Office Unit with Town Center
New
For Sale
Contact for pricing
6675 Mediterranean Drive #202, McKinney, TX 75072
A private office suite pairs controlled access with a window overlooking the surrounding town center.
Property Size343 SF
Price / SF$3
Days on Market4
Property Features for 6675 Mediterranean Drive #202
General Information
Standard status
Active
Size
343 SF
Property subtype
Office
Additional Details
Floor
2nd floor
Property Use
Office
Amenities
walking trail
lake view
Building Details
Year Built
2013
Listing Agency:
REKonnection, LLC
(972) 914-0989
Listed By:
Melissa Wilkins · License #0798250
(317) 919-4838
Source:
Searsrealty
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 8:44AM
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 REKonnection, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 343-square-foot office unit occupies an end position on the second floor of a parking garage. Interior features include commercial carpet, gray-painted walls, recessed lighting, tall ceilings, and a window facing the town center. Key-fob access is provided for the shared entry and bathrooms.
The surrounding area includes residential, restaurant, and commercial spaces, along with a walking trail and lake views. The property was built in 2013.
The surrounding area includes residential, restaurant, and commercial spaces, along with a walking trail and lake views. The property was built in 2013.
Key Highlights
- 343‑square‑foot office unit
- End position on the second floor of a parking garage
- Window faces the town center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,406
Suggested Prices Based on Cap Rates
Cap Rate 5%
$88,120
$88.1K
Cap Rate 7%
$62,943
$62.9K
Cap Rate 9%
$48,956
$49.0K
Market Conditions
NOI Build-Up for 343 SF
Gross rent
$7.5K $21.96/SF
− Vacancy
−$1.7K −$4.83/SF
EGI
$5.9K $17.13/SF
− OpEx
−$1.5K −$4.28/SF
NOI
$4.4K $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 Rate 5%
$88,120
Cap Rate 7%
$62,943
Cap Rate 9%
$48,956
Alternative Uses
Best Use
Office B
$62.9K
$55.1K – $73.4K
NOI $4,406 @ 7.0% cap · market cap 428.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$96.4K
$84.4K – $112.5K
NOI $6,750 @ 7.0% cap · market cap 655.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
996
Businesses Nearby
Explore this area
Business Placement
Demographics for 75072, TX
55,538
Population
18,618
Households
3
Avg Household Size
38
Median Age
62%
College-Educated
98%
High-School Grad
12.1 sq mi
ZIP Area
4,590
Density / Sq Mi
$155,294
Median Household Income
$74,341
Median Earnings
$2,317
Median Rent
$472,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A private office suite pairs controlled access with a window overlooking the surrounding town center.
Where is this office unit located?
The property is located at 6675 Mediterranean Drive #202 McKinney, TX.
What are key features of this property?
This property features: 343‑square‑foot office unit; End position on the second floor of a parking garage; Window faces the town center
