Medical Office
For Sale
Contact for pricing
6609 Virginia Parkway, McKinney, TX 75071
Healthcare property occupied by an established women’s health practice offering comprehensive outpatient services.
Property Size22,241 SF
Price / SF$366.89
Days on Market56
Property Features for 6609 Virginia Parkway
General Information
Standard status
Active
Size
22,241 SF
Class
A
Property subtype
Office
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$632,433
Building Details
Year Built
2009
Tenancy
Single
Listing Agency:
ERE Healthcare Real Estate Advisors
Listed By:
Michael Campbell · License #CA 01843521
Source:
Crexi
Added: Aug 26
Changed: Oct 14
Last Checked: Oct 19 at 4:28AM
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 ERE Healthcare Real Estate Advisors
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Investment Insights
Based on property information with market context.
The property is a 22,241-square-foot medical office space at 6609 Virginia Parkway in McKinney, Texas. Constructed in 2009, it is associated with Adriatica Women’s Health, an OB/GYN practice serving patients from locations in McKinney and Prosper.
The practice provides obstetrics, gynecology, menopause management, fertility evaluations, in-office 3D mammography, and MonaLisa Touch® treatments. Its provider team includes board-certified physicians and midwives. Adriatica Women’s Health joined Unified Women’s Healthcare of Texas in 2020, adding operational and clinical management support to the practice.
The practice provides obstetrics, gynecology, menopause management, fertility evaluations, in-office 3D mammography, and MonaLisa Touch® treatments. Its provider team includes board-certified physicians and midwives. Adriatica Women’s Health joined Unified Women’s Healthcare of Texas in 2020, adding operational and clinical management support to the practice.
Key Highlights
- 22,241‑square‑foot medical office space
- Built in 2009
- Located at 6609 Virginia Parkway, McKinney, TX 75071
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$288,243
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,764,860
$5.8M
Cap Rate 7%
$4,117,757
$4.1M
Cap Rate 9%
$3,202,700
$3.2M
Market Conditions
NOI Build-Up for 22,241 SF
Gross rent
$533.8K $24.00/SF
− Vacancy
−$53.4K −$2.40/SF
EGI
$480.4K $21.60/SF
− OpEx
−$192.2K −$8.64/SF
NOI
$288.2K $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 Rate 5%
$5,764,860
Cap Rate 7%
$4,117,757
Cap Rate 9%
$3,202,700
Alternative Uses
Best Use
Healthcare Medical
$4.12M
$3.60M – $4.80M
NOI $288,243 @ 7.0% cap · market cap 3.53%
Second Best
Office B
$4.08M
$3.57M – $4.76M
NOI $285,721 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$6.25M
$5.47M – $7.30M
NOI $437,703 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Stonebridge Family Vet — 200 Ridge Rd, McKinney, TX 75072
Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare property occupied by an established women’s health practice offering comprehensive outpatient services.
Where is this medical office space located?
The property is located at 6609 Virginia Parkway McKinney, TX.
What is the asking price?
The asking price for this property is $8,160,000.
What are key features of this property?
This property features: 22,241‑square‑foot medical office space; Built in 2009; Located at 6609 Virginia Parkway, McKinney, TX 75071
