Office Condominium with Meeting
New
For Sale
$500,000
3600 Eldorado Parkway #2 2, McKinney, TX 75070
The suite combines private work areas with a dedicated reception foyer, kitchenette and restroom.
Property Size1,450 SF
Price / SF$344.83
Days on Market5
Property Features for 3600 Eldorado Parkway #2 2
General Information
Standard status
Active
Size
1,450 SF
Additional Details
Condition
Built-Out
Tenant in Place
Yes
Property Use
Office
Building Details
Tenancy
Single
Listing Agency:
M&D CRE, LLC
(972) 772-6025
Listed By:
Cody Rollins · License #0821652
(972) 322-3388
Source:
Lillieyounggroup
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 2:10PM
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 M&D CRE, LLC
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.
This office condominium at 3600 Eldorado Parkway, Building D, Suite 2, in McKinney contains approximately 1,450 SF. Its layout includes five private offices, a distinct meeting room and a reception foyer, along with a kitchenette and private restroom. Carpeted office areas and recessed lighting finish the interior.
The suite is currently occupied by a tenant who has indicated interest in renewal; any extension would require mutually agreed lease terms.
The suite is currently occupied by a tenant who has indicated interest in renewal; any extension would require mutually agreed lease terms.
Key Highlights
- Approximately 1,450 SF office condominium
- Five private offices and a separate meeting room
- Reception foyer, kitchenette and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,628
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,560
$372.6K
Cap Rate 7%
$266,114
$266.1K
Cap Rate 9%
$206,978
$207.0K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$31.8K $21.96/SF
− Vacancy
−$7.0K −$4.83/SF
EGI
$24.8K $17.13/SF
− OpEx
−$6.2K −$4.28/SF
NOI
$18.6K $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%
$372,560
Cap Rate 7%
$266,114
Cap Rate 9%
$206,978
Alternative Uses
Best Use
Office B
$266.1K
$232.9K – $310.5K
NOI $18,628 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.7K
$356.7K – $475.6K
NOI $28,536 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 75070, TX
57,712
Population
24,323
Households
2.4
Avg Household Size
34
Median Age
57%
College-Educated
98%
High-School Grad
11.3 sq mi
ZIP Area
5,107
Density / Sq Mi
$106,549
Median Household Income
$65,855
Median Earnings
$1,799
Median Rent
$429,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite combines private work areas with a dedicated reception foyer, kitchenette and restroom.
Where is this office unit located?
The property is located at 3600 Eldorado Parkway #2 2 McKinney, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 1,450 SF office condominium; Five private offices and a separate meeting room; Reception foyer, kitchenette and private restroom
