Medical Office Space with Exam
For Sale
Contact for pricing
5291 W University Drive, McKinney, TX 75071
A clinical floor plan combines dedicated imaging space, private offices, and patient areas.
Property Size6,358 SF
Price / SF$3.26
Days on Market15
Property Features for 5291 W University Drive
General Information
Standard status
Active
Size
6,358 SF
Total Parking Spaces
25
Property subtype
Business
Additional Details
Condition
Built-Out
Property Use
Medical Office
Amenities
conference room
employee breakroom
patient waiting area
Building Details
Year Built
2019
Buildings
1
Building Size
6,358 SF
Listing Agency:
United Real Estate
(972) 372-0590
Listed By:
Troy Biesel · License #0564042
(972) 467-8365
Source:
Ember-realty
Added: Oct 21
Changed: Nov 3
Last Checked: Nov 4 at 7:02AM
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 United Real Estate
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Investment Insights
Based on property information with market context.
This 6,358-square-foot freestanding medical office in McKinney was built in 2019. Its interior contains 10 exam rooms, a separate X-ray room, private offices, a conference room, an employee breakroom, three restrooms, and a spacious waiting area. The existing medical configuration is complemented by 25 parking spaces.
At 5291 W University Drive, the property sits across from Baylor Scott & White Medical Center. It is part of a commercial development anchored by Kroger, with national and local retailers, restaurants, and everyday services in the surrounding area.
At 5291 W University Drive, the property sits across from Baylor Scott & White Medical Center. It is part of a commercial development anchored by Kroger, with national and local retailers, restaurants, and everyday services in the surrounding area.
Key Highlights
- 6,358‑square‑foot freestanding medical office building
- Built in 2019
- 10 exam rooms and a dedicated X‑ray room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,679
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,633,580
$1.6M
Cap Rate 7%
$1,166,843
$1.2M
Cap Rate 9%
$907,544
$907.5K
Market Conditions
NOI Build-Up for 6,358 SF
Gross rent
$139.6K $21.96/SF
− Vacancy
−$30.7K −$4.83/SF
EGI
$108.9K $17.13/SF
− OpEx
−$27.2K −$4.28/SF
NOI
$81.7K $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%
$1,633,580
Cap Rate 7%
$1,166,843
Cap Rate 9%
$907,544
Alternative Uses
Best Use
Healthcare Medical
$1.18M
$1.03M – $1.37M
NOI $82,400 @ 7.0% cap · market cap 397.11%
Second Best
Office B
$1.17M
$1.02M – $1.36M
NOI $81,679 @ 7.0% cap · market cap 393.63%
Theoretical Best
Office A
$1.79M
$1.56M – $2.09M
NOI $125,125 @ 7.0% cap · market cap 603.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- easyvet Veterinarian Mckinney — 1821 N Lake Forest Dr Ste 800, McKinney, TX 75071
- 380 West Animal Hospital — 4701 W University Dr, McKinney, TX 75071
Frequently Asked Questions
What type of property is this?
Medical Office Space - A clinical floor plan combines dedicated imaging space, private offices, and patient areas.
Where is this medical office space located?
The property is located at 5291 W University Drive McKinney, TX.
What are key features of this property?
This property features: 6,358‑square‑foot freestanding medical office building; Built in 2019; 10 exam rooms and a dedicated X‑ray room
