Finished Office
For Sale
$473,990
6000 Alma Road #902 902, McKinney, TX 75070
Professional office condominium with private offices, reception, restroom, break area, and dedicated parking convenience.
Property Size1,225 SF
Price / SF$386.93
Days on Market16
Property Features for 6000 Alma Road #902 902
General Information
Standard status
Active
Size
1,225 SF
Occupancy
100%
Additional Details
Gross Income
$38,340
Road Access
Yes
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
Texas Elite Realty
(214) 592-9600
Listed By:
John Martellini · License #0635666
Source:
Susiethompson
Added: Aug 17
Changed: Aug 29
Last Checked: Aug 31 at 5:21PM
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 Texas Elite Realty
Investment Insights
Based on property information with market context.
This office condominium contains 1,225 square feet of finished workspace arranged with four private offices, a reception area, a private restroom, and a break area. Interior details include granite countertops, 42-inch cabinetry, and motion-sensor lighting, creating a contemporary setting for general office use.
The property is part of Collin Ridge Office Condos at the corner of Alma Road and Collin McKinney Parkway in McKinney, Texas. Parking is available for employees and visitors, and the location is surrounded by established businesses. The unit is currently leased through May 2028, offering an existing occupancy arrangement for an owner seeking professional office space.
The property is part of Collin Ridge Office Condos at the corner of Alma Road and Collin McKinney Parkway in McKinney, Texas. Parking is available for employees and visitors, and the location is surrounded by established businesses. The unit is currently leased through May 2028, offering an existing occupancy arrangement for an owner seeking professional office space.
Key Highlights
- 1,225‑square‑foot office condominium
- Four private offices plus reception, break area, and private restroom
- Granite countertops and 42‑inch cabinetry
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
$15,737
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
3.32%
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%
$314,740
$314.7K
Cap Rate 7%
$224,814
$224.8K
Cap Rate 9%
$174,856
$174.9K
Market Conditions
NOI Build-Up for 1,225 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
$26.9K $21.96/SF
− Vacancy
−$5.9K −$4.83/SF
EGI
$21.0K $17.13/SF
− OpEx
−$5.2K −$4.28/SF
NOI
$15.7K $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 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%
$314,740
Cap Rate 7%
$224,814
Cap Rate 9%
$174,856
Alternative Uses
Best Use
Office B
$224.8K
$196.7K – $262.3K
NOI $15,737 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.4K
$301.4K – $401.8K
NOI $24,108 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
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?
Office units - Professional office condominium with private offices, reception, restroom, break area, and dedicated parking convenience.
Where is this office units located?
The property is located at 6000 Alma Road #902 902 McKinney, TX.
What is the asking price?
The asking price for this property is $473,990.
What are key features of this property?
This property features: 1,225‑square‑foot office condominium; Four private offices plus reception, break area, and private restroom; Granite countertops and 42‑inch cabinetry
