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    4701 W University Dr McKinney, TX 75071

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    4701 W University Dr McKinney, TX 75071

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    • Office buildings
    • 2,000 SF
    • 2.21 lot acres
    For Sale
    $2,150,000
    View Listing →
    2.2 Acres on Highway 380 For Sale
    $2,150,000
    2.20 Acres

    2.2 Acres on Highway 380

    2.2 buildable acres with frontage on Highway 380.

    4701 W University Dr, Mckinney, TX
    View Listing
    Property ID
    US82-0504388
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 380 West Animal Hospital / Veterinary Clinic

    Property Details for 4701 W University Dr

    Year built
    1978
    Lot size
    2.21 lot acres
    Property size
    2,000 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    R-1233-001-0020-1
    APU
    R123300100201

    Description

    This exceptional 2.2-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of McKinney, Texas. Located at 4701 W University Dr, this property boasts a substantial 96,398 square feet of land, offering significant development potential. The asking price is $2,150,000, translating to a competitive price per square foot of $22.30. The property is zoned PD-C3 (Commercial), allowing for a wide range of commercial uses, making it ideal for businesses seeking a high-visibility location with ample space. Situated in Collin County, this strategically located land benefits from excellent access to major transportation routes and a vibrant, growing community. The address, 4701 W University Dr, McKinney, TX 75071, ensures easy identification and accessibility for potential clients and customers. This is a rare opportunity to acquire a large, commercially zoned parcel in a prime McKinney location, poised for significant future growth and return on investment. The expansive lot size provides ample room for a variety of development projects, catering to diverse business needs. Don't miss this chance to secure a piece of McKinney's burgeoning commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mckinney
    County
    Collin
    State
    Texas
    Longitude
    -96.676
    Latitude
    33.2172
    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
    $23,664
    $1,156,776
    $122,686
    $1,279,462
    -
    $1,156,776
    $122,686
    $1,279,462

    Comparable in this City

    • Value Estimation
      $7,515,000
      73,256 SF

      6601 University Dr

      OFFICE BUILDING • 73,256 SF
      6601 University Dr, Mckinney, TX 75071-4822
      View Details
    • Value Estimation
      $605,000
      11,398 SF

      2720 Virginia Pkwy

      OFFICE BUILDING • 11,398 SF
      2720 Virginia Pkwy, Mckinney, TX 75071-4916
      View Details
    • Value Estimation
      $1,900,000
      56,001 SF

      7290 Virginia Pkwy

      OFFICE BUILDING • 56,001 SF
      7290 Virginia Pkwy, Mckinney, TX 75071-5740
      View Details
    • Value Estimation
      $2,770,000
      80,672 SF

      5220 University Dr

      OFFICE BUILDING • 80,672 SF
      5220 University Dr, Mckinney, TX 75071-7064
      View Details
    • Value Estimation
      $580,000
      7,042 SF

      3124 University Dr

      OFFICE BUILDING • 7,042 SF
      3124 University Dr, Mckinney, TX 75071-3018
      View Details
    • Value Estimation by Request
      5,204 SF

      2309 Virginia Pkwy

      OFFICE BUILDING • 5,204 SF
      2309 Virginia Pkwy, Mckinney, TX 75071-3505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,000 SF

      McKinney Office Building For Sale

      11,116 SF office building in McKinney, TX for sale.
      5601-5605 Virginia Pkwy, McKinney, TX 75071
      View Details
    • $1,190,000
      2.02 Acres

      Office and Medical Office Condo

      Office and Medical office condo building available for sale.
      7605 Virginia Pkwy, McKinney, TX 75071
      View Details
    • $1,175,000
      5.46 Acres

      Upgraded Office Suites in McKinney

      Fully furnished office suites with high-end upgrades and flexible layout.
      2001 Auburn Hills Pkwy, McKinney, TX 75071
      View Details
    • $515,000
      2,500 SF

      Office Plus Warehouse at Airport

      Versatile commercial property near Aero Country Airport in McKinney, TX.
      10035 Aeronca Ln, McKinney, TX 75071
      View Details
    • Contact for pricing
      8,348 SF

      McKinney Medical Office Building

      8,348 SF medical office building in McKinney, Texas for sale.
      5531 Virginia Pkwy, McKinney, TX 75071
      View Details
    • $4,000,000
      11,187 SF

      McKinney Office Building: 11,187 SF

      Prime McKinney office, 1.15 acres, 100% leased.
      5601 Virginia Pkwy, McKinney, TX 75071
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      111,775 SF

      Office and Restaurant Space Available

      Office and restaurant spaces for lease in McKinney, Texas.
      7200 W University Dr, McKinney, TX 75071
      View Details
    • Contact for pricing

      Prominent Suburban Office Building Space

      Professional office space with flexible options and high visibility.
      321 N Central Expy, McKinney, TX 75071
      View Details
    • $1,095 /Mo
      6,534 SF

      Office Space in McKinney, TX

      Office space for lease in McKinney, approximately 600 SF.
      10055 Aeronca Ln, McKinney, TX 75071
      View Details
    • Contact for pricing

      Mixed-Use Property in Stonebridge Ranch

      Located in McKinney's Stonebridge Ranch with easy access.
      7290 Virginia Pkwy, McKinney, TX 75071
      View Details
    • Contact for pricing

      Adriatica Village Mixed-Use Property

      Located in Adriatica Village, McKinney, replicating a Croatian fishing village.
      6951 Virginia Pkwy, McKinney, TX 75071
      View Details
    • $29 SF/Yr
      1,695 SF

      Medical/Office Condos Near Baylor Center

      Shell condition condos near Lake Forest & Hwy 380.
      2164 N Lake Forest Dr, McKinney, TX 75071
      View Details
    View Listing
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    McKinney, TX 75071
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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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    4701 W University Dr, McKinney, TX, 75071

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