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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
1801 Louisiana St Mckinney, TX 75069-7859
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US82-3471939
Property summary
AI-generated overview
This exceptional investment opportunity presents a two-story, 6,745 square foot free-standing office building situated at 1801 W Louisiana St in McKinney, Texas, 75069. Built in 1986, this Class C building sits on a 0.28-acre lot and is zoned BN, McKinney. The property is currently offered for sale at $2,200,000, translating to a price per square foot of $326.17. The building features a multi-tenant configuration with a NNN lease type. Its strategic location provides easy access to downtown McKinney, making it an attractive option for businesses seeking a prominent presence in this thriving Texas city. The property's size and layout offer flexibility for various business needs, while the established location ensures high visibility and accessibility. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing market. Serious inquiries are encouraged to explore this compelling investment prospect further. The property consists of one building with two stories.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
6,745 SF
Lot
0.29 ac (12,485 SF)
Zoning code
BN
APN
R-1317-001-0010-1
UPID
US82-3471939
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
-
Developing Solutions Corporate Office
-
electronic form solutions Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$629k
Blend (final)
Blend
$535k
Owner & transaction history
Devsol Holdings II LLC · 15 yrs held
Devsol Holdings II LLC
since 2011
3 recorded transactions
Zoning & alternative use
BN · Mckinney, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$835,000
+40.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mckinney submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mckinney submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$595,000
Current use
COMMERCIAL (GENERAL)
$835,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$79 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$23,191
Tax year 2022
Assessed value
$1,185,800
Assessed 2023
Previous assessed
$1,157,213
+2.5% YoY
Effective rate
1.96%
On assessed value
Assessed land
$222,546
Assessed improvement
$963,254
Land market value
$222,546
Improvement market value
$963,254
Total market value
$1,185,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Total area
6,745 SF
Lot
0.29 ac (12,485 SF)
Zoning code
BN
APN
R-1317-001-0010-1
UPID
US82-3471939
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
BN · Mckinney, TX
Zoning BN · permitted uses
BN · Mckinney, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mckinney. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$835,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Devsol Holdings II LLC
Entity
Mailing address
3563 COUNTY RD 406, MCKINNEY, TX 75071-4329
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2011
—
Devsol Holdings II LLC
Hmd Investments Ltd
Grant Deed
related
$720,000 · North Dallas Bank & Trust Co
—
—
Hmd Investments Ltd
—
Deed Of Trust
related
$1,238,400 · State Bank & Trust Co Dallas
—
—
Hmd Investments Ltd
—
Deed Of Trust
related
$2,647,750 · State Bank & Trust Co Dallas
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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