Office Condo with Private
For Sale
Contact for pricing
8751 Collin McKinney Pkwy Suite 701, McKinney, TX 75070
A 2019 single-story condominium offers a flexible layout for professional or medical office use.
Property Size4,500 SF
Price / SF$388.89
Days on Market21
Property Features for 8751 Collin McKinney Pkwy Suite 701
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
1
Office Units
1
Building Details
Year Built
2019
Stories
1
Listing Agency:
Kidder Mathew
Listed By:
John David Cobb · License #TX 443604
(903) 574-2647
Source:
Crexi
Added: Sep 17
Changed: Sep 29
Last Checked: Oct 5 at 4:11PM
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 Kidder Mathew
Investment Insights
Based on property information with market context.
This office condominium contains approximately 4,500 square feet in a single-story building completed in 2019. Its layout includes approximately 20 private offices in varied sizes, along with an executive suite featuring a private restroom, coffee bar, and open seating area. The configuration supports professional or medical office use.
The property is on Collin McKinney Parkway in McKinney, with access to Sam Rayburn Tollway (SH-121), Dallas North Tollway, and U.S. Highway 75. The office park is surrounded by residential and retail development, and the suite is immediately available.
The property is on Collin McKinney Parkway in McKinney, with access to Sam Rayburn Tollway (SH-121), Dallas North Tollway, and U.S. Highway 75. The office park is surrounded by residential and retail development, and the suite is immediately available.
Key Highlights
- Approximately 4,500 square feet in a single‑story office condominium
- Built in 2019
- Approximately 20 private offices in small, mid‑size, and executive configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,810
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
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
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 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 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,560 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A 2019 single-story condominium offers a flexible layout for professional or medical office use.
Where is this office units located?
The property is located at 8751 Collin McKinney Pkwy Suite 701 McKinney, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 4,500 square feet in a single‑story office condominium; Built in 2019; Approximately 20 private offices in small, mid‑size, and executive configurations
