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    New Mixed-Use Development Space Title is generated by Realmo AI

    4041 S CUSTER RD UNIT 2240, McKinney, TX 75070

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    New retail/office/medical space in McKinney, ready for occupancy.

    Type:Retail, Office
    Property size:
    1,736 SF
    Added:
    Apr 16, 2026
    Days on Market:
    45
    Last Refresh:
    Apr 23 at 10:01 pm

    Property Features for 4041 S CUSTER RD UNIT 2240

    General Information

    Standard status
    Active
    Size
    1,736 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 4041 S CUSTER RD UNIT 2240 Contact us

    Unit 2240 $32/Mo

    Size
    1,736 SF
    Type
    Retail, Office
    <p>Tenant Improvement Availabable</p>
    Contact us

    We can help!

    Listing Contact
    Jacob Pal

    Listing agent Jacob Pal License #FSBO

    Listing office Trident Investments

    Listing date Apr 16, 2026

    Source Crexi

    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 Trident Investments

    HighLights

    • Prime location with high traffic (28000 VPD) and foot traffic from 700 apartments within the same complex.
    • New construction (2025) in an 11‑acre mixed‑use development.
    • Suitable for retail, office, or medical use with build‑out support available.
    • Excellent signage visibility on S Custer Rd.
    • 1736 SFT space with 24 ft frontage.
    • Located on the 2nd floor with 2 elevators and ample parking.

    Overview

    Located at 4041 S Custer Rd, Unit 2240, McKinney, TX, Florence at McKinney is a new mixed-use development completed in 2025. This space, suitable for retail, office, or medical use, offers 1736 square feet with a 24-foot frontage and dimensions of 24 x 79 x 14 feet. Situated on the second floor, the suite is accessible via two elevators. The location benefits from high traffic volume, with 28,000 vehicles per day, and ample parking. The property is within walking distance of 700 apartments within the same complex, ensuring significant foot traffic. With prime signage visibility on high-traffic S Custer Rd, this location is suitable for retail, medical, dental, wellness, spa, studios, tutoring, and professional office uses. The space is in bare-shell condition with build-out support available for qualified tenants. The 11-acre mixed-use development was completed in 2025 and is ready for occupancy.
    Location Intelligence

    Current Use by Public Records

    beem Light Sauna ... Gym & Fitness Center The Manifest Barbershop Barber Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.7296737
    Latitude
    33.1628191

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    FAQs

    What type of property is this?
    Mixed-use property - New retail/office/medical space in McKinney, ready for occupancy.
    Where is this mixed-use property located?
    The property is located at 4041 S CUSTER RD UNIT 2240 McKinney, TX.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Prime location with high traffic (28000 VPD) and foot traffic from 700 apartments within the same complex.; New construction (2025) in an 11‑acre mixed‑use development.; Suitable for retail, office, or medical use with build‑out support available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jacob Pal
    Real Estate License ID: FSBO
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    4041 S CUSTER RD, UNIT 2240, McKinney, TX 75070
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