Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2956 Farm To Market Rd, Unit 720 Little Elm, TX

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Permit-ready land approved for a Montessori School.

    Lot size:
    2.40 Acres

    Property Features for 2956 Farm To Market Rd

    General Information

    Lot size
    2.40 Acres

    We can help!

    Listing Contact
    Michael Gonzalez
    Michael Gonzalez
    Source: Moodyscre

    Listing Agent: Michael Gonzalez

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

    Learn more

    Overview

    Land Ready for Development

    This commercial land is permit-ready with completed architectural plans for a Montessori School, approved by the City. The property is located behind a new McDonald’s and a multitenant strip center with a Starbucks. Situated in a developing area adjacent to Little Elm, an experienced developer is willing to build-to-suit.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.9375051
    Latitude
    33.1626193

    Nearby Similar for Lease

    • $2,700 /Mo
      348,480 SF

      Elm Ridge Office Condo

      Office space for lease with upgrades and great curb appeal.
      2601 Little Elm Pkwy, Little Elm, TX 75068
      View Details
    • New
      $625 /Mo
      10,062 SF

      Single Office Space For Lease

      Single office space for lease with community amenities in Little Elm.
      309 W Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • $19 SF/Yr
      30,949 SF

      Lake Shore Crossing Retail Spaces

      Little Elm, TX: Retail spaces available.
      800 Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing
      19,400 SF

      Shops at Lakefront: Denton Retail Space

      Prime Denton retail space, flexible sizes available.
      2009 Fm 720, Little Elm, TX 75068
      View Details
    • Contact for pricing
      10,000 SF

      Lakeshore Plaza Retail Space Available

      Prime Denton County retail space, flexible sizes.
      550 Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing
      1,623 SF

      Retail Spaces Available For Lease

      Retail spaces available in Little Elm, anchored by prominent businesses.
      1690 Fm 423, Little Elm, TX 75068
      View Details
    • Contact for pricing
      8,850 SF

      Lakefront Retail Center - Little Elm

      Prime Retail Space, New Construction, High Visibility
      303-305 Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing
      3,651 SF

      Retail Space in Little Elm

      Retail spaces available in Little Elm's premier mixed-use development.
      300 Lakefront Dr, Little Elm, TX
      View Details
    • $36 SF/Yr
      15,767 SF

      Little Elm Retail Space for Lease

      New 2024 Construction, High Visibility
      & FM-423 Swq Panther Crk Pkwy, Little Elm, TX 75033
      View Details
    • Contact for pricing
      2,499 SF

      Retail Space Next to Frost Bank

      2,499 SF in-line retail space in Little Elm, TX.
      2785 E Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • $27 SF/Yr
      1,800 SF

      Retail Center on FM 423

      9,144 SF retail center in high-growth Little Elm, TX.
      2405 Fm 423, Little Elm, TX 75068
      View Details
    • Contact for pricing
      2,325 SF

      Retail Space Near Major Retailers

      Retail space with drive-thru potential near Little Elm Marketplace.
      2221 Fm 423, Little Elm, TX 75068
      View Details

    FAQs

    What type of property is this?
    Commercial land - Permit-ready land approved for a Montessori School.
    Where is this commercial land located?
    The property is located at 2956 Farm To Market Rd, Unit 720 Little Elm, TX.
    What are key features of this property?
    This property features: - Montessori School Approved by City; - Permit-Ready with Completed Architectural Plans; - Located in Developing Area Adjacent to Little Elm
    (214) 373-8300
    Request Owner's contact information
    2956 Farm To Market Rd, Unit 720 Little Elm, TX
    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.
    2956 Farm To Market Rd, Unit 720
    Little Elm, TX
    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
    2956 Farm To Market Rd, Unit 720 Little Elm, TX
    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

    We can help!
    Listing Contact
    Michael Gonzalez
    Michael Gonzalez
    (214) 373-8300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.