Flex Building with Drive-In
421 Power House Street, McKinney, TX 75071
For Sale
Contact for pricing
Concrete construction and varied loading access support warehouse, automotive, showroom, and service functions.
Property Size18,668 SF
Lot Size1.36 Acres
Price / SF$227.66
Days on Market9
Property Features for 421 Power House Street
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Additional Details
Highway Access
Property Use
Building Details
Year Built
Buildings
Building Size
Construction
Listing Agency:
Matthews
Listed By:
Cameron Fitzpatrick · License TX #812688
(972) 636-5724
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 12 at 5:11AM
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 Matthews
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.
The 18,668-square-foot flex building was completed in 2007 on a 1.36-acre parcel. Reinforced concrete construction and 22-foot clear height complement a loading setup with 12 drive-in doors and one dock-high door. The property is suited to warehouse, automotive, showroom, service, and other commercial functions.
At 421 Power House Street in McKinney, the site is a short drive from US-75 and US-380, with access to commercial corridors in McKinney and the wider DFW area.
At 421 Power House Street in McKinney, the site is a short drive from US-75 and US-380, with access to commercial corridors in McKinney and the wider DFW area.
Key Highlights
- 18,668 SF building on 1.36 acres
- 12 drive‑in doors and 1 dock‑high door
- 22' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$300,061
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,001,220
$6.0M
Cap Rate 7%
$4,286,586
$4.3M
Cap Rate 9%
$3,334,011
$3.3M
Market Conditions
NOI Build-Up for 18,668 SF
Gross rent
$450.3K $24.12/SF
− Vacancy
−$21.6K −$1.16/SF
EGI
$428.7K $22.96/SF
− OpEx
−$128.6K −$6.89/SF
NOI
$300.1K $16.07/SF
Area
McKinney, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,001,220
Cap Rate 7%
$4,286,586
Cap Rate 9%
$3,334,011
Alternative Uses
Best Use
Retail
$4.29M
$3.75M – $5.00M
NOI $300,061 @ 7.0% cap · market cap 7.06%
Second Best
Warehouse
$2.04M
$1.79M – $2.38M
NOI $143,029 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$5.25M
$4.59M – $6.12M
NOI $367,386 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
22 ft
Clear height
1
Dock-high doors
12
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75071, TX
64,449
Population
23,861
Households
2.7
Avg Household Size
35
Median Age
51%
College-Educated
94%
High-School Grad
74.1 sq mi
ZIP Area
870
Density / Sq Mi
$132,839
Median Household Income
$63,459
Median Earnings
$2,105
Median Rent
$448,500
Median Home Value
Market
Average Price Trend$/SF for Flex space in Collin County, TX
Properties on Market for Flex space in Collin County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Concrete construction and varied loading access support warehouse, automotive, showroom, and service functions.
Where is this flex space located?
The property is located at 421 Power House Street McKinney, TX.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 18,668 SF building on 1.36 acres; 12 drive‑in doors and 1 dock‑high door; 22' clear height
