Professional Office Unit Near
For Sale
$465,000
8751 Collin Mckinney Parkway, McKinney, TX 75070
Office unit suited to professional services with convenient access to SH-121 and US-75.
Property Size1,150 SF
Price / SF$404.35
Days on Market32
Property Features for 8751 Collin Mckinney Parkway
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$6,815
Amenities
3
Building Details
Year Built
2020
Listing Agency:
Coldwell Banker Apex, REALTORS
(972) 562-5400
Listed By:
Sal Lopez
Source:
Xome
Added: Aug 3
Changed: Sep 2
Last Checked: Sep 2 at 1:31PM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
This 1,150-square-foot office unit was built in 2020 and is suited to general professional office use. The layout also provides flexibility for multiple use types, supporting an owner-user seeking a workplace in the McKinney area.
Access to SH-121 and US-75 connects the property with McKinney, Frisco, Allen, and surrounding communities. The nearby business base includes 239 businesses within 3 minutes, 669 within 5 minutes, and 5,228 within 10 minutes. White-collar employment represents 80.8% within 3 minutes, 82.5% within 5 minutes, and 82.6% within 10 minutes, while median household income across those areas ranges from $141,378 to $160,136.
Access to SH-121 and US-75 connects the property with McKinney, Frisco, Allen, and surrounding communities. The nearby business base includes 239 businesses within 3 minutes, 669 within 5 minutes, and 5,228 within 10 minutes. White-collar employment represents 80.8% within 3 minutes, 82.5% within 5 minutes, and 82.6% within 10 minutes, while median household income across those areas ranges from $141,378 to $160,136.
Key Highlights
- 1,150 SF office unit built in 2020
- Configured for general professional office use with a flexible layout
- Immediate access to SH‑121 and US‑75
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
$14,774
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
3.18%
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%
$295,480
$295.5K
Cap Rate 7%
$211,057
$211.1K
Cap Rate 9%
$164,156
$164.2K
Market Conditions
NOI Build-Up for 1,150 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
$25.3K $21.96/SF
− Vacancy
−$5.6K −$4.83/SF
EGI
$19.7K $17.13/SF
− OpEx
−$4.9K −$4.28/SF
NOI
$14.8K $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%
$295,480
Cap Rate 7%
$211,057
Cap Rate 9%
$164,156
Alternative Uses
Best Use
Office B
$211.1K
$184.7K – $246.2K
NOI $14,774 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.3K
$282.9K – $377.2K
NOI $22,632 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
887
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 - Office unit suited to professional services with convenient access to SH-121 and US-75.
Where is this office units located?
The property is located at 8751 Collin Mckinney Parkway McKinney, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 1,150 SF office unit built in 2020; Configured for general professional office use with a flexible layout; Immediate access to SH‑121 and US‑75
