Office Unit with Town Center
For Sale
Contact for pricing
6675 Mediterranean Drive #403, McKinney, TX 75072
A 380-square-foot workspace offers controlled entry to shared areas and restrooms.
Property Size380 SF
Price / SF$3
Days on Market17
Property Features for 6675 Mediterranean Drive #403
General Information
Standard status
Active
Size
380 SF
Property subtype
Office
Additional Details
Floor
4th 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:
Magnorumrealty
Added: Oct 19
Changed: Nov 3
Last Checked: Nov 4 at 8:31AM
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 380-square-foot office unit was built in 2013 and occupies an end position on the fourth floor of a parking garage. Interior features include tall ceilings, recessed lighting, commercial carpet, gray-painted walls, and a window facing the town center. Key-fob access is provided for the common-area entrance and restrooms.
The office is within The Harbor at Adriatica, an area with residential, restaurant, and commercial spaces. A walking trail and lake views are also part of the surrounding setting.
The office is within The Harbor at Adriatica, an area with residential, restaurant, and commercial spaces. A walking trail and lake views are also part of the surrounding setting.
Key Highlights
- 380‑square‑foot office unit
- End position on the fourth floor of a parking garage
- Window facing the town center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,882
Suggested Prices Based on Cap Rates
Cap Rate 5%
$97,640
$97.6K
Cap Rate 7%
$69,743
$69.7K
Cap Rate 9%
$54,244
$54.2K
Market Conditions
NOI Build-Up for 380 SF
Gross rent
$8.3K $21.96/SF
− Vacancy
−$1.8K −$4.83/SF
EGI
$6.5K $17.13/SF
− OpEx
−$1.6K −$4.28/SF
NOI
$4.9K $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%
$97,640
Cap Rate 7%
$69,743
Cap Rate 9%
$54,244
Alternative Uses
Best Use
Office B
$69.7K
$61.0K – $81.4K
NOI $4,882 @ 7.0% cap · market cap 428.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$106.8K
$93.5K – $124.6K
NOI $7,478 @ 7.0% cap · market cap 655.96%
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 380-square-foot workspace offers controlled entry to shared areas and restrooms.
Where is this office unit located?
The property is located at 6675 Mediterranean Drive #403 McKinney, TX.
What are key features of this property?
This property features: 380‑square‑foot office unit; End position on the fourth floor of a parking garage; Window facing the town center
