6951 Virginia PkwyMcKinney, TX 75071

Property Details for 6951 Virginia Pkwy

Year built

2005

Lot size

1.88 AC

Property size (Sq ft)

28,447 SF

Property type

Office buildings

APN

R-8795-00A-0050-1

APU

R879500A00501

Description

This exceptional office space, totaling between 905 and 2,605 square feet, is ideally situated in the vibrant Adriatica Village, at the southeast corner of Virginia Parkway and Stonebridge Drive in west McKinney, Texas. The property is a three-story traditional office building in a single-tenant configuration. Located within the 45-acre Adriatica Village, a mixed-use development reminiscent of a Croatian fishing village, this space offers unparalleled visibility and access to a thriving community. Adriatica is part of the larger 5,000+ acre Stonebridge Ranch master-planned community. The area boasts a strong economy, reflecting McKinney's status as one of the fastest-growing cities in the U.S., with an estimated population of 206,000 and an average household income of $134,813. The surrounding area features a diverse range of businesses, including Starbucks, Starwood Café, The UPS Store, Karadise Boutique, Zen Zen Wine & Bistro, Cavalli's Pizza, Independent Financial, The Guitar Sanctuary, and The Sanctuary, ensuring high foot traffic and convenient amenities for your business. The property's Collin County location and 75071 zip code provide easy access to major transportation routes. This is a rare opportunity to establish your business in a highly desirable and rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,264,786

  6.5%

  $5,782,879

  7%

  $5,369,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,160,702

  Geo Method

  $3,422,743

• Alternative Use

  Use

  Valuation

  Residential

  $7,170,770

  Hospitality

  $6,568,386

  Educational

  $5,464,820

  Medical

  $5,652,764

  Retail

  $8,500,832

Location Insight

City

Mckinney

County

Collin

State

Texas

Latitude

33.1981

Longitude

-96.7086

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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