For Sale
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Property summary
Explore the epitome of modern business convenience with our newly constructed office suite, unveiled in 2023. Strategically positioned at the intersection of FM 720 and FM 423, right on the West Frisco and Little Elm border. This spacious and new workspace boasts proximity to Kroger for added convenience. Office space is restricted to professional office or medical business only and buyers are encouraged to get prior approval from HOA as part of due diligence. The suite comprises four spacious well ventilated office rooms, a welcoming reception area, kitchenette, a comfortable lounge, ample closet space and a restroom. Step into an office space where the modern structure creates an environment that is not only functional but also aesthetically pleasing. Elevate your business presence in a setting that exudes sophistication and style. This property is available for lease at $2650 per month base rent with lease term of minimum 1 year and maximum of 5 years. Additional expenses incurred by landlord: $160 per month HOA, $75 a month to insurance, and property tax $700 per month. Utilities are paid by tenant. Currently the property is under a 2 year lease term that ends in June 2027 and tenants are a massage spa clinic for $2500 a month . New owner will assume the lease and become the landlord.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Little Elm market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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