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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6675 Mediterranean Dr McKinney, TX 75072

    • Commercial real estate
    • 14,772 SF
    • 4.32 lot acres
    For Lease
    View listing
    $789 /Mo
    Value Estimations
    $640,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3336159
    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.

    Current Use by Public Records

    • Mindful Reflections Counseling Center, PLLC / Physician / Medical Clinic
    • Next Level Chiropractic / Alternative Medicine Practice
    • Ready to Read Learning Center / Tutoring Service
    • Texas Premier Group Insurance / Insurance Agency
    • Texara Solutions LLC / Consultant

    Property Details for 6675 Mediterranean Dr

    Year built
    2012
    Lot size
    4.32 lot acres
    Property size
    14,772 SF
    Property type
    Commercial real estate
    APN
    R-9855-000-2101-1
    APU
    R985500021011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $784,000
      Market price range: $785k - $2.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mckinney
    County
    Collin
    State
    Texas
    Longitude
    -96.7045
    Latitude
    33.1958
    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
    $2,301
    $157,833
    $54,490
    $212,323
    -
    $157,833
    $54,490
    $212,323

    Comparable in this City

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      0.09 Acres

      Mckinney, TX 75072

      COMMERCIAL (GENERAL) • 0.09 Acres
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    • Value Estimation
      $670,000
      11,313 SF

      9055 Cotton Rdg Rd

      COMMERCIAL (GENERAL) • 11,313 SF
      9055 Cotton Rdg Rd, Mckinney, TX 75072-6109
      View Details
    • Value Estimation
      $1,795,000
      14,199 SF

      2890 Craig Dr

      COMMERCIAL (GENERAL) • 14,199 SF
      2890 Craig Dr, Mckinney, TX 75072-5126
      View Details
    • Value Estimation
      $10,120,000
      91,962 SF

      2811 Craig Dr

      COMMERCIAL (GENERAL) • 91,962 SF
      2811 Craig Dr, Mckinney, TX 75072-4347
      View Details
    • Value Estimation
      $1,090,000
      6,636 SF

      116 Custer Rd

      COMMERCIAL (GENERAL) • 6,636 SF
      116 Custer Rd, Mckinney, TX 75072-6107
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.00 Acres

      McKinney Commercial Land - 2 Acres

      Prime 2-acre commercial lot in Stonebridge Ranch.
      1800 Stonebridge Dr, McKinney, TX 75072
      View Details
    • $312,900
      1,227 SF

      Move-In Ready Townhome in Gated Community

      Immaculate townhome in McKinney's gated Villas of Westridge community.
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    • $443,000
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      McKinney Medical Office Space

      Prime Medical Office, 1,197 SF, $443,000
      7300 Eldorado Pkwy, McKinney, TX 75072
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    • $629,000
      1.70 Acres

      Frisco Land with Creek Access

      1.7 acres with tall trees and creek access.
      15530 Plum Ln, Frisco, TX 75072
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    • $690,000
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      Residential Estate Land in McKinney

      1.9 acres of residential estate land, subdividable into at least 5 lots.
      105 Westpark Dr S, McKinney, TX 75072
      View Details
    • $1,700,000
      0.25 Acres

      Lakefront Restaurant Space in McKinney

      Move-in ready restaurant in McKinney's Adriatica Village.
      6675 Mediterranean Dr, McKinney, TX 75072
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    Similar Nearby for Lease

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      McKinney Restaurant Space For Lease

      Prime McKinney retail space, 1679 sq ft.
      2730 Central Expy, McKinney, TX 75072
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    • $35 SF/Yr
      8,699 SF

      Adriatica Village Office Space

      McKinney, TX Office Building - 8,699 sqft
      260 Adriatic Pkwy, McKinney, TX 75072
      View Details
    • New
      $3,000 /Mo
      186,916 SF

      McKinney Office Space For Rent

      Corner office unit with ample parking and natural light.
      1402 S Custer Rd, McKinney, TX 75072
      View Details
    • $27 SF/Yr
      1,230 SF

      McKinney Office Condo For Lease

      1,230 sq ft Executive Office Suite. Immediate Occupancy.
      1402 Custer Rd, McKinney, TX 75072
      View Details
    • $789 /Mo
      261 SF

      Office Unit with Balcony View

      Office space with balcony overlooking town center in McKinney.
      6675 Mediterranean Dr, McKinney, TX 75072
      View Details
    • $28 SF/Yr
      1,197 SF

      McKinney Medical Office Building

      Prime Medical Office Space in McKinney, TX
      7300 Eldorado Pkwy, McKinney, TX 75072
      View Details
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    6675 Mediterranean Dr
    McKinney, TX 75072
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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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