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    OFF-MARKET
    Office Spaces

    1511 Mcdermott Dr Unit, Allen, TX 75013

    1,381 SF 1.14 ac lot Built 2023
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Year built 2023
    Total area 1,381 SF
    Lot 1.14 ac (49,658 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Allen Friends & Family Clinic Medical Clinic
    • Texas Implant & Periodontic Center Dental Office
    • Allen City Dental Dental Office
    • Bridgett Anderson-Wright Physician
    • Nu SPA Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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