Modern Farmhouse Office
299 Eldorado Parkway McKinney, TX 75069
299 Eldorado Parkway, McKinney, TX, 75069
$1,800,000
For Sale
$1,800,000
Modern office building near major freeways and McKinney Airport.
Property Size4,916 SF
Price / SF$366.15
Days on Market47
Property Features for 299 Eldorado Parkway
General Information
- Standard status
- Active
- Size
- 4,916 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2020
Listing Agency
OnDemand Realty
(469) 766-5738
Listed by
Bill Oglesby · License #0727408
(469) 766-5738
Source
Signaturere
Added: Jun 1 Checked: Jul 17 at 2:16 am
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 OnDemand Realty
Investment Insights
Based on property information with market context.
This 4916 square foot modern farmhouse-style office building is located in McKinney, Texas, near major freeways, the Historic Downtown McKinney Square, and the expanding McKinney National Airport. Constructed in 2019, the property combines design with functionality in a growing commercial corridor. The building's architecture creates a professional environment. A patio overlooks the wooded Wilson Creek Park. The space has been designed for productivity and flexibility, with finishes and an open layout that can accommodate a variety of professional uses. There is over 800 square feet of additional storage space that provides value-add potential in the form of expanded offices, meeting rooms, or specialized work areas. The site includes twelve dedicated parking spaces directly in front of the building, with additional parking in back. The location provides access throughout the Dallas–Fort Worth metroplex and proximity to McKinney National Airport. This property offers long-term value for both owner-users and investors. It is intended for business use.
Key Highlights
- Prime location in rapidly growing McKinney, TX, near major freeways, Historic Downtown, and McKinney National Airport.
- 5000 sq ft modern farmhouse‑style office building with distinctive design and high‑quality finishes.
- Newer construction (built in 2020) with energy‑efficient, updated systems and minimal deferred maintenance.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $21.96 |
| − Vacancy | −$23.8k | −$4.83 |
| EGI | $84.2k | $17.13 |
| − OpEx | −$21.1k | −$4.28 |
| NOI | $63.2k | $12.85 |
4,916 SF · lease $21.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$902.2K
$789.4K – $1.05M
NOI $63,154 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,747 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BRAHMA TITLE & ESCROW, ...
Title Company
Soccer Field
Sports Field & Court
Shelby Graham
Real Estate Agency
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FAQs
What type of property is this?
Office building - Modern office building near major freeways and McKinney Airport.
Where is this office building located?
The property is located at 299 Eldorado Parkway McKinney, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location in rapidly growing McKinney, TX, near major freeways, Historic Downtown, and McKinney National Airport.; **5000 sq ft modern farmhouse‑style office building with distinctive design and high‑quality finishes.**; Newer construction (built in 2020) with energy‑efficient, updated systems and minimal deferred maintenance.
