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    2221 Fm 423 Little Elm, TX 75068

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    For Lease
    Contact for pricing

    Retail space with drive-thru potential near Little Elm Marketplace.

    Property size:
    2,325 SF
    Lot size:
    0.85 Acres

    Property Features for 2221 Fm 423

    General Information

    Size
    2,325 SF
    Lot size
    0.85 Acres

    Source: RESOLUT RE - Dallas Agent Colin Cannon

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

    Overview

    Retail Space Near Major Retailers

    This retail space is located in close proximity to major area retailers, including Kroger, Goody Goody Liquor, Chipotle, Hat Creek, Schlotzskys, Raceway, and Quick Trip. Quick service restaurant plans with a drive-thru have been approved by the city, and construction can begin immediately. The property size is 2325 square feet. There is a possibility to expand the footprint if needed. Situated in a major retail area for the surrounding residential neighborhoods, the Little Elm Marketplace across the street sees approximately 173,000 visitors per month.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.886921
    Latitude
    33.173286

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    FAQs

    What type of property is this?
    Retail space - Retail space with drive-thru potential near Little Elm Marketplace.
    Where is this retail space located?
    The property is located at 2221 Fm 423 Little Elm, TX.
    What are key features of this property?
    This property features: - Close proximity to major retailers like Kroger, Goody Goody Liquor, and Chipotle.; - QSR plans with drive-thru approved by the city.; - Immediate construction start possible.
    (817) 239-4916
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    2221 Fm 423 Little Elm, TX 75068
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    Realmo Value Estimation

    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.

    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.

    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
    2221 Fm 423 Little Elm, TX 75068
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