Technical
Financial
Distress signals
Property profile

321 N Central Expy McKinney, TX 75071

FOR LEASE
Office buildings
Property ID
US82-2903312
49,682 SF 4.06 ac lot Built 1984
Entity Owned 17-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Production Facility
  • Law Firm
  • Charitable Organization Social Service Agency
  • Financial Advisor
  • Corporate Office

Location

321 N Central Expy McKinney, TX 75071
McKinney metro Census 30609 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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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

since 2008
1 recorded transaction
2008
Price N/A

Zoning & alternative use

C · Mckinney, TX
Zoning description

-2: Current and Prior Zoning District Correspondence Prior Zoning Districts Corresponding District Standards and Use Regulations C2 - Local Commercial BG - General Business C2 - Local Commercial C3 - Regional Commercial…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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