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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Commercial real estate
3705 University Dr Mckinney, TX 75071-3071
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-9560491
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2020
Total area
8,083 SF
Lot
1.51 ac (65,776 SF)
Zoning code
BG
APN
R-11896-00A-0040-1
UPID
US82-9560491
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
-
Switalski Eye Care Lasik Surgeon Optometrist
-
Parry's Pizzeria & Taphouse Restaurant
-
Visionworks Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.62M
Owner & transaction history
Boom World LLC · 5 yrs held
Boom World LLC
since 2021
2 recorded transactions
Zoning & alternative use
BG · Mckinney, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
b. Lots zoned BN - Neighborhood Business or BG - General Business Zoning Districts Pursuant to §203G.1, Design Exception, the following zoning district requirements may be eligible for a Design Exception: I. Residential Adjacency: Residential adjacency setbacks may be reduced to a setback that is no less than the associated standard building setback of the b…
Zone name
General Business
General category
COMMERCIAL
Zone area
417.62 ac
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%
$2,000,000
6.5%
$1,845,000
7%
$1,715,000
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±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
$200 / 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
$90,783
Tax year 2022
Assessed value
$5,111,582
Assessed 2023
Previous assessed
$4,530,000
+12.8% YoY
Effective rate
1.78%
On assessed value
Assessed land
$1,677,278
Assessed improvement
$3,434,304
Land market value
$1,677,278
Improvement market value
$3,434,304
Total market value
$5,111,582
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2020
Heating
NONE
Stories
1
Total area
8,083 SF
Lot
1.51 ac (65,776 SF)
Zoning code
BG
APN
R-11896-00A-0040-1
UPID
US82-9560491
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
BG · Mckinney, TXZoning BG · permitted uses
BG · Mckinney, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
b. Lots zoned BN - Neighborhood Business or BG - General Business Zoning Districts Pursuant to §203G.1, Design Exception, the following zoning district requirements may be eligible for a Design Exception: I. Residential Adjacency: Residential adjacency setbacks may be reduced to a setback that is no less than the associated standard building setback of the base zoning district. For mixed-use residential and multi-family residential uses with a building height that exceeds 35 feet tall are not able to apply for this design exception.
Zone name
General Business
General category
COMMERCIAL
Zone area
417.62 ac
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Boom World LLC
Entity
Mailing address
2560 ROYAL LN STE #204, DALLAS, TX 75229-3494
Ownership since
2021
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
Jul 9, 2021
—
Boom World LLC
Mckiinjney Sh I Ltd
Venders Lien
$170,000 · Shinhan Bank America
Oct 29, 2020
—
Mckinney Sh I Ltd
—
Deed
related
$2,514,298 · Centennial 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.
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