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    Property profile & analytics

    321 Central Expy McKinney, TX 75070

    • Office buildings
    • 49,682 SF
    • 4.06 lot acres
    For Lease
    View listing
    Value Estimations
    $1,275,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2903312
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by 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

    Property Details for 321 Central Expy

    Year built
    1984
    Lot size
    4.06 lot acres
    Property size
    49,682 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    R-1681-00A-001R-1
    APU
    R168100A001R1

    Description

    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

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $840,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,710,000
      Market price range: $1.31M - $4.27M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mckinney
    County
    Collin
    State
    Texas
    Longitude
    -96.6402
    Latitude
    33.1999
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $116,235
    $2,806,266
    $3,793,734
    $6,600,000
    -
    $2,806,266
    $3,793,734
    $6,600,000

    Comparable in this City

    • Value Estimation
      $565,000
      7,040 SF

      5000 Eldorado Pkwy

      OFFICE BUILDING • 7,040 SF
      5000 Eldorado Pkwy, Mckinney, TX 75070-5466
      View Details
    • Value Estimation by Request
      4,296 SF

      4200 Lk Frst Dr

      OFFICE BUILDING • 4,296 SF
      4200 Lk Frst Dr, Mckinney, TX 75070-7346
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    • Value Estimation by Request
      15,320 SF

      3101 Custer Rd

      OFFICE BUILDING • 15,320 SF
      3101 Custer Rd, Mckinney, TX 75070-6647
      View Details
    • Value Estimation by Request
      8,280 SF

      6633 Eldorado Pkwy

      OFFICE BUILDING • 8,280 SF
      6633 Eldorado Pkwy, Mckinney, TX 75070-6184
      View Details
    • Value Estimation by Request
      4,625 SF

      6651 Eldorado Pkwy

      OFFICE BUILDING • 4,625 SF
      6651 Eldorado Pkwy, Mckinney, TX 75070-5633
      View Details
    • Value Estimation by Request
      5,481 SF

      4630 Eldorado Pkwy

      OFFICE BUILDING • 5,481 SF
      4630 Eldorado Pkwy, Mckinney, TX 75070-4434
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,000 SF

      New Construction Office Building

      Four-story office building with cross-access parking, available November 2025.
      851 N Central Expy, McKinney, TX 75070
      View Details
    • Contact for pricing
      8,130 SF

      McKinney Office Building For Sale

      8,130 SF office building in McKinney, Texas.
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      View Details
    • $849,999
      1.95 Acres

      Turnkey McKinney Office Opportunity

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      15,544 SF

      McKinney Office Investment Opportunity

      15,544 SF, Single-Tenant, Secure Lease
      3250 Craig Dr, McKinney, TX 75070
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    • $400,000
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      Move-in Ready Office in McKinney

      Professional office space in Stonebridge Ranch, McKinney, Texas.
      3900 S Stonebridge Dr, McKinney, TX 75070
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      New McKinney Office Space

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    Similar Nearby for Lease

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      Office Space in Craig Ranch

      New office spaces for lease in McKinney, Texas.
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    • $26 SF/Yr
      87,120 SF

      Medical/Professional Office Space Available

      Single-story medical/professional office building with wooded creek views.
      3101 S Custer Rd, McKinney, TX 75070
      View Details
    • Contact for pricing
      3,789 SF

      Class A Office Space Available

      Move-in ready office suites for lease in McKinney, Texas.
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      View Details
    • Contact for pricing
      20,000 SF

      Office Building Near Sam Rayburn

      Office building featuring an offset core and covered walkway.
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      View Details
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      Move-in Ready Office Space

      Professional office space in Collin Ridge Office Park, McKinney, TX.
      6000 Alma Dr, McKinney, TX 75070
      View Details
    • $22 SF/Yr
      14,500 SF

      McKinney Executive Office Suites

      Prestigious McKinney Office Space, Flexible Terms
      2150 Central Expy, McKinney, TX 75070
      View Details
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    321 Central Expy
    McKinney, TX 75070
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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