This exceptional 2,438-square-foot office space is located within McKinney Commons One, a single-story, multi-tenant building constructed in 2001. Situated on Virginia Parkway in McKinney, Texas, this property enjoys a highly visible location with frontage on a major thoroughfare, offering excellent exposure to potential clients. The building's convenient location provides easy access to Highways 380 and 75, ensuring seamless commutes for employees and clients alike. The space is ideal for a variety of professional uses, including law firms, accounting practices, and medical offices. The building features ample parking, with a ratio of 3.46 spaces per 1,000 square feet, including covered parking options. Two shared restrooms are available for tenant use, and signage opportunities exist for enhanced visibility. The property is zoned PD - Office, and the building is well-maintained. The lease term is flexible, ranging from one to three years, with a rental rate of $19.00 per square foot plus a $5.54 per square foot NNN charge. The total building size is 11,775 square feet, offering a strong sense of community within a well-established professional environment. Surrounded by thriving residential neighborhoods, this location offers a blend of accessibility and a desirable work environment. This is a rare opportunity to secure prime office space in a highly sought-after McKinney location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,547,140
6.5%
$2,351,207
7%
$2,183,264
Comparable approach
Method
Valuation
Relative Method
$1,691,661
Geo Method
$1,391,621
Alternative Use
Use
Valuation
Residential
$2,915,496
Hospitality
$2,670,579
Educational
$2,221,890
Medical
$2,298,304
Retail
$3,456,274
Location Insight
City
Mckinney
County
Collin
State
Texas
Latitude
33.1994
Longitude
-96.6538
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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