2750 Virginia PkwyMcKinney, TX 75071

Property Details for 2750 Virginia Pkwy

Year built

2001

Lot size

1.00 AC

Property size (Sq ft)

7,986 SF

Zone code

COMM

Property type

Office buildings

APN

R-4558-00A-0050-1

APU

R455800A00501

Description

This single-tenant office building, located at 2750 Virginia Parkway in McKinney, Texas, offers 9,000 square feet of space, with 7,500 square feet currently available. Situated at the northeast corner of Virginia Parkway and Jordan Road, this property enjoys a prime location approximately one mile west of the US 75 and Virginia Parkway intersection, ensuring high visibility and accessibility. The building is a one-story structure with 192 parking spaces (1 space per 47 sq ft). The property is in Collin County, zip code 75071, and benefits from McKinney's robust growth. McKinney's population is estimated at 206,000, boasting an average household income of $134,813. This thriving city features several master-planned communities, including Stonebridge Ranch, Eldorado, Craig Ranch, and Painted Tree, contributing to its strong demographics and economic vitality. The high-traffic area ensures excellent exposure for businesses seeking a prominent location. This presents a unique opportunity for businesses to establish themselves in a rapidly growing and affluent community. The property's convenient access to major thoroughfares makes it an ideal location for employees and clients alike.

• CAP approach

  CAP return

  Valuation

  6%

  $1,758,730

  6.5%

  $1,623,443

  7%

  $1,507,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,168,045

  Geo Method

  $960,876

• Alternative Use

  Use

  Valuation

  Residential

  $2,013,069

  Hospitality

  $1,843,960

  Educational

  $1,534,153

  Medical

  $1,586,915

  Retail

  $2,386,460

Location Insight

City

Mckinney

County

Collin

State

Texas

Latitude

33.1993

Longitude

-96.652

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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