Professional Office
New
For Sale
$465,000
8751 Collin Mckinney Parkway 1304, McKinney, TX 75070
Commercially zoned office suite suited to general professional services and flexible office use.
Property Size1,150 SF
Days on Market5
Property Features for 8751 Collin Mckinney Parkway 1304
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Office
Zoning
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
1,150 SF
Year Built
2020
Stories
1
Listing Agency:
Coldwell Banker Apex, REALTORS
(214) 534-9215
Listed By:
Salvador Lopez · License #0727122,TX
(214) 534-9215
Source:
Cbcworldwide
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 12 at 3:34AM
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.
Suite 1304 is a commercially zoned office unit completed in 2020. The space is positioned for general professional office use and offers layout flexibility for multiple office-based applications, with owner-user occupancy identified as a suitable use.
Access to SH-121 and US-75 supports travel throughout McKinney, Frisco, Allen, and surrounding cities, with stated drive times of 20 to 30 minutes. The surrounding area includes 239 businesses within 3 minutes, 669 within 5 minutes, and 5,228 within 10 minutes. White-collar employment accounts for 80.8% within 3 minutes, 82.5% within 5 minutes, and 82.6% within 10 minutes, providing nearby professional-services context.
Access to SH-121 and US-75 supports travel throughout McKinney, Frisco, Allen, and surrounding cities, with stated drive times of 20 to 30 minutes. The surrounding area includes 239 businesses within 3 minutes, 669 within 5 minutes, and 5,228 within 10 minutes. White-collar employment accounts for 80.8% within 3 minutes, 82.5% within 5 minutes, and 82.6% within 10 minutes, providing nearby professional-services context.
Key Highlights
- Suite 1304 completed in 2020
- Commercial zoning supports office use
- Layout offers flexibility for multiple professional office applications
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
Lease Details
Yes
Highway 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
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 - Commercially zoned office suite suited to general professional services and flexible office use.
Where is this office units located?
The property is located at 8751 Collin Mckinney Parkway 1304 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: Suite 1304 completed in 2020; Commercial zoning supports office use; Layout offers flexibility for multiple professional office applications
