End-Unit Medical
For Sale
$925,000
5860 Collin McKinney Parkway #601-602, McKinney, TX 75070
End-unit medical or professional office with multiple private offices, reception, kitchen area, and two restrooms.
Property Size2,120 SF
Price / SF$436.32
Days on Market66
Property Features for 5860 Collin McKinney Parkway #601-602
General Information
Standard status
Active
Size
2,120 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Office Units
7
Building Details
Building Size
2,120 SF
Year Built
2022
Stories
1
Units
2
Listing Agency:
Kabe Realty
(682) 439-5624
Listed By:
Katt McGlasson
(682) 439-5624
Source:
Signaturere
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 8 at 1:10PM
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 Kabe Realty
Investment Insights
Based on property information with market context.
This end-unit office suite offers a professional, turnkey layout with a covered entrance, welcoming reception area, and a dedicated front office. It includes seven spacious private office rooms and a well-equipped kitchen area with two refrigerators. The suite also provides two separate restrooms. Large windows bring natural light, and the exterior features a stone and brick façade. The plan mirrors on both sides, with the ability to divide the space equally by enclosing one doorway, supporting flexible occupancy.
The property is located on Collin McKinney Parkway in a densely populated area near Emerson High School. It provides high visibility from Collin McKinney Parkway and offers common parking for clients and staff.
Designed for medical office or professional services, the configuration supports both client-facing space and multiple private rooms for staff use. With a reception, front office, and dedicated restrooms, the suite is well suited for practices and service providers seeking a ready-to-operate environment with common parking and prominent exterior presence.
The property is located on Collin McKinney Parkway in a densely populated area near Emerson High School. It provides high visibility from Collin McKinney Parkway and offers common parking for clients and staff.
Designed for medical office or professional services, the configuration supports both client-facing space and multiple private rooms for staff use. With a reception, front office, and dedicated restrooms, the suite is well suited for practices and service providers seeking a ready-to-operate environment with common parking and prominent exterior presence.
Key Highlights
- 2022‑built, 2,120 SF end‑unit medical or professional office on Collin McKinney Pkwy
- Reception area plus dedicated front office
- Includes 7 private office spaces (no sinks)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,475
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,500
$549.5K
Cap Rate 7%
$392,500
$392.5K
Cap Rate 9%
$305,278
$305.3K
Market Conditions
NOI Build-Up for 2,120 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.9K $24.00/SF
− Vacancy
−$5.1K −$2.40/SF
EGI
$45.8K $21.60/SF
− OpEx
−$18.3K −$8.64/SF
NOI
$27.5K $12.96/SF
Area
McKinney, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,500
Cap Rate 7%
$392,500
Cap Rate 9%
$305,278
Alternative Uses
Best Use
Healthcare Medical
$392.5K
$343.4K – $457.9K
NOI $27,475 @ 7.0% cap · market cap 2.97%
Second Best
Office B
$389.1K
$340.4K – $453.9K
NOI $27,235 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$596.0K
$521.5K – $695.4K
NOI $41,722 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Office units
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - End-unit medical or professional office with multiple private offices, reception, kitchen area, and two restrooms.
Where is this medical office space located?
The property is located at 5860 Collin McKinney Parkway #601-602 McKinney, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 2022‑built, 2,120 SF end‑unit medical or professional office on Collin McKinney Pkwy; Reception area plus dedicated front office; Includes 7 private office spaces (no sinks)
