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    7951 Collin Mckinney Pkwy McKinney, TX 75070
    Property profile & analytics

    7951 Collin Mckinney Pkwy McKinney, TX 75070

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    • Mixed-use properties
    For Lease
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    Mixed-Use Property in Craig Ranch For Lease
    Contact for pricing

    Mixed-Use Property in Craig Ranch

    Mixed-use property with luxury apartments and ground floor retail.

    7951 Collin McKinney Pkwy., Mckinney, TX 75070
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    Property ID
    US82-1749295
    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

    • Pierce Insurance Group, Inc / Insurance Agency
    • Synergy Assembly Service LLC / Hardware & Home Improvement / General Contractor
    • Ochoablends / Barber Shop
    • davidson lane real estate group / Real Estate Agency
    • Mary Le Wolfe / Hair Salon

    Property Details for 7951 Collin Mckinney Pkwy

    Year built
    2009
    Property type
    Mixed-use properties
    Property subtype
    Retail properties & Spaces

    Description

    Times Square at Craig Ranch is a Mixed-Use property with 313 Luxury Apartments that includes ground floor retail on Collin McKinney pkwy, Weiskopf Ave, Collin David N Dr & Dr. Kenneth Cooper Drive. Times Square at Craig Ranch is Adjacent TPC Craig Ranch and McKinney Corporate Center at Craig Ranch and approximately 1-mile from 121 & Custer Rd.

    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
    -96.7185271
    Latitude
    33.1401494

    Comparable in this City

    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent in McKinney, Texas.
      Sec Mckinney Rnch & Lk Frst Dr, McKinney, TX 75070
      View Details
    • Contact for pricing

      Retail Space in McKinney, TX

      Retail space for lease in McKinney Market Street shopping center.
      6100 W Eldorado Pkwy, McKinney, TX 75070
      View Details
    • Contact for pricing

      Retail/Restaurant Space Near HEB

      High-traffic retail/restaurant opportunity in McKinney, Texas.
      3421 S Custer Rd, McKinney, TX 75070
      View Details
    • Contact for pricing

      Retail Space with Outdoor Amenities

      Retail space featuring outdoor seating and green spaces.
      3041 S Custer Rd, McKinney, TX 75070
      View Details
    • Contact for pricing

      Retail Space on Eldorado Parkway

      Retail space available for lease on Eldorado Parkway.
      7502 Eldorado Pkwy, McKinney, TX 75070
      View Details
    • Contact for pricing

      Retail Space in McKinney, Texas

      Retail space available for lease in McKinney, Texas.
      Neq Custer Rd & Silverado Trl, McKinney, TX 75070
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Development on Highway 121

      New retail development in fast-growing McKinney, Texas, on Highway 121.
      Nwc Of Sh-121 & Stacy Rd, McKinney, TX 75070
      View Details
    • Contact for pricing
      1,736 SF

      Professional Suite in Mixed-Use Development

      Second-floor suite ideal for medical, wellness, or professional services.
      4104 S Custer Rd, McKinney, TX 75070
      View Details
    • Contact for pricing
      12,000 SF

      Retail Investment Opportunity in McKinney

      12,000 SF retail complex in McKinney, TX, 100% leased.
      3180 Eldorado Pkwy, McKinney, TX 75070
      View Details
    • Contact for pricing

      District 121 Retail Opportunity

      Retail property within a $250 million mixed-use development.
      7000 State Highway 121, McKinney, TX 75070
      View Details
    • New
      $950,000
      1,500 SF

      Retail Condo with Long-Term Tenant

      Retail condo with a 7+ year lease in McKinney, TX.
      4041 S Custer Rd, McKinney, TX 75070
      View Details
    • $3,500,000
      12,000 SF

      Retail Investment Opportunity in McKinney

      12,000 SF retail complex in McKinney, TX, 100% leased.
      3180 Eldorado Pkwy, McKinney, TX 75070
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent in McKinney, Texas.
      Sec Mckinney Rnch & Lk Frst Dr, McKinney, TX 75070
      View Details
    • Contact for pricing
      24,450 SF

      Orchid Centre: McKinney Retail Space

      Prime McKinney retail space available September 1st.
      4150 Eldorado Pkwy, McKinney, TX 75070
      View Details
    • Contact for pricing
      1,850 SF

      Retail Space in McKinney, Texas

      1,850 SF in-line retail space available for lease.
      4701 S Custer Rd, McKinney, TX 75070
      View Details
    • Contact for pricing
      34,300 SF

      Class A Retail Center Space

      Class A retail center in McKinney, near Frisco and Plano.
      5611 Custer Rd, McKinney, TX 75070
      View Details
    • Contact for pricing
      1 SF

      Retail Space For Rent

      Retail property available for lease.
      475 South Central Expy, McKinney, TX 75070
      View Details
    • Contact for pricing
      1,326 SF

      Retail Space Available For Lease

      1,326 SF 2nd Gen Hair Salon Available For Lease
      4550 West Eldorado Pkwy, McKinney, TX 75070
      View Details
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    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.

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