Office Unit with Town Center
For Sale
Contact for pricing
6675 Mediterranean Drive #305, McKinney, TX 75072
A private office with controlled access, recessed lighting, and a window facing the town center.
Property Size289 SF
Price / SF$3
Days on Market17
Property Features for 6675 Mediterranean Drive #305
General Information
Standard status
Active
Size
289 SF
Property subtype
Office
Additional Details
Floor
3
Property Use
Office
Building Details
Year Built
2013
Listing Agency:
REKonnection, LLC
(972) 914-0989
Listed By:
Melissa Wilkins · License #0798250
(317) 919-4838
Source:
Magnorumrealty
Added: Oct 19
Changed: Nov 3
Last Checked: Nov 3 at 8:22AM
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 289-square-foot office unit occupies an end position on the third floor of a parking garage at The Harbor at Adriatica. The interior has commercial carpet, gray-painted walls, tall ceilings, recessed lighting, and a window with a town center outlook. The building was constructed in 2013.
Key-fob access is provided for the shared entrance and restrooms. The surrounding development includes residential, restaurant, and commercial spaces, as well as a walking trail and lake views.
Key-fob access is provided for the shared entrance and restrooms. The surrounding development includes residential, restaurant, and commercial spaces, as well as a walking trail and lake views.
Key Highlights
- 289‑square‑foot office unit on the third floor of a parking garage
- End‑position unit with a window overlooking the town center
- Tall ceilings, commercial carpet, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,713
Suggested Prices Based on Cap Rates
Cap Rate 5%
$74,260
$74.3K
Cap Rate 7%
$53,043
$53.0K
Cap Rate 9%
$41,256
$41.3K
Market Conditions
NOI Build-Up for 289 SF
Gross rent
$6.3K $21.96/SF
− Vacancy
−$1.4K −$4.83/SF
EGI
$5.0K $17.13/SF
− OpEx
−$1.2K −$4.28/SF
NOI
$3.7K $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 Rate 5%
$74,260
Cap Rate 7%
$53,043
Cap Rate 9%
$41,256
Alternative Uses
Best Use
Office B
$53.0K
$46.4K – $61.9K
NOI $3,713 @ 7.0% cap · market cap 428.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$81.3K
$71.1K – $94.8K
NOI $5,688 @ 7.0% cap · market cap 656.06%
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 with controlled access, recessed lighting, and a window facing the town center.
Where is this office unit located?
The property is located at 6675 Mediterranean Drive #305 McKinney, TX.
What are key features of this property?
This property features: 289‑square‑foot office unit on the third floor of a parking garage; End‑position unit with a window overlooking the town center; Tall ceilings, commercial carpet, and recessed lighting
