Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    350 Cypress Hill Dr. McKinney, TX 75071

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New commercial development east of US 75 and west of SH 5.

    Type:Industrial
    Added:
    Oct 25, 2023
    Days on Market:
    890
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 350 Cypress Hill Dr.

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    2021

    Spaces For Lease

    at 350 Cypress Hill Dr. Contact us

    We can help!

    Listing Contact
    Dave Peterson, SIOR
    Dave Peterson, SIOR

    Listing agent Dave Peterson, SIOR License #TX 459042

    Listing office NAI Robert Lynn

    Listing date Oct 25, 2023

    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 NAI Robert Lynn

    Overview

    New Development in McKinney, Texas

    This new commercial development is located in McKinney, Texas, situated just east of US 75 and west of SH 5. The building is positioned between Bloomdale Road and Wilmeth Road.
    Location Intelligence

    Current Use by Public Records

    Billy's Concrete McKinney Construction Company NORD Gear Corporation Industrial Manufacturer

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Building Supply Gym & Fitness Center Daycare Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.6110288
    Latitude
    33.2330514

    Nearby Similar for Lease

    • Contact for pricing

      Move-in Ready Office Space

      Professional office space in Collin Ridge Office Park, McKinney, TX
      6000 Alma Drive, McKinney, TX 75070
      View Details
    • Contact for pricing

      Move-in Ready Office Space

      Professional office space with high-end finishes, ready for immediate occupancy.
      6000 Alma Drive, McKinney, TX 75070
      View Details
    • Contact for pricing

      Office Space in Craig Ranch

      Office unit for rent in the heart of McKinney.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • Contact for pricing

      Professional Office Space in McKinney

      New 1225 SF office space in desirable McKinney location.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • Contact for pricing

      Office Space in McKinney, TX

      Office space for lease in McKinney, approximately 600 SF.
      10055 Aeronca Lane, McKinney, TX 75071
      View Details
    • Contact for pricing

      Modern Office Space in McKinney

      Modern medical or office space in prime McKinney location.
      1400 Coit Road, McKinney, TX 75071
      View Details
    • Contact for pricing

      Office Unit with Balcony View

      Office space with balcony overlooking town center in McKinney.
      6675 Mediterranean Drive, McKinney, TX 75072
      View Details
    • Contact for pricing

      Updated Office Building with Parking

      Well-maintained office with modern amenities, convenient parking, and great location.
      2252 E University Drive, McKinney, TX 75069
      View Details
    • Contact for pricing

      New Office Condos For Lease

      Brand-new office condos for lease in prime McKinney location.
      3801 N Central Expressway, McKinney, TX 75071
      View Details
    • Contact for pricing

      End-Cap Office Suite For Rent

      Efficient office suite with excellent visibility and parking.
      1402 S Custer Road, McKinney, TX 75072
      View Details
    • Contact for pricing

      Premium Office Condo in McKinney

      Professionally designed office condo available for lease in McKinney, TX.
      6000 Alma Road, McKinney, TX 75070
      View Details
    • Contact for pricing

      Class A Office Suite

      Move-in ready office suite in a high-traffic McKinney location.
      1400 N Coit Road, McKinney, TX 75071
      View Details

    FAQs

    What type of property is this?
    Specialty property - New commercial development east of US 75 and west of SH 5.
    Where is this specialty property located?
    The property is located at 350 Cypress Hill Dr. McKinney, TX.
    What are key features of this property?
    This property features: New development, built in 2021; Located in McKinney, offering a prime location; East of US 75, convenient access
    We can help!
    Listing Contact
    Dave Peterson, SIOR
    Dave Peterson, SIOR
    Real Estate License ID: TX 459042
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!