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$660,657

NAL Estimated Property Value

423 Metro Park Drive, McKinney, TX, 75071

Off MarketInfo
CommercialInfo
Baths3,441 Sq Ft
OfficeOffice
Year BuiltBuilt in 2003

Highlights

Interior

FlooringCarpet, Ceramic Tile

Exterior

Lot Size17,999 sqft

Building Information

Year Built2003
Stories1

Land Information

APNR-1418-002-0040-1
Lot Number4
SubdivisionMetro Industrial Park # 2 (Cmc)
Land UseCommercial
Legal DescriptionMETRO INDUSTRIAL PARK # 2 (CMC), BLK B, LOT 4
Census Tract030901
Assessed Land Value$206,988
Assessed Improvement Value$453,669
Assessment Year2025

About this property

Office - Warehouse space for sale near US 380 and TX-5 in McKinney. Great location for businesses servicing North Texas and beyond. 2,241 square foot office plus 1,200 of warehouse space with 3 oversized garage doors. Office configuration has flexibility, with 3 private offices and 10 semi-private spaces. Office has 2 bathrooms.

Investor Tools

Property Icon
$660,657
Estimated Property Value
$547,707Estimated Mortgage Balance
$112,950Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,394 /month
Positive
Cash Flow Estimate:
$1,798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,242/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,604
$660,657
2025
$206,988
$453,669
$660,657
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,604
$660,657

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Commercial
$555,000
No
First
Aug 29, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$547,707
$112,950
17%
83%
$3,328/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: McKinney

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423 Metro Park Drive | Property Details | No Agent List