Office Building with
New
For Sale
Contact for pricing
5573 FM 1461, McKinney, TX 75071
The property offers a 1.70-acre setting, updated finishes, and a layout suited to several commercial uses.
Property Size1,612 SF
Lot Size1.70 Acres
Price / SF$2.48
Days on Market5
Property Features for 5573 FM 1461
General Information
Standard status
Active
Size
1,612 SF
Lot size
1.70 Acres
Property subtype
Office
Additional Details
Utilities to Site
Yes
Property Use
Office
Amenities
conference hall
kitchen
dining hall
laundry
Building Details
Year Built
1998
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:46PM
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 Magnorum Realty Services, LLC
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Investment Insights
Based on property information with market context.
This freestanding office property contains three private rooms, a conference or prayer hall, kitchen, and dining hall, along with two restrooms. Granite countertops, new flooring, fresh paint, and updated bathrooms are among the improvements. The garage has two doors and includes approximately 400 square feet that may serve as private office space.
The building sits on an approximately 1.70-acre lot in McKinney and is within Prosper ISD. Commercial uses identified for the property include salon, school, standard or professional office, church, studio, spa, and medical office. An exterior shed is separate from the building and is not included in the lease.
The building sits on an approximately 1.70-acre lot in McKinney and is within Prosper ISD. Commercial uses identified for the property include salon, school, standard or professional office, church, studio, spa, and medical office. An exterior shed is separate from the building and is not included in the lease.
Key Highlights
- Approximately 1.70‑acre lot in McKinney
- Three private rooms, conference or prayer hall, kitchen, dining hall, and two restrooms
- Two‑door garage with approximately 400 square feet of additional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,709
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,180
$414.2K
Cap Rate 7%
$295,843
$295.8K
Cap Rate 9%
$230,100
$230.1K
Market Conditions
NOI Build-Up for 1,612 SF
Gross rent
$35.4K $21.96/SF
− Vacancy
−$7.8K −$4.83/SF
EGI
$27.6K $17.13/SF
− OpEx
−$6.9K −$4.28/SF
NOI
$20.7K $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%
$414,180
Cap Rate 7%
$295,843
Cap Rate 9%
$230,100
Alternative Uses
Best Use
Office B
$295.8K
$258.9K – $345.2K
NOI $20,709 @ 7.0% cap · market cap 518.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$453.2K
$396.6K – $528.7K
NOI $31,724 @ 7.0% cap · market cap 794.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office building - The property offers a 1.70-acre setting, updated finishes, and a layout suited to several commercial uses.
Where is this office building located?
The property is located at 5573 FM 1461 McKinney, TX.
What are key features of this property?
This property features: Approximately 1.70‑acre lot in McKinney; Three private rooms, conference or prayer hall, kitchen, dining hall, and two restrooms; Two‑door garage with approximately 400 square feet of additional space
