Medical Office in Stonebridge
For Sale
Contact for pricing
7300 Eldorado Pkwy, McKinney, TX 75072
Located in McKinney, near major hospitals and high-income area.
Property Size1,197 SF
Price / SF$400
Days on Market895
Property Features for 7300 Eldorado Pkwy
General Information
Standard status
Active
Size
1,197 SF
Class
B
Property subtype
Office
Building Details
Year Built
2016
Buildings
1
Stories
2
Listing Agency:
Appian Commercial Realty
Listed By:
PRESTON TAYLOR · License #TX 734185
(972) 562-9988
Source:
Crexi
Added: Mar 27, 2024
Changed: Sep 5
Last Checked: Sep 7 at 10:47AM
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 Appian Commercial Realty
Investment Insights
Based on property information with market context.
Located in the Stonebridge Ranch master-planned development at the northeast corner of Eldorado Parkway and Alma Road in McKinney, Texas, this property benefits from its location in one of the fastest-growing cities in the U.S., with an estimated population of 206,000 and an average household income of $134,813. The building is centrally located between multiple hospitals, including Methodist, Medical City, Baylor Scott & White, and Texas Health Presbyterian. Onsite specialties include Family Medicine, Orthopedics, Physical Medicine, Physical Therapy & Rehabilitation, Gastroenterology, Cardiology, General Surgery, Neuropsychology, Dermatology, Allergy/Ear/Nose/Throat, Ophthalmology, Neurology, Psychiatry, Electrophysiology, and Nephrology. The building also includes two onsite conference centers for tenant use. The property size is 1197 square feet.
Key Highlights
- Located in the master‑planned Stonebridge Ranch development.
- Centrally located between multiple hospitals.
- Located in McKinney, TX, one of the fastest‑growing cities in the U.S.
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
$15,513
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
3.24%
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%
$310,260
$310.3K
Cap Rate 7%
$221,614
$221.6K
Cap Rate 9%
$172,367
$172.4K
Market Conditions
NOI Build-Up for 1,197 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
$28.7K $24.00/SF
− Vacancy
−$2.9K −$2.40/SF
EGI
$25.9K $21.60/SF
− OpEx
−$10.3K −$8.64/SF
NOI
$15.5K $12.96/SF
Area
McKinney, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$310,260
Cap Rate 7%
$221,614
Cap Rate 9%
$172,367
Alternative Uses
Best Use
Healthcare Medical
$221.6K
$193.9K – $258.6K
NOI $15,513 @ 7.0% cap · market cap 3.24%
Second Best
Office B
$219.7K
$192.2K – $256.3K
NOI $15,377 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$336.5K
$294.5K – $392.6K
NOI $23,557 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75072, TX
55,538
Population
18,618
Households
3
Avg Household Size
38
Median Age
62%
College-Educated
98%
High-School Grad
12.1 sq mi
ZIP Area
4,590
Density / Sq Mi
$155,294
Median Household Income
$74,341
Median Earnings
$2,317
Median Rent
$472,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Animal Care Center — 2651 S Stonebridge Dr, McKinney, TX 75072
Frequently Asked Questions
What type of property is this?
Medical Office Space - Located in McKinney, near major hospitals and high-income area.
Where is this medical office space located?
The property is located at 7300 Eldorado Pkwy McKinney, TX.
What is the asking price?
The asking price for this property is $478,800.
What are key features of this property?
This property features: Located in the master‑planned Stonebridge Ranch development.; Centrally located between multiple hospitals.; Located in McKinney, TX, one of the fastest‑growing cities in the U.S.
