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    Boutique Office Suites in Fountain Park Title is generated by Realmo AI

    1001 Long Prairie Road, Flower Mound, TX 75022

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    New
    For Lease
    $1,850 /Mo

    COMMERCIAL - Flower Mound, TX

    Type:Office
    Lot size:
    1.09 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 1001 Long Prairie Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    R223154
    Lot size
    1.09 Acres

    Taxes and HOA fees

    Tax Description
    FOUNTAIN PARK ADDN BLK A LOT 5

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public
    Water front features
    Canal Access
    Water front
    1

    Building Details

    Year built
    2002
    Floors in Building
    1
    Number of units
    200
    Flooring type
    Laminate
    Building materials
    Stucco
    Roof type
    Tile

    We can help!

    Listing Contact
    Herbert Johnson

    Listing agent Herbert Johnson

    Listing office Compass RE Texas, LLC Dallas, TX

    Listing date Jun 3, 2026

    MLS# 21290242

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 2002 Mediterranean‑style office property in Fountain Park within the Lakeside Business District in Flower Mound
    • Offering includes three boutique office spaces; two are currently vacant and available for immediate use
    • Convenient location directly behind Moviehouse & Eatery by Cinepolis Flower Mound, with access to nearby retail, dining, and entertainment
    • Just three miles north of Dallas Fort Worth International Airport for local and traveling professionals
    • Suite #200 available for lease at $17.50/SF; Suite #300 also available for lease
    • Public utilities: public water and public sewer; features include tile roof, stucco exterior, laminate flooring, and central HVAC

    Overview

    Located in Fountain Park within the Lakeside Business District of Flower Mound, this Mediterranean-style office property was built in 2002 and offers three boutique office spaces. Two suites are currently vacant and available for immediate use, making the building a practical fit for an owner-user or an investor seeking occupied-to-available flexibility.

    The property is positioned directly behind Moviehouse & Eatery by Cinepolis Flower Mound, with convenient access to nearby retail, dining, and entertainment amenities. It is also located about three miles north of Dallas Fort Worth International Airport, supporting ease of access for both local and traveling professionals.

    Suites available include Suite #200 and Suite #300, each offered for lease. The boutique configuration supports a range of office uses that benefit from proximity to established amenities and straightforward day-to-day access for staff and clients. For tenants evaluating office space in the DFW Metroplex, this building provides a compact set of available options within a established business district setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flower Mound
    County
    Denton
    State
    Texas
    Longitude
    -97.065959
    Latitude
    32.996429

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    FAQs

    What type of property is this?
    Office units - Mediterranean-style office building with two currently vacant suites, positioned behind dining and entertainment at Fountain Park.
    Where is this office units located?
    The property is located at 1001 Long Prairie Road Flower Mound, TX.
    What is the lease rate?
    The lease rate is $1,850 /Mo.
    What are key features of this property?
    This property features: Built in 2002 Mediterranean‑style office property in Fountain Park within the Lakeside Business District in Flower Mound; Offering includes three boutique office spaces; two are currently vacant and available for immediate use; Convenient location directly behind Moviehouse & Eatery by Cinepolis Flower Mound, with access to nearby retail, dining, and entertainment
    (214) 814-8100
    We can help!
    Listing Contact
    Herbert Johnson
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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