Office Building with Parkside
For Sale
$1,800,000
299 Eldorado Pkwy, McKinney, TX 75069
Open-plan professional space includes dedicated front parking and wooded views toward Wilson Creek Park.
Property Size5,000 SF
Price / SF$366.15
Days on Market85
Property Features for 299 Eldorado Pkwy
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
12
Additional Details
Highway Access
Yes
Amenities
patio
Building Details
Year Built
2020
Buildings
1
Building Size
5,000 SF
Construction
modern farmhouse
Listing Agency:
OnDemand Realty
Listed By:
Bill Oglesby · License #0727408
(214) 766-5833
Source:
Franzettirealestate
Added: Jul 21
Changed: Sep 14
Last Checked: Oct 7 at 1:49PM
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 office building in McKinney features modern farmhouse-style architecture, an open interior layout, and high-quality finishes suited to a range of professional uses. More than 800 square feet of additional storage provides flexible space for offices, meeting rooms, or specialized work areas. A patio extends the usable setting and overlooks the wooded surroundings of Wilson Creek Park.
The property includes twelve dedicated parking spaces directly in front of the building, with additional parking at the rear. Its position near major freeways, Historic Downtown McKinney Square, and McKinney National Airport provides access to key McKinney destinations and the broader Dallas–Fort Worth metroplex.
The property includes twelve dedicated parking spaces directly in front of the building, with additional parking at the rear. Its position near major freeways, Historic Downtown McKinney Square, and McKinney National Airport provides access to key McKinney destinations and the broader Dallas–Fort Worth metroplex.
Key Highlights
- Modern farmhouse‑style office building with an open interior layout
- More than 800 square feet of additional storage space
- Patio overlooking the wooded setting of Wilson Creek Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,154
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,080
$1.3M
Cap Rate 7%
$902,200
$902.2K
Cap Rate 9%
$701,711
$701.7K
Market Conditions
NOI Build-Up for 4,916 SF
Gross rent
$108.0K $21.96/SF
− Vacancy
−$23.8K −$4.83/SF
EGI
$84.2K $17.13/SF
− OpEx
−$21.1K −$4.28/SF
NOI
$63.2K $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 Rate 5%
$1,263,080
Cap Rate 7%
$902,200
Cap Rate 9%
$701,711
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 authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 75069, TX
39,084
Population
16,958
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
88%
High-School Grad
33.7 sq mi
ZIP Area
1,160
Density / Sq Mi
$82,804
Median Household Income
$42,816
Median Earnings
$1,530
Median Rent
$413,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Open-plan professional space includes dedicated front parking and wooded views toward Wilson Creek Park.
Where is this office building located?
The property is located at 299 Eldorado Pkwy 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: Modern farmhouse‑style office building with an open interior layout; More than 800 square feet of additional storage space; Patio overlooking the wooded setting of Wilson Creek Park
