Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3851 Long Prairie Rd Flower Mound, TX 75028

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Functional retail/office suite in a stabilized, service-oriented center.

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Bryson Hudgens
    Bryson Hudgens
    Source: Svn

    Listing Agency: SVN | Verus Commercial Listing Agent: Bryson Hudgens

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

    Learn more

    Overview

    Retail/Office Suite in Flower Mound

    Available for lease is a retail/office suite situated within a stabilized, service-oriented center. The space is suitable for medical, wellness, personal service, or professional office users. The property features a functional layout and on-site parking. The space was formerly occupied by Anabell’s Brazilian Wax. The property is positioned along FM 2499 (Long Prairie Road), the primary north–south commercial corridor serving Flower Mound, Texas. The location benefits from visibility, traffic counts, and proximity to established residential neighborhoods, daily-needs retail, and major employment centers, while also offering convenient access to DFW International Airport, SH-121, and I-35E. The suite includes a built-out reception area ideal for client-facing and service-based users.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -97.0702236
    Latitude
    33.0377858

    Nearby Similar for Lease

    • $9,606 /Mo
      23,740 SF

      Flower Mound Professional/Medical Office

      Professional and medical office building in Flower Mound, Texas.
      3605 Yucca Dr, Flower Mound, TX 75028
      View Details
    • $4,325 /Mo
      23,740 SF

      Flower Mound Professional/Medical Office

      Professional and medical office building in Flower Mound, Texas.
      3605 Yucca Dr, Flower Mound, TX 75028
      View Details
    • New
      $22 SF/Yr
      47,480 SF

      Flower Mound Boutique Office Spaces

      Mediterranean-style office property in Lakeside Business District, Flower Mound.
      1001 Long Prairie Rd, Flower Mound, TX 75022
      View Details
    • $38 SF/Yr
      39,857 SF

      Flower Mound Office Suite Available

      Professional office suite for lease in Flower Mound, Texas.
      2041 Morriss Rd, Flower Mound, TX 75028
      View Details
    • Sponsored
      Contact for pricing

      TX, Flower Mound - Long Prairie Road

      Workspaces, services and support to help you work better in Shelton
      3921 Long Prairie Rd, Flower Mound, TX 75028
      View Details
    • $18 SF/Yr
      3,469 SF

      Flower Mound Office Pad Site

      Office pad site for lease in Flower Mound, Texas.
      3513 Yucca Dr, Flower Mound, TX 75028
      View Details
    • $18 SF/Yr
      4,782 SF

      Flower Mound Office Pad Site

      Office pad site available for lease in Flower Mound.
      3601 Yucca Dr, Flower Mound, TX 75028
      View Details
    • $19 SF/Yr
      1,478 SF

      Retail Space in Flower Mound

      Located at a busy intersection near Market Street Grocery.
      3917 Long Prairie Rd, Flower Mound, TX 75028
      View Details
    • $28 SF/Yr
      1,820 SF

      Move-in Ready Office Suite

      Office space near hospital, shopping, and airport.
      2750 Churchill Dr, Flower Mound, TX 75028
      View Details
    • $15 SF/Yr
      1,786 SF

      Flower Mound Office Space Available

      1786 RSF office space for sublease through September 2027.
      700 Parker Sq Rd, Flower Mound, TX
      View Details
    • $19 SF/Yr
      3,352 SF

      Parker Square Professional Office Space

      Professional office space for lease in Parker Square.
      1100-1190 Parker Sq Rd, Flower Mound, TX
      View Details
    • $18 SF/Yr
      1,050 SF

      Flower Mound Office Space Available

      Office space for rent in Flower Mound, Texas.
      3208 Long Prairie Rd, Flower Mound, TX 75022
      View Details

    FAQs

    What type of property is this?
    Retail space - Functional retail/office suite in a stabilized, service-oriented center.
    Where is this retail space located?
    The property is located at 3851 Long Prairie Rd Flower Mound, TX.
    What are key features of this property?
    This property features: - Located in Flower Mound, TX, an affluent and growing Dallas-Fort Worth suburb.; - Functional layout suited for medical, wellness, personal service, or professional office users.; - Located within a stabilized, service-oriented retail center with a strong history of tenant retention.
    (940) 435-9994
    Request Owner's contact information
    3851 Long Prairie Rd Flower Mound, TX 75028
    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.
    3851 Long Prairie Rd
    Flower Mound, TX 75028
    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
    3851 Long Prairie Rd Flower Mound, TX 75028
    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
    Bryson Hudgens
    Bryson Hudgens
    Real Estate License ID: 827964
    (940) 435-9994 (940) 381-2220
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!