There are 2 kinds of office condos around Frisco and McKinney: turnkey and shell.
The turnkey projects come ready for clients—or patients. The shell type are less expensive, but the buyer must finish out. Sales comparison and income approaches to value need adjusting accordingly. Medical-office condo values are enhanced if mixed uses exist in the same project. Some have restaurants and retail. Others have the doc, the dentist, the CPA, the attorney, and the vet, all in one project. Vacancy rates impact the income approach in these new projects.