Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9241 Virginia Pkwy Mckinney, TX 75071-6113

    • Commercial real estate
    • 25,992 SF
    • 2.50 lot acres
    OFF-MARKET
    Last Sale
    May 08, 2025
    Value Estimations
    $3,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9473219
    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

    • Sprouts Farmers Market / Grocery & Convenience Store / Food Market

    Property Details for 9241 Virginia Pkwy

    Year built
    2013
    Lot size
    2.50 lot acres
    Property size
    25,992 SF
    Property type
    Commercial real estate
    APN
    R-10543-00A-02R1-1
    APU
    R1054300A02R11

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,743,000
      Market price range: $1.28M - $4.47M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mckinney
    County
    Collin
    State
    Texas
    Longitude
    -96.7349
    Latitude
    33.2023
    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
    $125,250
    $1,957,848
    $5,548,648
    $7,506,496
    -
    $1,957,848
    $5,548,648
    $7,506,496

    Comparable in this City

    • Value Estimation by Request
      20.40 Acres

      4701 County Road 168

      Land • 20.40 Acres
      4701 County Road 168, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      20,007 SF

      Davis St

      Office Properties & Spaces • 20,007 SF
      0 Davis St, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      1.30 Acres

      380 & Lk Frst Dr

      Retail properties • 1.30 Acres
      380 & Lk Frst Dr, McKinney, TX 75071
      View Details
    • Value Estimation by Request
      7.22 Acres

      5959 Franklin Branch Rd

      Land • 7.22 Acres
      5959 Franklin Branch Rd, McKinney, TX 75071
      View Details
    • Value Estimation
      $1,415,000
      38,670 SF

      402 Interchange St

      COMMERCIAL (GENERAL) • 38,670 SF
      402 Interchange St, Mckinney, TX 75071-1829
      View Details
    • Value Estimation
      $2,410,000
      12,030 SF

      1871 Lk Frst Dr

      COMMERCIAL (GENERAL) • 12,030 SF
      1871 Lk Frst Dr, Mckinney, TX 75071-7685
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.90 Acres

      McKinney Marketplace: Junior Anchor Space

      Prime McKinney retail land, ±19,000 SF available.
      0 Virginia Pkwy, McKinney, TX 75071
      View Details
    • $1,600,000
      4.00 Acres

      McKinney Commercial Land - 4 Acres

      Prime 4-acre commercial lot in McKinney, TX.
      500 New Hope Rd, McKinney, TX 75071
      View Details
    • $2,900,000
      5.00 Acres

      McKinney Commercial Land Opportunity

      5-Acre Commercial Land, Prime Location
      4156 Ridge Rd, McKinney, TX 75071
      View Details
    • Contact for pricing
      1.59 Acres

      Highway 380 Commercial Land

      1.59 Acres, High-Traffic Location
      3818 Taft Ln, McKinney, TX 75071
      View Details
    • $1,500,000
      3.72 Acres

      McKinney Land: 3.72 Acres

      Prime McKinney acreage, ideal for mixed-use development.
      3190 County Road 407, McKinney, TX 75071
      View Details
    • Contact for pricing
      77.00 Acres

      77 Acres Commercial Land, McKinney, TX

      Prime McKinney location, 77 acres, ETJ zoning.
      1461 & Lk Frst Dr, McKinney, TX 75071
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      2,605 SF

      McKinney Office Space for Lease

      905-2605 sq ft, prime location, single tenant.
      6951 Virginia Pkwy, McKinney, TX 75071
      View Details
    • $25 SF/Yr
      54,155 SF

      Stonebridge Ranch Office Space

      Prime McKinney Office Suites, 1,341-4,323 SF
      7290 Virginia Pkwy, McKinney, TX 75071
      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 75071
      View Details
    • Contact for pricing
      10 SF

      Prime Land in McKinney, Texas

      Land available in booming McKinney market with logistical efficiency.
      Tbd, McKinney, TX 75071
      View Details
    • Contact for pricing
      25 SF

      Land Near US HWY 380

      Land for rent within McKinney ETJ, close to US HWY 380.
      3250 County Road 405, McKinney, TX 75071
      View Details
    • Contact for pricing
      60,164 SF

      Industrial Property in McKinney, Texas

      60,164 sqft industrial space available for lease.
      415 Interchange St, McKinney, TX 75071
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9241 Virginia Pkwy
    Mckinney, TX 75071-6113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.