Modern Office Condo in
For Sale
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8751 Collin McKinney Pkwy, McKinney, TX 75070
Well-located, newer construction office condo in a growing submarket.
Property Size4,500 SF
Price / SF$400
Days on Market148
Property Features for 8751 Collin McKinney Pkwy
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2019
Listing Agency:
EDGE Realty Partners Dallas / Fort Worth
(214) 545-6969
Listed By:
Warren Smith · License #TX 594592
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 8 at 6:44AM
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 / Fort Worth
Investment Insights
Based on property information with market context.
Located along Collin McKinney Parkway in McKinney, Texas, the property offers visibility and access to Sam Rayburn Tollway (SH-121), Dallas North Tollway, and U.S. Highway 75. It benefits from ingress and egress and is situated within a professional office park surrounded by residential and retail development. Built in 2019, the property comprises approximately 4,500 square feet within a single-story office condo building and features modern construction with finishes. The interior layout consists of approximately 20 private offices in small, mid-size, and executive configurations. A large executive suite includes a private restroom, coffee bar, and open-concept seating area. The property is suited for medical or professional office users. It is located in one of North Texas’s fastest-growing submarkets and offers immediate availability.
Key Highlights
- Newer construction (2019) with high‑quality, modern finishes.
- Prime location with strong visibility and convenient access to major highways (Sam Rayburn Tollway, Dallas North Tollway, U.S. Highway 75).
- Flexible interior layout** with approximately 20 private offices, including a large executive suite with private restroom and coffee bar.
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
$57,810
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
3.21%
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%
$1,156,200
$1.2M
Cap Rate 7%
$825,857
$825.9K
Cap Rate 9%
$642,333
$642.3K
Market Conditions
NOI Build-Up for 4,500 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
$98.8K $21.96/SF
− Vacancy
−$21.7K −$4.83/SF
EGI
$77.1K $17.13/SF
− OpEx
−$19.3K −$4.28/SF
NOI
$57.8K $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 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%
$1,156,200
Cap Rate 7%
$825,857
Cap Rate 9%
$642,333
Alternative Uses
Best Use
Office B
$825.9K
$722.6K – $963.5K
NOI $57,810 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,560 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
708
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 - Well-located, newer construction office condo in a growing submarket.
Where is this office units located?
The property is located at 8751 Collin McKinney Pkwy McKinney, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Newer construction (2019) with **high‑quality, modern finishes.**; Prime location with **strong visibility** and convenient access to major highways (Sam Rayburn Tollway, Dallas North Tollway, U.S. Highway 75).; Flexible interior layout** with approximately 20 private offices, including a large executive suite with private restroom and coffee bar.
