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Property profile & analytics
OFF-MARKET
Estimated value
$6,380,000
Office buildings
4201 Medical Ctr Dr Mckinney, TX 75069-1766
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US83-3736455
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
55,700 SF
Lot
4.48 ac (195,105 SF)
APN
R-8585-00A-0010-1
UPID
US83-3736455
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
-
Medical City Senior Health Clinic McKinney Geriatric Care Provider
-
Cardiac Center of Texas Physician
-
Princeton Medical Associates Medical Clinic
-
North Dallas Research Associates Research Foundation
-
Ambreen Ashfaque, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.77M
Blend (final)
Blend
$6.38M
Owner & transaction history
Mckinney Urban Village LP · 6 yrs held
Mckinney Urban Village LP
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.9M
+40.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,905,000
Current use
COMMERCIAL (GENERAL)
$6,880,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$6.38M
Range $5.74M – $7.02M · ±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
$115 / 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
$213,208
Tax year 2022
Assessed value
$12,769,973
Assessed 2023
Previous assessed
$10,638,875
+20.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$2,633,921
Assessed improvement
$10,136,052
Land market value
$2,633,921
Improvement market value
$10,136,052
Total market value
$12,769,973
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
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
55,700 SF
Lot
4.48 ac (195,105 SF)
APN
R-8585-00A-0010-1
UPID
US83-3736455
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$6.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
1
Lot
4.48 ac
Current owner
From public records · entity-resolved
Mckinney Urban Village LP
Entity
Mailing address
4201 MEDICAL CTR DR STE #400, MCKINNEY, TX 75069-1795
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2020
—
Mckinney Urban Village LP
—
Deed
related
$20,789,933 · Comerica Bk
Sep 5, 2017
—
Mckinney Mac I Ltd
—
Deed
related
$10,500,000 · Independent Bk
Feb 3, 2006
—
Mckinney Mac I Ltd
—
Trustees Deed
related
$325,811 · Stillwater Nat'l Bank & Trust
—
—
Mckinney Mac I Ltd
—
Deed Of Trust
related
$11,250,000 · Lasalle National Bank
—
—
Mckinney Urban Village LP
—
Loan Modification
related
$20,789,933 · Comerica Bk
—
—
Mckinney Mac I Ltd
—
Deed Of Trust
related
$58,737 · Northstar Bank Of Texas
—
—
Mckinney Mac I Ltd
—
Loan Modification
related
$10,500,000 · Independent Bk
—
—
Mckinney Mac I Ltd
—
Deed Of Trust
related
$10,500,000 · Northstar Bank Of Texas
—
—
Mckinney Medical Office Park L
—
Deed Of Trust
related
$4,526,676 · American Bank Of Texas
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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