Medical Office with Conference
For Sale
Contact for pricing
7300 Eldorado Pkwy, McKinney, TX 75072
Medical office building offering multiple specialties and two onsite conference centers for tenant use.
Property Size1,197 SF
Price / SF$400
Days on Market842
Property Features for 7300 Eldorado Pkwy
General Information
Standard status
Active
Size
1,197 SF
Property subtype
OFFICE
Amenities
conference center
Listing Agency:
Appian Commercial Realty
(972) 562-9988
Listed By:
Preston Taylor · License #734185
Source:
Moodyscre
Added: Jun 24, 2024
Changed: Oct 8
Last Checked: Oct 12 at 6:59PM
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 Appian Commercial Realty
Investment Insights
Based on property information with market context.
This medical office building is located within the Stonebridge Ranch master-planned development and offers a broad range of onsite specialties. Reported specialties include Family Medicine, Orthopedics, Physical Medicine and Physical Therapy & Rehabilitation, Gastroenterology, Cardiology, General Surgery, Neuropsychology, Dermatology, Allergy/Ear/Nose/Throat, Ophthalmology, Neurology, Psychiatry, Electrophysiology, and Nephrology. The building also includes two onsite conference centers available for tenant use.
The property sits on the northeast corner of Eldorado Parkway and Alma Rd in McKinney, TX. The remarks state it is centrally located between multiple hospitals, including Methodist, Medical City, Baylor Scott & White, and Texas Health Presbyterian.
As presented, the asset is a dedicated healthcare facility with onsite specialty mix and tenant-accessible meeting space.
The property sits on the northeast corner of Eldorado Parkway and Alma Rd in McKinney, TX. The remarks state it is centrally located between multiple hospitals, including Methodist, Medical City, Baylor Scott & White, and Texas Health Presbyterian.
As presented, the asset is a dedicated healthcare facility with onsite specialty mix and tenant-accessible meeting space.
Key Highlights
- Medical office building in the Stonebridge Ranch master‑planned development
- Located on the NE corner of Eldorado Parkway and Alma Rd in McKinney, TX
- Centrally located between Methodist, Medical City, Baylor Scott & White, and Texas Health Presbyterian hospitals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,513
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,260
$310.3K
Cap Rate 7%
$221,614
$221.6K
Cap Rate 9%
$172,367
$172.4K
Market Conditions
NOI Build-Up for 1,197 SF
Gross rent
$28.7K $24.00/SF
− Vacancy
−$2.9K −$2.40/SF
EGI
$25.9K $21.60/SF
− OpEx
−$10.3K −$8.64/SF
NOI
$15.5K $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 Rate 5%
$310,260
Cap Rate 7%
$221,614
Cap Rate 9%
$172,367
Alternative Uses
Best Use
Healthcare Medical
$221.6K
$193.9K – $258.6K
NOI $15,513 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.5K
$294.5K – $392.6K
NOI $23,557 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
573
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
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Frequently Asked Questions
What type of property is this?
Medical center - Medical office building offering multiple specialties and two onsite conference centers for tenant use.
Where is this medical center located?
The property is located at 7300 Eldorado Pkwy McKinney, TX.
What is the asking price?
The asking price for this property is $478,800.
What are key features of this property?
This property features: Medical office building in the Stonebridge Ranch master‑planned development; Located on the NE corner of Eldorado Parkway and Alma Rd in McKinney, TX; Centrally located between Methodist, Medical City, Baylor Scott & White, and Texas Health Presbyterian hospitals
