Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Virginia Pkwy McKinney, TX 75071

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Virginia Pkwy McKinney, TX 75071

    View on Map
    • Land
    • 4.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Virginia Pkwy

    Lot size
    4.90 lot acres
    Property type
    Land

    Description

    This exceptional commercial land opportunity presents a rare chance to establish a presence in the thriving McKinney, Texas market. Located at Virginia Pkwy, 75071, this 4.9-acre site offers up to ±19,000 square feet of junior anchor space within a vibrant shopping center. The center boasts strong anchors including Sprouts and LA Fitness, ensuring high foot traffic and visibility. Its strategic location directly across from a Home Depot-anchored center at Custer Virginia Marketplace further enhances its appeal. The property benefits from excellent accessibility and visibility, featuring a signalized intersection and multiple points of ingress and egress, ensuring convenient access for customers and employees. This is an ideal location for businesses seeking high-traffic exposure in a rapidly growing area of Collin County. The property's size and location make it suitable for a variety of commercial uses, providing a significant advantage in a competitive market. Don't miss this opportunity to secure a prime location in one of Texas's most dynamic retail corridors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.7038
    Latitude
    33.2002

    Comparable in this City

    • Value Estimation by Request
      14.00 Acres

      6273 Bloomdale Rd

      Land • 14.00 Acres
      6273 Bloomdale Rd, Prosper, TX 75071
      View Details
    • Value Estimation by Request
      26,003 SF

      306 Kentucky St

      Land • 26,003 SF
      306 Kentucky St, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      4.00 Acres

      500 New Hope Rd

      Land • 4.00 Acres
      500 New Hope Rd, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      1.48 Acres

      2207 University Dr

      Land • 1.48 Acres
      2207 University Dr, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      4.00 Acres

      4111 Fm 1461

      Land • 4.00 Acres
      4111 Fm 1461, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      30.27 Acres

      3550 Custer Rd

      Farms • 1,318,570 SF
      3550 Custer Rd, McKinney, TX 75071
      View Details

    Similar Nearby for Sale

    • $1,999,999
      9.37 Acres

      9.37 Acres in McKinney ETJ

      9.37-acre parcel suitable for investment or development in McKinney, TX.
      6141 County Road 168, McKinney, TX 75071
      View Details
    • Contact for pricing

      Land in Melissa ISD

      Land suitable for development, estate, or farm/ranch operation.
      5565 County Road 469, McKinney, TX 75071
      View Details
    • $304,000

      Land For Sale McKinney, TX

      Land available in Collin County, McKinney, Texas.
      48 Lake Shore Dr, McKinney, TX 75071
      View Details
    • $2,286,900

      Land at Virginia and Independence

      Land available at Virginia Parkway and Independence Parkway intersection.
      10021 Virginia Pkwy, McKinney, TX 75071
      View Details
    • Contact for pricing

      7 Acres in McKinney ETJ

      7 acres in McKinney ETJ, Frontier Pkwy frontage.
      5959 Franklin Branch Rd, McKinney, TX 75071
      View Details
    • Contact for pricing

      Land For Sale McKinney, TX

      Land available for purchase in McKinney, Texas.
      4228 County Road 408, McKinney, TX 75071
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10 SF

      Prime Land in McKinney, Texas

      Land available in booming McKinney market with logistical efficiency.
      Tbd, McKinney, TX 75071
      View Details
    • Contact for pricing

      Land in McKinney ETJ

      Land for lease in McKinney ETJ, close to US HWY 380.
      3250 County Road 405, McKinney, TX 75071
      View Details
    • Contact for pricing

      Wilmeth Road Prime Commercial Land

      McKinney, TX: 1.83 Acres, Single Tenant
      0 Swq Of Wilmeth Rd & Hardin Blvd, McKinney, TX 75071
      View Details
    • Contact for pricing

      Prime Pad Site Opportunity

      Land available adjacent to West Grove mixed-use project.
      8301 W University Dr, McKinney, TX 75071
      View Details
    • Contact for pricing

      Land Near US HWY 380

      Land for rent within McKinney ETJ, close to US HWY 380.
      3250 County Road 405, McKinney, TX 75071
      View Details
    • Contact for pricing

      Retail Destination in McKinney, Texas

      Premier retail destination in McKinney, Texas, anchored by Kroger Marketplace.
      Fm 2478, McKinney, TX 75071
      View Details
    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.
    Virginia Pkwy
    McKinney, TX 75071
    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!