Modern Office Condo with
For Sale
Contact for pricing
6850 TPC Drive #208, McKinney, TX 75070
A 2022-built office condo with modern finishes, kitchenette, and covered parking, suited for office or medical use.
Property Size2,360 SF
Price / SF$375.85
Days on Market55
Property Features for 6850 TPC Drive #208
General Information
Standard status
Active
Size
2,360 SF
Class
B
Property subtype
Office
Zoning
PD - REC
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2022
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Carey Cox Company
(214) 636-3291
Listed By:
David Cox · License #0472928
Source:
Crexi
Added: Jun 19
Changed: Aug 11
Last Checked: Aug 12 at 8:57AM
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 Carey Cox Company
Investment Insights
Based on property information with market context.
This 2,360 SF office condo, built in 2022, offers a contemporary interior with carpet and tile flooring and a kitchenette. Elevator access provides convenient building-level entry for staff and visitors. The property includes covered parking, along with a courtyard setting.
Located at 6850 TPC Drive in McKinney, the condo offers access to major regional routes including TX-121, US-75, and the Dallas North Tollway. The project is zoned PD-REC, which supports a range of professional and service-oriented uses including general office, medical/dental office, personal services, and financial institutions.
For an owner-occupant, this space supports office and medical/dental workflows, with finished flooring and in-unit kitchenette convenience. For brokers and tenants evaluating space that aligns with PD-REC permitted uses, the elevator access, covered parking, and modern build help support day-to-day operations for professional services.
Located at 6850 TPC Drive in McKinney, the condo offers access to major regional routes including TX-121, US-75, and the Dallas North Tollway. The project is zoned PD-REC, which supports a range of professional and service-oriented uses including general office, medical/dental office, personal services, and financial institutions.
For an owner-occupant, this space supports office and medical/dental workflows, with finished flooring and in-unit kitchenette convenience. For brokers and tenants evaluating space that aligns with PD-REC permitted uses, the elevator access, covered parking, and modern build help support day-to-day operations for professional services.
Key Highlights
- 2,360 SF office condo built in 2022 at 6850 TPC Drive in McKinney, TX
- Modern interior with carpet and tile flooring plus a kitchenette
- Covered parking, courtyard setting, and elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,586
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$611,720
$611.7K
Cap Rate 7%
$436,943
$436.9K
Cap Rate 9%
$339,844
$339.8K
Market Conditions
NOI Build-Up for 2,360 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.6K $24.00/SF
− Vacancy
−$5.7K −$2.40/SF
EGI
$51.0K $21.60/SF
− OpEx
−$20.4K −$8.64/SF
NOI
$30.6K $12.96/SF
Area
McKinney, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$611,720
Cap Rate 7%
$436,943
Cap Rate 9%
$339,844
Alternative Uses
Best Use
Healthcare Medical
$436.9K
$382.3K – $509.8K
NOI $30,586 @ 7.0% cap · market cap 3.45%
Second Best
Office B
$433.1K
$379.0K – $505.3K
NOI $30,318 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$663.5K
$580.6K – $774.1K
NOI $46,445 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Explore this area
Business Placement
Demographics for 75070, TX
57,712
Population
24,323
Households
2.4
Avg Household Size
34
Median Age
57%
College-Educated
98%
High-School Grad
11.3 sq mi
ZIP Area
5,107
Density / Sq Mi
$106,549
Median Household Income
$65,855
Median Earnings
$1,799
Median Rent
$429,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - A 2022-built office condo with modern finishes, kitchenette, and covered parking, suited for office or medical use.
Where is this office units located?
The property is located at 6850 TPC Drive #208 McKinney, TX.
What is the asking price?
The asking price for this property is $887,000.
What are key features of this property?
This property features: 2,360 SF office condo built in 2022 at 6850 TPC Drive in McKinney, TX; Modern interior with carpet and tile flooring plus a kitchenette; Covered parking, courtyard setting, and elevator access
