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

    7300 State Highway 121 McKinney, TX 75070

    • Office buildings
    • 199,115 SF
    • 1.36 lot acres
    For Lease
    View listing
    $5,501 /Mo
    Last Sale
    Oct 16, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3284906
    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

    • Andrew Mixon / Auto Insurance Agency / Home Insurance Agency
    • MarCon Benefits Group LLC / Insurance Broker
    • The Hooper Law Firm / Tax Attorney
    • FBMC Texas Headquarters / Insurance Broker
    • North Texas Fingerprinting LLC / Fingerprinting Service / Notary Public

    Property Details for 7300 State Highway 121

    Year built
    2021
    Lot size
    1.36 lot acres
    Property size
    199,115 SF
    Property type
    Office buildings
    APN
    R-12325-00A-0040-1
    APU
    R1232500A00401

    Description

    This Class A office building in McKinney's Craig Ranch offers 7,500 square feet of versatile space, perfect for a variety of businesses. The property is currently fully vacant and available for immediate occupancy. Multiple tenancy options are available, ranging from small, 75-square-foot private offices to larger contiguous spaces up to 2,500 square feet. The building offers a traditional office layout, but also caters to executive office needs, coworking arrangements, and creative office setups. Each space includes fully furnished amenities such as an onsite receptionist, printing services, refreshments, parking, utilities, and janitorial services. Tenants also enjoy access to conference rooms and shared amenities. Additional benefits include local business phone lines with unlimited domestic long-distance calling and access to a 24/7 fitness center. This location provides access to a network of similar spaces across Dallas/Fort Worth, Houston, Atlanta, and Phoenix. All information should be verified with on-site staff.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mckinney
    County
    Collin
    State
    Texas
    Longitude
    -96.7063
    Latitude
    33.1357
    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
    $345,129
    $1,536,884
    $38,463,116
    $40,000,000
    -
    $1,536,884
    $38,463,116
    $40,000,000

    Comparable in this City

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      20,819 SF

      7900 Henneman Way

      OFFICE BUILDING • 20,819 SF
      7900 Henneman Way, Mckinney, TX 75070-2914
      View Details
    • Value Estimation
      $555,000
      6,945 SF

      6800 State Hwy 121

      OFFICE BUILDING • 6,945 SF
      6800 State Hwy 121, Mckinney, TX 75070-2905
      View Details
    • Value Estimation
      $8,180,000
      300,789 SF

      3700 Stonebridge Dr

      OFFICE BUILDING • 300,789 SF
      3700 Stonebridge Dr, Mckinney, TX 75070-5934
      View Details
    • Value Estimation
      $2,175,000
      47,940 SF

      6950 Tpc Dr

      OFFICE BUILDING • 47,940 SF
      6950 Tpc Dr, Mckinney, TX 75070-1332
      View Details
    • Value Estimation
      $5,050,000
      239,000 SF

      6250 Traxxas Way

      OFFICE BUILDING • 239,000 SF
      6250 Traxxas Way, Mckinney, TX 75070-2424
      View Details
    • Value Estimation
      $3,885,000
      125,166 SF

      6800 Weiskopf Ave

      OFFICE BUILDING • 125,166 SF
      6800 Weiskopf Ave, Mckinney, TX 75070-5242
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,130 SF

      McKinney Office Building For Sale

      8,130 SF office building in McKinney, Texas.
      6850 Tpc Dr, McKinney, TX 75070
      View Details
    • $5,950,000
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      New Construction Office Building

      Four-story office building with cross-access parking, available November 2025.
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      View Details
    • New
      $749,000
      2,450 SF

      McKinney Office Condo Near Frisco

      Office condo in McKinney near Frisco with convenient highway access.
      3900 S Stonebridge Dr, McKinney, TX 75070
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    • Contact for pricing
      4,000 SF

      McKinney Office Space For Sale

      4,000 square foot office space available in McKinney, Texas.
      3120 Hudson Xing, McKinney, TX 75070
      View Details
    • $308,000
      1.98 Acres

      Office Condo in Hudson Crossing

      Office condo suitable for medical, dental, or general office use.
      3128 Hudson Xing, McKinney, TX 75070
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    • Contact for pricing
      15,544 SF

      McKinney Office Investment Opportunity

      15,544 SF, Single-Tenant, Secure Lease
      3250 Craig Dr, McKinney, TX 75070
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Office Space in Craig Ranch

      New office spaces for lease in McKinney, Texas.
      8850 Collin Mckinney Pkwy, McKinney, TX 75070
      View Details
    • Contact for pricing
      20,000 SF

      Office Building Near Sam Rayburn

      Office building featuring an offset core and covered walkway.
      8080 State Highway 121, McKinney, TX 75070
      View Details
    • Contact for pricing
      3,789 SF

      Class A Office Space Available

      Move-in ready office suites for lease in McKinney, Texas.
      4500 W Eldorado Pkwy, McKinney, TX 75070
      View Details
    • $26 SF/Yr
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      Medical/Professional Office Space Available

      Single-story medical/professional office building with wooded creek views.
      3101 S Custer Rd, McKinney, TX 75070
      View Details
    • $28 SF/Yr

      Move-in Ready Office Space

      Professional office space in Collin Ridge Office Park, McKinney, TX.
      6000 Alma Dr, McKinney, TX 75070
      View Details
    • $26 SF/Yr
      8,206 SF

      McKinney Medical Office Space

      Modern medical office suites available.
      3101 Custer Rd, McKinney, TX 75070
      View Details
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    7300 State Highway 121
    McKinney, TX 75070
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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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