Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Church Building For Rent Title is generated by Realmo AI

    651 W New hope, McKinney, TX 75071

    View on Map
    Claim this Listing
    For Lease
    $4,495/Mo $29 SF/Yr (calc)

    COMMERCIAL - McKinney, TX

    Type:Retail
    Property size:
    1,848 SF
    Lot size:
    2.03 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 651 W New hope

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Open
    Standard status
    Active
    APN
    2634137
    Size
    1,848 SF
    Lot size
    2.03 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Private

    Building Details

    Year built
    1983
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Vinyl
    Roof type
    Composition

    We can help!

    Listing Contact
    Anoo Sathappun

    Listing agent Anoo Sathappun License #0635204

    Listing office Redbud Offices LLC Garland, TX

    Listing date Mar 18, 2026

    MLS# 21210506

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Spacious 1,848 sq ft building renovated in 2022.
    • Versatile layout adaptable for various uses.
    • Large parking lot with approximately 26 spaces.
    • High ceilings and abundant natural light.
    • Rental rate includes property taxes and insurance.
    • Central heating and air conditioning.

    Overview

    This spacious church building, originally constructed in 1983 and renovated in 2022, offers 1,848 square feet of functional space and has been well-maintained. Designed to accommodate gatherings, services, and community events, the property provides a versatile layout that can be adapted for a variety of uses. The building features an open sanctuary area with ample seating capacity. High ceilings and natural light enhance the welcoming atmosphere, making it ideal for worship services, educational programs, or organizational activities. The property includes a large parking lot with approximately 26 spaces. The rental rate includes both property taxes and insurance. The property is located in McKinney, TX, on a 2.03-acre lot.
    Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.575382
    Latitude
    33.204877

    Nearby Similar for Lease

    • $3,000/Mo
      1,225 SF

      New Office Suite in McKinney

      Newly constructed 1,225 SF office suite for lease.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • $26 SF/Yr
      1,225 SF

      Move-in Ready McKinney Office Space

      Professional office space in Stonebridge Ranch, McKinney, TX.
      3900 S Stonebridge Drive, McKinney, TX 75070
      View Details
    • $500/Mo
      88 SF

      Unique Office Space in McKinney

      Quiet, renovated office space in downtown McKinney. Perfect for professionals.
      206 E Louisiana Street, McKinney, TX 75069
      View Details
    • $2,700/Mo

      Office Suite with Private Entrance

      Office suite featuring a private entrance, reception, and ample parking.
      1402 S Custer Road, McKinney, TX 75072
      View Details
    • $600/Mo

      Turnkey Office Space in McKinney

      Class B office space in high-growth North Texas corridor.
      8751 Collin Mckinney Parkway, McKinney, TX 75070
      View Details
    • $1,095/Mo
      600 SF

      Office Space in McKinney, TX

      Office space for lease in McKinney, approximately 600 SF.
      10055 Aeronca Lane, McKinney, TX 75071
      View Details
    • $1,451/Mo

      Fully Furnished Private Office

      Move in ready office suites with receptionist support, utilities, parking, and shared conference access.
      7300 State Highway 121, McKinney, TX 75070
      View Details
    • $6,501/Mo

      Fully Furnished Private Office Space

      Move-in ready offices with receptionist support, printing, utilities, janitorial, and conference room access for flexible work teams.
      7300 State Highway 121, McKinney, TX 75070
      View Details
    • $3,062/Mo

      Turnkey Office Condominium Suite

      Built-out office condo with reception, four private offices, kitchen, and private restroom for professional services.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • $19 SF/Yr
      2,500 SF

      Office Plus Warehouse at Airport

      Versatile office and warehouse space near Aero Country Airport.
      10035 Aeronca Lane, McKinney, TX 75071
      View Details
    • $3,000/Mo

      McKinney Office with Private Entrance

      Corner office unit with private entrance, ideal for various businesses.
      8751 Collin Mckinney Parkway, McKinney, TX 75070
      View Details
    • $789/Mo

      Office Unit with Balcony View

      Office space with balcony overlooking town center in McKinney.
      6675 Mediterranean Drive, McKinney, TX 75072
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Versatile 1,848 SF church building in McKinney, TX.
    Where is this church & religious facility located?
    The property is located at 651 W New hope McKinney, TX.
    What is the lease rate?
    The lease rate is $4,495 /Mo.
    What are key features of this property?
    This property features: Spacious 1,848 sq ft building renovated in 2022.; Versatile layout adaptable for various uses.; Large parking lot with approximately 26 spaces.
    (214) 763-0411
    We can help!
    Listing Contact
    Anoo Sathappun
    Real Estate License ID: 0635204
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    651 W New hope, McKinney, TX 75071
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!