap · market cap 3.95%
Second Best
Office B
$2.10M
$1.83M – $2.45M
NOI $146,760 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $224,824 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
444
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office condo on Virginia Parkway with access to Highway 75 and 380 and a multi-tenant layout.
Where is this office unit located?
The property is located at 2770 Virginia Pkwy McKinney, TX.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Office condo built in 2001; Strategically located along Virginia Parkway in McKinney, TX; Minutes to Highway 75 (Central Expressway) and Highway 380 for easy access across the DFW metroplex
