6200 Virginia Pkwy McKinney, TX 75071
Property profile & analytics
6200 Virginia Pkwy, McKinney, TX 75071
- Office buildings
- 5,905 SF
- 0.87 lot acres
Property ID
US82-2668300
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
- Excellence Academy / High School
- Deborah Marlier / Physician
- Montessori School of Excellence / High School
Property Details for 6200 Virginia Pkwy
- Year built
- 1997
- Lot size
- 0.87 lot acres
- Property type
- Office buildings
- APN
- R-3520-00A-003A-1
- APU
- R352000A003A1
Description
This exceptional investment opportunity presents a 5,945 square foot daycare center in McKinney, Texas, situated on a 0.87-acre lot at 6200 Virginia Pkwy, 75071. The property, built in 1997, boasts a 100% occupancy rate with a strong, established tenant under a single-tenant, absolute net lease (NNN) with two years remaining and 2% annual increases. The current asking price is $2,525,000, reflecting a price per square foot of $424.73 and a 6.50% cap rate. The property generates a substantial net operating income (NOI) of $164,028 annually. Located within the rapidly growing city of McKinney, a master-planned community with over 36,000 residents and average household incomes exceeding $141,000, this daycare benefits from exceptional demographics and high traffic counts (over 22,500 vehicles daily on Virginia Pkwy). The property's location within a densely populated area (over 230,000 people within a 5-mile radius) and its proximity to Stonebridge Ranch further enhance its value. The tenant has a history of strong full-time enrollment and has even leased additional space nearby due to high demand. This presents a secure, recession-resistant investment in a vital sector of the economy. The lease includes corporate and personal guarantees, offering additional security for the investor.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mckinney
- County
- Collin
- State
- Texas
- Longitude
- -96.7009
- Latitude
- 33.1994
- 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
$23,849
$684,504
$914,514
$1,599,018
-
$684,504
$914,514
$1,599,018
