1511 Mcdermott Dr Unit, Allen, TX 75013
This exceptional 1,381 square foot office space is ideally situated in Allen, Texas's thriving Suncreek Office Village, at the corner of W McDermott Drive and Twin Creeks Drive/Suncreek Drive, a high-traffic area boasting 25,000 vehicles daily. The property is part of an upscale professional office environment, offering excellent signage opportunities for enhanced visibility and brand building. Its strategic location provides easy access to major thoroughfares like Highways 75 and 121, making it easily accessible to clients and employees throughout Allen, McKinney, Frisco, Plano, and the surrounding North Dallas market. This area is experiencing significant professional and residential growth, making this office space a prime investment opportunity. Allen itself is a highly desirable suburb with an estimated population of 110,000 and an average household income nearing $120,000. The property benefits from its proximity to a wealth of amenities, including Watters Creek, The Villages at Allen and Fairview, Allen Premium Outlets, and the Allen Event Center, offering a convenient location for both business and leisure. The surrounding area is also rich with diverse businesses, restaurants, and attractions, ensuring a vibrant and accessible environment for your business. This 1.14-acre lot provides ample space and opportunity for growth. This is a rare opportunity to establish a prominent presence in one of North Texas's most sought-after business locations.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.