Five-Office Suite
New
For Sale
$500,000
3600 Eldorado Parkway 2, McKinney, TX 75070
Tenant-occupied workspace includes a reception area, meeting room, kitchenette, and private restroom.
Property Size1,450 SF
Price / SF$344.83
Days on Market5
Property Features for 3600 Eldorado Parkway 2
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Office
Occupancy
100%
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$9,537
Building Details
Building Size
1,450 SF
Year Built
2015
Tenancy
Single
Owner Occupied
No
Listing Agency:
M&D CRE, LLC
Listed By:
Cody Rollins · License #0821652
(972) 322-3388
Source:
Sociallivingre
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 12:22AM
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
Investment Insights
Based on property information with market context.
This 1,450-square-foot office condominium is arranged with five private offices, a separate meeting room, and a reception foyer. A kitchenette and private restroom serve the suite. Carpeted work areas and recessed lighting are part of the finished interior. The property was built in 2015 and is currently tenant occupied; the tenant has indicated interest in renewing, subject to mutually agreed lease terms.
Located at 3600 Eldorado Parkway, Building D, Suite 2, in McKinney, the suite is part of Capital Plaza Office Condominiums.
Located at 3600 Eldorado Parkway, Building D, Suite 2, in McKinney, the suite is part of Capital Plaza Office Condominiums.
Key Highlights
- 1,450‑square‑foot office condominium
- Five private offices plus 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
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
721
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Tenant-occupied workspace includes a reception area, meeting room, kitchenette, and private restroom.
Where is this office units located?
The property is located at 3600 Eldorado Parkway 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: 1,450‑square‑foot office condominium; Five private offices plus a separate meeting room; Reception foyer, kitchenette, and private restroom
