Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Downtown McKinney Title is generated by Realmo AI

    702 S McDonald St, McKinney, TX

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available in a rapidly growing area.

    Type:RETAIL
    Property size:
    2,300 SF
    Lot size:
    0.56 Acres
    Added:
    Mar 24, 2025
    Days on Market:
    439
    Last Refresh:
    May 20 at 8:47 pm

    Property Features for 702 S McDonald St

    General Information

    Standard status
    Active
    Size
    2,300 SF
    Lot size
    0.56 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 702 S McDonald St Contact us

    We can help!

    Listing Contact
    Andrew Shaw
    Andrew Shaw

    Listing agent Andrew Shaw

    Listing office Edge Realty Partners | Dallas

    Listing date Mar 24, 2025

    Source Moodyscre

    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 Edge Realty Partners | Dallas

    HighLights

    • Located 1/4 mile South of Downtown McKinney
    • New construction building
    • High traffic counts on Hwy 5
    • Rapidly growing area

    Overview

    This retail space is located approximately 1/4 mile south of Downtown McKinney. The new construction building benefits from high traffic counts on Highway 5 in a rapidly growing area. The property offers a total area of 2300 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dudley Inc Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.6135
    Latitude
    33.1909

    Nearby Similar for Lease

    • $2,700/Mo

      Office Suite with Private Entrance

      Single-story end suite with private entrance, reception, multiple offices, meeting flex space, ADA restroom, and ample parking.
      1402 S Custer Road, McKinney, TX 75072
      View Details
    • $10,000/Mo

      Church Building with Educational Space

      Spacious worship and classroom facility with gymnasium and commercial kitchen, ideal for weekend religious use.
      2705 Virginia Parkway, McKinney, TX 75071
      View Details
    • $3,000/Mo

      Office Condo Suite with Private Offices

      Newly built office suite with reception, break area, modern motion-sensor lighting, and ample on-site parking.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • $600/Mo

      Turnkey Class B Office Suite

      Fully finished suite with reception, private offices, kitchen area, and private restroom in a professional office park.
      8751 Collin Mckinney Parkway, McKinney, TX 75070
      View Details
    • $1,451/Mo

      Fully Furnished Private Office

      Move in ready office suites with receptionist support, utilities, parking, and shared conference access.
      7300 State Highway 121, McKinney, TX 75070
      View Details
    • $6,501/Mo

      Fully Furnished Private Office Space

      Move-in ready offices with receptionist support, printing, utilities, janitorial, and conference room access for flexible work teams.
      7300 State Highway 121, McKinney, TX 75070
      View Details
    • $3,000/Mo

      Corner Office Suite with Private Entrance

      Bright corner unit with private entrance, reception, private offices, and HOA-covered exterior maintenance for easier occupancy.
      8751 Collin Mckinney Parkway, McKinney, TX 75070
      View Details
    • $789/Mo

      Third-Floor Private Office Suite

      End-of-3rd-floor office suite with window, balcony, and access key fob to shared common areas and restrooms.
      6675 Mediterranean Drive, McKinney, TX 75072
      View Details
    • $4,495/Mo
      1,848 SF

      Renovated Church Building for Lease

      Well-maintained, recently renovated facility with high ceilings, natural light, and ample on-site parking for community use.
      651 W New hope, McKinney, TX 75071
      View Details
    • $3,062/Mo

      Turnkey Office Condominium Suite

      Built-out office condo with reception, four private offices, kitchen, and private restroom for professional services.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • $2,895/Mo

      Turnkey Office Suite Near Entrance

      Modern office layout offers multiple offices, reception, and a kitchen, with convenient access for day-to-day operations.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • $1,095/Mo

      Front Office Suite with Restroom

      Small front-of-building office suite with two offices and a restroom, offering flexibility for furniture on site.
      10055 Aeronca Lane, McKinney, TX 75071
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a rapidly growing area.
    Where is this retail space located?
    The property is located at 702 S McDonald St McKinney, TX.
    What are key features of this property?
    This property features: Located 1/4 mile South of Downtown McKinney; New construction building; High traffic counts on Hwy 5
    (214) 708-2797 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Shaw
    Andrew Shaw
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    702 S McDonald St, McKinney, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!