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Property profile & analytics
FOR SALE
Commercial real estate

1511 Mcdermott Dr Allen, TX 75013

1,381 SF 1.14 ac lot Built 2020
Individually Owned 3-yr Hold Free & Clear
Property ID
US83-0911950
Property summary
AI-generated overview

This exceptional 1,381-square-foot office space is situated on a corner lot at the intersection of W McDermott Dr and Twin Creeks Dr/Suncreek Dr in Allen, Texas, a highly desirable location experiencing 25,000 vehicles daily. Part of the upscale Suncreek Office Village, this brand-new, single-tenant office offers a professional environment with available signage for enhanced visibility and client attraction. Its strategic location provides easy access to major thoroughfares including HWY 75, HWY 121, and the President George Bush Turnpike, making it ideal for serving Allen, McKinney, Frisco, Plano, and surrounding areas. This property benefits from Allen's strong demographics, boasting an estimated population of 110,000 and an average household income near $120,000. The property is minutes away from numerous amenities, including Watters Creek, The Villages at Allen & Fairview, Allen Premium Outlets, and the Allen Event Center, ensuring convenience for both clients and employees. This is a rare opportunity to establish a presence in one of Texas's best suburbs. The property is classified as Traditional Office, Medical Office, and Executive Office space, offering versatility for various professional uses. The zip code is 75013.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 2020
Total area 1,381 SF
Lot 1.14 ac (49,702 SF)
APN R-9001-002-2100-1
UPID US83-0911950
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Venkata Ravi Prakash Kiriti Vutukuri · 3 yrs held
Venkata Ravi Prakash Kiriti Vutukuri
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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