Office Unit with Town Center
New
For Sale
Contact for pricing
6675 Mediterranean Drive #506, McKinney, TX 75072
A 241-square-foot workspace features tall ceilings, recessed lighting, and access to shared bathrooms through a common-area entry.
Property Size241 SF
Price / SF$3
Days on Market7
Property Features for 6675 Mediterranean Drive #506
General Information
Standard status
Active
Size
241 SF
Property subtype
Office
Additional Details
Floor
5
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:
Momentusrealestategroup
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 3 at 8:28AM
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 REKonnection, LLC
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Investment Insights
Based on property information with market context.
Positioned on the fifth floor at the end of a parking garage, this 241-square-foot office unit has a window overlooking the town center. Interior features include commercial carpet, gray-painted walls, tall ceilings, and recessed lighting. A key fob provides entry through the common-area door and access to the bathrooms.
The unit is part of The Harbor at Adriatica, where residential, restaurant, and commercial spaces are located in the surrounding area. A walking trail and lake views are also available beyond the office.
The unit is part of The Harbor at Adriatica, where residential, restaurant, and commercial spaces are located in the surrounding area. A walking trail and lake views are also available beyond the office.
Key Highlights
- 241‑square‑foot office unit
- Fifth‑floor position at the end of a parking garage
- Window overlooking the town center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,096
Suggested Prices Based on Cap Rates
Cap Rate 5%
$61,920
$61.9K
Cap Rate 7%
$44,229
$44.2K
Cap Rate 9%
$34,400
$34.4K
Market Conditions
NOI Build-Up for 241 SF
Gross rent
$5.3K $21.96/SF
− Vacancy
−$1.2K −$4.83/SF
EGI
$4.1K $17.13/SF
− OpEx
−$1.0K −$4.28/SF
NOI
$3.1K $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%
$61,920
Cap Rate 7%
$44,229
Cap Rate 9%
$34,400
Alternative Uses
Best Use
Office B
$44.2K
$38.7K – $51.6K
NOI $3,096 @ 7.0% cap · market cap 428.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$67.8K
$59.3K – $79.1K
NOI $4,743 @ 7.0% cap · market cap 656.02%
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 241-square-foot workspace features tall ceilings, recessed lighting, and access to shared bathrooms through a common-area entry.
Where is this office unit located?
The property is located at 6675 Mediterranean Drive #506 McKinney, TX.
What are key features of this property?
This property features: 241‑square‑foot office unit; Fifth‑floor position at the end of a parking garage; Window overlooking the town center
