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Property profile & analytics
FOR LEASE
Office buildings
321 N Central Expy McKinney, TX 75071
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US82-2903312
For Lease
1 / 4
$24.77 SF/Yr
321 N Central Expy, McKinney, TX 75071
View Listing →
Property summary
AI-generated overview
This exceptional office building, located at 321 N Central Expressway in McKinney, Texas, offers a variety of spaces to suit diverse business needs. The property boasts a total of 49,562 square feet spread across three floors, providing ample room for growth and expansion. The building features a striking reinforced concrete structure with a sophisticated glass and marble exterior, creating a professional and welcoming atmosphere. With a convenient location on the northwest corner of US 75 and Virginia Parkway, this property offers unparalleled accessibility and visibility. The building is equipped with two elevators for efficient vertical transportation. Multiple tenancy options are available, ranging from a minimum of 241 square feet to a maximum contiguous space of 3,187 square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
49,682 SF
Lot
4.06 ac (176,984 SF)
Zoning code
C
APN
R-1681-00A-001R-1
UPID
US82-2903312
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
-
Green Plains Renewable Energy Inc Production Facility
-
Thompson Law Injury Lawyers - McKinney Office Law Firm
-
Crape Myrtle Trails-Mc Kinney Charitable Organization Social Service Agency
-
LPL Financial Financial Advisor
-
Akmi Digital Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.28M
Owner & transaction history
321 Partners Ltd · 17 yrs held
321 Partners Ltd
since 2008
1 recorded transaction
Zoning & alternative use
C · Mckinney, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±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
$26 / 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
$116,235
Tax year 2022
Assessed value
$6,600,000
Assessed 2023
Previous assessed
$5,800,000
+13.8% YoY
Effective rate
1.76%
On assessed value
Assessed land
$2,806,266
Assessed improvement
$3,793,734
Land market value
$2,806,266
Improvement market value
$3,793,734
Total market value
$6,600,000
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
For Lease
Year built
1984
Heating
NONE
Stories
1
Total area
49,682 SF
Lot
4.06 ac (176,984 SF)
Zoning code
C
APN
R-1681-00A-001R-1
UPID
US82-2903312
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
C · Mckinney, TX
Zoning C · permitted uses
C · 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.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Lot
4.06 ac
Current owner
From public records · entity-resolved
321 Partners Ltd
Entity
Mailing address
1425 N 10TH ST, MCKINNEY, TX 75069-1833
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2008
—
321 Partners Ltd
First Bank
Grant Deed
$2,500,000 · Independent Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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