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$16,200

$2,600,000

704 Drexel St, McKinney, TX, 75069

On MarketInfo
CommercialInfo
Price DropInfo
Baths12,180 Sq Ft
OfficeOffice
Year BuiltBuilt in 2009

Highlights

Interior

FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size3,637 sqft

Building Information

Year Built2009
Stories1

Land Information

APNR-0926-000-8620-1
Lot Number862
SubdivisionMckinney Outlots (Cmc)
Land UseOther / Unknown
Legal DescriptionMCKINNEY OUTLOTS (CMC), LOT 862
Census Tract030901
Assessed Land Value$81,250
Assessment Year2025

About this property

The independent building in the hot location of the downtown McKinney; Allowed use -Church, Religious purposes & Private School. City had given CO for 250 people load previously This building has 10 classrooms, director office with private restroom, conference hall or prayer hall , kitchen, dining hall . Utilities will be directly paid by the tenant. Rent includes Property Taxes & property Insurance & other operating expenses which is estimated to be $3000 Per month.

Investor Tools

$0Estimated Mortgage Balance
$81,250Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$488 /month
Positive
Cash Flow Estimate:
$163 /month

Interested in this property?

Anoo Sathappun

Redbud Offices LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$133/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$81,250
2025
$81,250
N/A
$81,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$81,250

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$81,250
100%
0%
$0/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.

Explore Texas Explore This Area
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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