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    Office Condo Connected to Parking Garage Title is generated by Realmo AI

    6675 Mediterranean Drive, McKinney, TX 75072

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    Picture of Office Units at 6675 Mediterranean Drive, McKinney, TX
    For Lease
    $36 SF/Yr

    COMMERCIAL - McKinney, TX

    Type:Office
    Lot size:
    4.32 Acres
    Added:
    May 11, 2026
    Days on Market:
    25
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 6675 Mediterranean Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Garage, Assigned
    Standard status
    Active
    APN
    R1069200034011
    Lot size
    4.32 Acres

    Taxes and HOA fees

    Tax Description
    HARBOR AT ADRIATICA OFFICE CONDOMINIUMS (CMC)

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2013
    Floors in Building
    4
    Number of units
    7
    Flooring type
    Carpet
    Building materials
    Brick, Concrete
    Roof type
    Slate

    We can help!

    Listing Contact
    Wesley Haile

    Listing agent Wesley Haile License #0712321

    Listing office Russell Realty McKinney, TX

    Listing date May 11, 2026

    MLS# 21184465

    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

    • Office condo in Adriatica development, built in 2013
    • Brick and concrete construction
    • Slate roof
    • Central heating and central air conditioning with electric options
    • Public water and public sewer
    • Parking includes a connected parking garage plus garage and assigned spaces

    Overview

    Adriatica Village Office Condos offer a dedicated office condo setup within the Adriatica development. The office spaces are connected to the parking garage, designed to make day-to-day parking and access straightforward. The property is presented as an office environment with convenient on-site functionality for tenants who want practical connectivity from arrival to workspace.

    The condos are situated in a tranquil setting and are described as being in the heart of McKinney, Texas. The location is also positioned for convenience to nearby restaurants and shopping, supporting business needs for both workdays and client visits.

    This offering is well suited for professional and service-oriented tenants seeking an office condo format rather than a traditional stand-alone building. With direct connection to the parking garage, it can be an attractive option for teams that prioritize ease of access and a polished, low-friction arrival experience. As an office space within a broader development, it may also appeal to operators looking for a managed setting close to everyday conveniences. Schedule a tour to review the layout and confirm how the parking connection can support your day-to-day operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mindful Reflections Counseling ... Physician Next Level Chiropractic Alternative Medicine Practice Ready to Read Learning ... Tutoring Service Texas Premier Group ... Insurance Agency Texara Solutions LLC Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.705151
    Latitude
    33.195999

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    FAQs

    What type of property is this?
    Office units - Convenient office condo within Adriatica Village, linked directly to the parking garage for easy access.
    Where is this office units located?
    The property is located at 6675 Mediterranean Drive McKinney, TX.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: Office condo in Adriatica development, built in 2013; Brick and concrete construction; Slate roof
    (469) 223-5972
    We can help!
    Listing Contact
    Wesley Haile
    Real Estate License ID: 0712321
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    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
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