3250 Craig Dr McKinney, TX 75070
Property profile & analytics
3250 Craig Dr, McKinney, TX 75070
- Office buildings
- 16,564 SF
- 2.55 lot acres
Property ID
US83-2911886
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.
Location Intelligence
Current Use by Public Records
- Social Security Administration / Social Security Office
Property Details for 3250 Craig Dr
- Year built
- 2005
- Lot size
- 2.55 lot acres
- Zone code
- COMM/OFF
- Property type
- Office buildings
- APN
- R-2141-00D-2R2A-1
- APU
- R214100D2R2A1
Description
This exceptional investment opportunity features a 15,544-square-foot, single-tenant office building in McKinney, Texas. The property is fully occupied by the Social Security Administration (SSA) under a 15-year lease (commencing February 2, 2021, and expiring February 1, 2036), providing a remaining lease term of approximately 11.2 years. The SSA, a tenant with an S&P AA+ rating, occupies the entire building, ensuring secure cash flow and capital preservation backed by the U.S. Federal Government. Located at 3250 Craig Dr, McKinney, TX 75070, this Class B building sits on a 2.55-acre lot, offering convenient access to I-75 and the Sam Rayburn Tollway (SH 121). Built in 2006 as a build-to-suit for the SSA, the property boasts a one-story design and includes recent upgrades such as LED lighting and the replacement of all 12 HVAC units in 2021. The lease renewal included approximately $575,000 in tenant improvements and building systems alterations and commissioning (TI/BSAC) improvements. The property's design incorporates Level II designated security requirements specified by the SSA. The property generates a Net Operating Income (NOI) of $369,968. This investment benefits from the property's location in an income tax-free state and the potential for attractive financing options.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $615,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,039,000
Market price range: $436k - $1.42M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,010,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mckinney
- County
- Collin
- State
- Texas
- Longitude
- -96.6455
- Latitude
- 33.1677
- 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
$74,302
$1,222,337
$2,790,363
$4,012,700
-
$1,222,337
$2,790,363
$4,012,700
