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Property profile & analytics
OFF-MARKET Estimated value $505,000
Office buildings

1650 Lk Frst Dr Mckinney, TX 75071-7667

9,018 SF 1.44 ac lot Built 2013
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US82-9718605
Property summary
AI-generated overview

This exceptional 9,018 square foot medical office building is situated at 1650 N Lake Forest Dr, McKinney, TX 75071, offering a single-tenant occupancy opportunity. The property boasts 1,396 square feet of readily available space, perfect for expansion or a new practice. Conveniently located off the thriving Highway 380 corridor and Lake Forest Drive, this location benefits from exceptional visibility and accessibility. The building is situated adjacent to Baylor Scott & White Medical Center - McKinney, providing immediate proximity to a major healthcare provider and a significant patient base. The surrounding area is characterized by robust retail options, including major grocery stores (Kroger, Walmart), pharmacies (Walgreens), big-box retailers (Costco, Marshalls), entertainment venues (Cinemark), fitness centers (24 Hour Fitness), and a wide array of restaurants and services. This property is in McKinney, Texas, a rapidly growing city with a population exceeding 200,000 and a high average household income. The area's master-planned community, Stonebridge Ranch, adds to the desirability of this location. This is an excellent opportunity to establish or expand a medical practice in a thriving and highly accessible location. The property is a single-story building in Collin County, offering convenient access and ample space.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2013
Total area 9,018 SF
Lot 1.44 ac (62,726 SF)
Zoning code OFFICE
APN R-10404-00A-003R-1
UPID US82-9718605
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
  • Carrie D. Alfieri, OD Physician
  • MyEyeDr. Eye Care Center Contact Lenses Supplier
  • The Vision Center Ophthalmologist (Bike/Boat/Book/etc) Store
  • Best Brains Learning Center - McKinney North Training Center Tutoring Service
  • Alliance Bank - McKinney Loan Production Office Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
$530k
Blend (final) Blend
$505k
Owner & transaction history
Alfieri Realty Holdings 1 LLC
Alfieri Realty Holdings 1 LLC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
OFFICE · Mckinney, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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