Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    9979 Virginia Pkwy McKinney, TX 75071

    Property Lookup

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

    9979 Virginia Pkwy McKinney, TX 75071

    View on Map
    • Commercial real estate
    • 1.67 lot acres
    Off-Market
    Property ID
    US82-5197848
    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

    • Commercial real estate

    Property Details for 9979 Virginia Pkwy

    Lot size
    1.67 lot acres
    Property type
    Commercial real estate
    APN
    R081300000101

    Description

    This exceptional 1.67-acre tract presents a compelling investment opportunity in the thriving city of McKinney, Texas. Situated within the city's extraterritorial jurisdiction (ETJ), this property offers significant development potential in a rapidly growing community. Conveniently located at a hard corner intersection of Virginia Parkway and Independence Parkway, the site boasts two access points and benefits from exceptionally high traffic volume, exceeding 47,000 vehicles daily. City water and sewer services are readily available, eliminating infrastructure concerns. The property is strategically positioned for easy access to major transportation arteries, including US-380 (just four minutes away), and within seven miles of both the Dallas North Tollway and US-75. This prime location makes it ideal for a diverse range of commercial or industrial ventures. There are no known restrictions on the property's use. The Collin County location and the readily available utilities make this a highly desirable parcel for investors seeking a strategic foothold in a dynamic market. The substantial traffic count ensures high visibility and accessibility for any future development.

    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
    -96.750183650011
    Latitude
    33.203611812023

    Comparable in this City

    • $1,175,000
      2,880 SF

      Spacious Home with Multiple Metal Shops

      Open-concept home with shops, office, barn on 6.59 acres.
      4360 County Road 411, McKinney, TX 75071
      View Details
    • Contact for pricing

      Mckinney Ranch Property For Sale

      62.45 acres of land zoned A in Mckinney, Texas.
      4228 County Road 408, McKinney, TX 75071
      View Details
    • $8,485,000
      49.80 Acres

      Equestrian Estate Near Downtown McKinney

      Premier equestrian property on nearly 50 acres in North Texas.
      520 High Rdg Dr, McKinney, TX 75071
      View Details
    • Contact for pricing

      Highway 380 Frontage Development Opportunity

      6-acre parcel with highway frontage in McKinney ETJ.
      2855 County Road 407, Princeton, TX 75071
      View Details
    • $675,000
      3,000 SF

      Aero Country Airport Hangar

      Insulated hangar at Aero Country Airport with roll-up doors.
      10025 Jungmeister Ln, McKinney, TX 75071
      View Details
    • Contact for pricing

      Class A Industrial Facility

      209,016 SF industrial facility with robust utilities.
      600 Mcintyre Rd, McKinney, TX 75071
      View Details

    Similar Nearby for Sale

    • $1,175,000
      2,880 SF

      Spacious Home with Multiple Metal Shops

      Open-concept home with shops, office, barn on 6.59 acres.
      4360 County Road 411, McKinney, TX 75071
      View Details
    • Contact for pricing

      Mckinney Ranch Property For Sale

      62.45 acres of land zoned A in Mckinney, Texas.
      4228 County Road 408, McKinney, TX 75071
      View Details
    • $8,485,000
      49.80 Acres

      Equestrian Estate Near Downtown McKinney

      Premier equestrian property on nearly 50 acres in North Texas.
      520 High Rdg Dr, McKinney, TX 75071
      View Details
    • Contact for pricing

      Highway 380 Frontage Development Opportunity

      6-acre parcel with highway frontage in McKinney ETJ.
      2855 County Road 407, Princeton, TX 75071
      View Details
    • $675,000
      3,000 SF

      Aero Country Airport Hangar

      Insulated hangar at Aero Country Airport with roll-up doors.
      10025 Jungmeister Ln, McKinney, TX 75071
      View Details
    • Contact for pricing

      Class A Industrial Facility

      209,016 SF industrial facility with robust utilities.
      600 Mcintyre Rd, McKinney, TX 75071
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      10,000 SF

      McKinney Flex Space For Rent

      Flex space available for rent in McKinney, Texas.
      7807 Fm 1827, McKinney, TX 75071
      View Details
    • Contact for pricing

      Remodeled Office Warehouse at Airport

      Remodeled office warehouse near Aero Country Airport in McKinney, Texas.
      10025 Aeronca Ln, McKinney, TX 75071
      View Details
    • Contact for pricing

      McKinney Warehouse Space Available

      Large warehouse space available for lease in McKinney, Texas.
      Mcintyre Rd, McKinney, TX 75071
      View Details
    • $19 SF/Yr
      6,970 SF

      Office Plus Warehouse at Airport

      Versatile office and warehouse space near Aero Country Airport.
      10035 Aeronca Ln, McKinney, TX 75071
      View Details
    • Contact for pricing

      New Class A Warehouse Space

      Class A warehouse in McKinney, Texas, with spec office.
      600 Mclntyre Rd, 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.
    9979 Virginia Pkwy
    McKinney, TX 75071
    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.
    Sign Up Successful!
    You now have access to more from Realmo!