McKinney Office/Medical Condominium For
For Sale
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3600 Eldorado Pkwy, McKinney, TX 75072
Office/medical condominium in a well-located commercial setting in McKinney, TX.
Property Size1,450 SF
Price / SF$310.34
Days on Market185
Property Features for 3600 Eldorado Pkwy
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Office
Zoning
PD-Office
Investment Type
Owner/User
Building Details
Year Built
2015
Buildings
1
Stories
1
Units
1
Listing Agency:
Carey Cox Company
(214) 636-3291
Listed By:
Staci Heuvel · License #688838
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 8 at 6:31AM
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 Carey Cox Company
Investment Insights
Based on property information with market context.
This office/medical condominium offers an ownership opportunity in McKinney, TX. The property, with ±1,450 square feet, is located near the Eldorado Parkway corridor. The surrounding area includes retail, services, and residential areas. The unit has a functional layout suitable for medical, professional, or specialty office use. Condo ownership in this area is an option for owner-users or investors in a high-demand North Collin County market.
Key Highlights
- ±1,450 SF office/medical condominium for sale.
- Prime location near Eldorado Parkway in McKinney, TX.
- Benefits from strong surrounding retail, services, and residential density.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,792
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,840
$375.8K
Cap Rate 7%
$268,457
$268.5K
Cap Rate 9%
$208,800
$208.8K
Market Conditions
NOI Build-Up for 1,450 SF
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.
Gross rent
$34.8K $24.00/SF
− Vacancy
−$3.5K −$2.40/SF
EGI
$31.3K $21.60/SF
− OpEx
−$12.5K −$8.64/SF
NOI
$18.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,840
Cap Rate 7%
$268,457
Cap Rate 9%
$208,800
Alternative Uses
Best Use
Healthcare Medical
$268.5K
$234.9K – $313.2K
NOI $18,792 @ 7.0% cap · market cap 4.18%
Second Best
Office B
$266.1K
$232.9K – $310.5K
NOI $18,628 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$407.7K
$356.7K – $475.6K
NOI $28,536 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75072, TX
55,538
Population
18,618
Households
3
Avg Household Size
38
Median Age
62%
College-Educated
98%
High-School Grad
12.1 sq mi
ZIP Area
4,590
Density / Sq Mi
$155,294
Median Household Income
$74,341
Median Earnings
$2,317
Median Rent
$472,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Eldorado Animal Hospital — 3170 Eldorado Pkwy, McKinney, TX 75070
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- Lake Forest Animal Hospital — 3935 S Lake Forest Dr Suite 100, McKinney, TX 75070
- Highlands-Eldorado Veterinary Hospital — 4201 Highlands Dr, McKinney, TX 75070
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office/medical condominium in a well-located commercial setting in McKinney, TX.
Where is this medical office space located?
The property is located at 3600 Eldorado Pkwy McKinney, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: ±1,450 SF office/medical condominium for sale.; Prime location near Eldorado Parkway in McKinney, TX.; Benefits from strong surrounding retail, services, and residential density.
