Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space on FM 423 Title is generated by Realmo AI

    3112 Horizons Dr, Little Elm, TX

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    13,904 SF retail space for lease on FM 423.

    Type:RETAIL
    Property size:
    13,904 SF
    Lot size:
    2.77 Acres
    Added:
    Apr 22, 2025
    Days on Market:
    413
    Last Refresh:
    May 20 at 9:55 pm

    Property Features for 3112 Horizons Dr

    General Information

    Standard status
    Active
    Size
    13,904 SF
    Lot size
    2.77 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3112 Horizons Dr Contact us

    We can help!

    Listing Contact
    Nick Lovitt
    Nick Lovitt

    Listing agent Nick Lovitt

    Listing office KM Realty - Dallas-Fort Worth

    Listing date Apr 22, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KM Realty - Dallas-Fort Worth

    HighLights

    • 13,904 sf of shell space for lease
    • Located directly on FM 423
    • Strong traffic counts totalling over 60,000 VPD
    • Centered in highly developed residential area
    • Master planned communities nearby
    • Plethora of businesses nearby

    Overview

    This property offers 13,904 square feet of shell space available for lease. It is located directly on Farm to Market Road 423 (FM 423), benefiting from strong traffic counts totaling over 60,000 vehicles per day. The property is centered in a highly developed residential area, which includes master-planned communities and numerous businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.8877
    Latitude
    33.1942

    Nearby Similar for Lease

    • $2,199/Mo
      1,225 SF

      Professional Office Suite for Lease

      Utilities are included in a flexible office layout with reception, private offices, and a restroom.
      2601 Little Elm Parkway, Little Elm, TX 75068
      View Details
    • $5,600/Mo

      Office and Storage Flex Space

      Lease office space paired with additional storage in one efficient setup near FM 423 for day-to-day operations.
      1927 Old Witt Road, Little Elm, TX 75036
      View Details
    • $2,199/Mo
      1,000 SF

      Professional Office Suite with Utilities

      Leasing an office suite with reception, private offices, and a private restroom, with utilities included for predictable occupancy.
      2601 Little Elm Parkway #2401, Little Elm, TX 75068
      View Details
    • $3,800/Mo

      Retail Space for Lease

      Available for lease in Little Elm, this retail property offers a sizable lot for adaptable commercial use.
      1020 W Eldorado Pathway, Little Elm, TX 75068
      View Details
    • $2,700/Mo

      Modern Office Suite with Hardwood

      A 2020-built office suite with low-maintenance flooring and a well-equipped break area for professional or medical teams.
      2601 Little Elm Parkway, Little Elm, TX 75068
      View Details
    • $31 SF/Yr

      Professional Office Suites

      Flexible office suites with reception and private offices, ideal for professional services and medical or legal use.
      901 E Eldorado Parkway, Little Elm, TX 75068
      View Details
    • $2,700/Mo

      Kroger-Adjacent Specialty Space

      Specialty space for lease with convenient access right after Kroger on Little Elm Parkway.
      2601 Little Elm Parkway 703, Little Elm, TX 75068
      View Details
    • Contact for pricing
      1,261 SF

      303 E Eldorado Pkwy Ste 100

      303 E Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • $31 SF/Yr
      3,050 SF

      Office Space on El Dorado

      Professional office suites available for lease in Little Elm.
      901 E Eldorado Parkway, Little Elm, TX 75068
      View Details
    • Contact for pricing

      Retail Center in Little Elm

      Regional shopping center with strong co-tenancy at a busy intersection.
      2700 East Eldorado Parkway, Little Elm, TX, 75068
      View Details
    • Contact for pricing
      2,367 SF

      Retail Space in Little Elm

      Retail spaces available in Little Elm, Texas.
      1606 FM 423, Little Elm, TX 75033
      View Details
    • Contact for pricing
      41,370 SF

      New Retail Space Available

      New construction retail space available in a shopping center.
      2140 OAK GROVE PKWY, Little Elm, TX 75068
      View Details

    FAQs

    What type of property is this?
    Retail space - 13,904 SF retail space for lease on FM 423.
    Where is this retail space located?
    The property is located at 3112 Horizons Dr Little Elm, TX.
    What are key features of this property?
    This property features: 13,904 sf of shell space for lease; Located directly on FM 423; Strong traffic counts totalling over 60,000 VPD
    (214) 478-3855 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Lovitt
    Nick Lovitt
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3112 Horizons Dr, Little Elm, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!