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Property profile & analytics
OFF-MARKET
Estimated value
$3,435,000
Office buildings
205 Louisiana St Mckinney, TX 75069-4591
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9316090
Property summary
AI-generated overview
This exceptional mixed-use property, located at 205 W Louisiana St in the heart of Historic Downtown McKinney, Texas (75069), presents a rare investment opportunity. The 29,680 square foot building, constructed in 2019, boasts a 6.50% cap rate and a $7,000,000 asking price, translating to $235.85 per square foot. Currently 100% occupied, the property comprises a diverse tenant mix including retail, a day spa, food and beverage establishments, and office spaces, along with a shared hotel component. A significant advantage is the inclusion of a private underground parking garage, a highly desirable amenity in this vibrant downtown area. The property's prime location within McKinney, a city renowned as one of Texas' premier downtowns attracting approximately 6,000,000 visitors annually, ensures strong rental income and future appreciation potential. The Collin County location and APN R-11682-00A-0010-1 further identify this unique asset. This is a turnkey investment ready to generate immediate returns.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Total area
29,680 SF
Lot
0.35 ac (15,159 SF)
APN
R-11682-00A-0010-1
UPID
US82-9316090
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
-
Puhl Law Group, PC Law Firm Child Welfare Organization
-
Law Office Of Scott M. Ruggiero, P.C. Law Firm
-
Suzanne Wooten of North Texas Litigation Solutions Mediation Service
-
Abby Foster Law Firm
-
Edward Jones - Financial Advisor: Dick Stevens, AAMS® Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.29M
Blend (final)
Blend
$3.44M
Owner & transaction history
205 Louisiana LLC · 1 yrs held
205 Louisiana LLC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,615,000
Current use
COMMERCIAL (GENERAL)
$3,665,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$3.44M
Range $3.09M – $3.78M · ±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
$116 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$113,395
Tax year 2023
Assessed value
$6,203,120
Assessed 2024
Previous assessed
$6,350,600
-2.3% YoY
Effective rate
1.83%
On assessed value
Assessed land
$545,720
Assessed improvement
$5,657,400
Land market value
$545,720
Improvement market value
$5,657,400
Total market value
$6,203,120
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
2017
Heating
NONE
Stories
2
Total area
29,680 SF
Lot
0.35 ac (15,159 SF)
APN
R-11682-00A-0010-1
UPID
US82-9316090
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$3.7M
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
2017
Heating
NONE
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
205 Louisiana LLC
Entity
Free & Clear · 1 yrs held
Mailing address
110 E LOUISIANA ST STE #204, MCKINNEY, TX 75069-4479
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
—
205 Louisiana LLC
Dfa 205 LP
Special Warranty Deed
—
Apr 20, 2017
—
Dfa 205 LP
Thomas B Wilson SR.
Warranty Deed
$300,000 · Independent Bk
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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