2780 Virginia PkwyMcKinney, TX 75071

  • Office buildings
  • 11,566 SF
For Lease
$19/SF/YR View listing

Property Details for 2780 Virginia Pkwy

Year built
2001
Lot size
1.07 AC
Property size (Sq ft)
11,566 SF
Zone code
COMM
Property type
Office buildings
APN
R-4558-00A-0020-1
APU
R455800A00201

Description

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

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
$40,677
$742,960
$1,347,880
$2,090,840
-
$742,960
$1,347,880
$2,090,840

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