Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Available For Rent Title is generated by Realmo AI

    8951 Collin McKinney Pkwy, McKinney, TX 75070

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Single tenant retail space available, approximately 1,150 square feet.

    Type:Retail, Office
    Property size:
    1,150 SF
    Added:
    Mar 4, 2026
    Days on Market:
    79
    Last Refresh:
    Mar 16 at 11:27 am

    Property Features for 8951 Collin McKinney Pkwy

    General Information

    Standard status
    Active
    Size
    1,150 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2016

    Spaces For Lease

    at 8951 Collin McKinney Pkwy Contact us

    $33/Mo

    Size
    1,150 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Mukesh Parna
    Mukesh Parna

    Listing agent Mukesh Parna License #TX 0652949

    Listing office Sankalp Realty

    Listing date Mar 4, 2026

    Source Crexi

    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 Sankalp Realty

    HighLights

    • Single tenant property
    • Retail property type
    • Built in 2016
    • 1,150 SqFt

    Overview

    This property offers a single-tenant retail space available for rent. The space provides approximately 1,150 square feet of area. It is located on Collin McKinney Parkway in McKinney, Texas.
    Location Intelligence

    Current Use by Public Records

    Solware IT Technologies Corporate Office CNN IT CORP ... (Bike/Boat/Book/etc) Store Texas Regional Foot ... Physician Massage Marvel Alternative Medicine Practice Trent Wilkins - State ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.7309373
    Latitude
    33.1372069

    Nearby Similar for Lease

    • $26 SF/Yr
      2,000 SF

      Move-in Ready Office Suites

      Turn-key office suites available for lease in McKinney, Texas.
      5601 Virginia Parkway, McKinney, TX 75071
      View Details
    • $2,900/Mo

      Move-in Ready Office Space

      Professional office space in Collin Ridge Office Park, McKinney, TX.
      6000 Alma Drive, McKinney, TX 75070
      View Details
    • $3,000/Mo

      New Office Suite in McKinney

      Newly constructed 1,225 SF office suite for lease.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • $3,062/Mo
      1,225 SF

      Modern Office Space in McKinney

      Turnkey office condo in a rapidly growing commercial corridor.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • $3,100/Mo
      4,900 SF

      Move-in Ready Office Space

      Professional office space available for rent in McKinney, Texas.
      6000 Alma Drive, McKinney, TX 75070
      View Details
    • $5,501/Mo

      Furnished Office Space in McKinney

      Fully-furnished office space with amenities in McKinney, Texas.
      7300 State Highway 121, McKinney, TX 75070
      View Details
    • $2,895/Mo

      Office Space in Craig Ranch

      Office unit for rent in the heart of McKinney.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • $1,095/Mo

      Office Space in McKinney, TX

      Office space for lease in McKinney, approximately 600 SF.
      10055 Aeronca Lane, McKinney, TX 75071
      View Details
    • $2,750/Mo

      Office Suite with Private Entrance

      Office suite featuring a private entrance, reception, and ample parking.
      1402 S Custer Road, McKinney, TX 75072
      View Details
    • $789/Mo

      Office Unit with Balcony View

      Office space with balcony overlooking town center in McKinney.
      6675 Mediterranean Drive, McKinney, TX 75072
      View Details
    • $3,000/Mo

      End-Cap Office Suite For Rent

      Efficient office suite with excellent visibility and parking.
      1402 S Custer Road, McKinney, TX 75072
      View Details
    • $600/Mo

      Turnkey Office Space in McKinney

      Class B office space in high-growth North Texas corridor.
      8751 Collin Mckinney Parkway, McKinney, TX 75070
      View Details

    FAQs

    What type of property is this?
    Retail space - Single tenant retail space available, approximately 1,150 square feet.
    Where is this retail space located?
    The property is located at 8951 Collin McKinney Pkwy McKinney, TX.
    What are key features of this property?
    This property features: Single tenant property; Retail property type; Built in 2016
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mukesh Parna
    Mukesh Parna
    Real Estate License ID: TX 0652949
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8951 Collin McKinney Pkwy, McKinney, TX 75070
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!