Office Condo with Private
For Sale
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3721 S Stonebridge Drive #704, McKinney, TX 75070
Three enclosed offices accompany a conference room, reception area, kitchen and restroom.
Property Size1,225 SF
Price / SF$2.86
Days on Market17
Property Features for 3721 S Stonebridge Drive #704
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
greenbelt views
Building Details
Year Built
2022
Listing Agency:
Competitive Edge Realty LLC
(972) 200-3685
Listed By:
Hayman Shwan · License #0779215
(214) 604-2477
Source:
Magnorumrealty
Added: Oct 19
Changed: Nov 3
Last Checked: Nov 3 at 8:22AM
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 Competitive Edge Realty LLC
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Investment Insights
Based on property information with market context.
This 1,225-square-foot office condo in McKinney was built in 2022. Its plan includes three private offices, a conference room, reception space, a kitchen and a restroom. Each office has a window; carpet finishes the private offices, while hardwood flooring appears in the reception area, hallways and conference room. The kitchen has granite countertops and ceramic tile flooring.
The unit is at 3721 S Stonebridge Drive, within Cascade Creek Office Park at the corner of Stonebridge Drive and Cascades Drive. It overlooks a greenbelt and has parking available. Nearby context includes H-E-B, restaurants and large residential developments.
The unit is at 3721 S Stonebridge Drive, within Cascade Creek Office Park at the corner of Stonebridge Drive and Cascades Drive. It overlooks a greenbelt and has parking available. Nearby context includes H-E-B, restaurants and large residential developments.
Key Highlights
- 1,225‑square‑foot office condo built in 2022
- Three private offices, each with a window
- Conference room, reception area, kitchen and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,737
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,740
$314.7K
Cap Rate 7%
$224,814
$224.8K
Cap Rate 9%
$174,856
$174.9K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$26.9K $21.96/SF
− Vacancy
−$5.9K −$4.83/SF
EGI
$21.0K $17.13/SF
− OpEx
−$5.2K −$4.28/SF
NOI
$15.7K $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%
$314,740
Cap Rate 7%
$224,814
Cap Rate 9%
$174,856
Alternative Uses
Best Use
Office B
$224.8K
$196.7K – $262.3K
NOI $15,737 @ 7.0% cap · market cap 449.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.4K
$301.4K – $401.8K
NOI $24,108 @ 7.0% cap · market cap 688.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Three enclosed offices accompany a conference room, reception area, kitchen and restroom.
Where is this office unit located?
The property is located at 3721 S Stonebridge Drive #704 McKinney, TX.
What are key features of this property?
This property features: 1,225‑square‑foot office condo built in 2022; Three private offices, each with a window; Conference room, reception area, kitchen and restroom
