Corner Office
For Sale
$418,500
2601 Little Elm Parkway #1201, Little Elm, TX 75068
Move-in ready corner office suite in a multi-tenant complex with ample parking and multiple window lines for natural light.
Property Size1,225 SF
Days on Market26
Property Features for 2601 Little Elm Parkway #1201
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Commercial
Zoning
Office Commercial
Building Details
Building Size
1,225 SF
Year Built
2020
Stories
1
Units
1
Listing Agency:
MAXWORTH REAL ESTATE GROUP LLC
(817) 929-9259
Listed By:
Vipul Raval · License #589775
(817) 929-9259
Source:
Cornerstonehomeandranch
Added: Jul 21
Changed: Aug 8
Last Checked: Aug 14 at 2:32PM
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 MAXWORTH REAL ESTATE GROUP LLC
Investment Insights
Based on property information with market context.
This income-generating office building includes a corner office unit (#1201) with a strong interior finish package. The suite features commercial carpeting, hardwood flooring, and ceramic tile, with laminate floors or tile finishes in common areas. The space is described as move-in ready, and the listing notes an option for the tenant to vacate, supporting near-term occupancy.
The property is located in Little Elm at the FM 423 and FM 720 intersection, with walking distance to Hat Creek Burgers and Kroger. The complex is described as having good flow of customers throughout the day and includes ample parking.
The suite is positioned as a corner unit and is highlighted for having plenty of windows that provide natural light. The building is presented as suitable for a range of business uses, including medical, coaching classes, spa, and IT consultancy, as stated in the remarks.
The property is located in Little Elm at the FM 423 and FM 720 intersection, with walking distance to Hat Creek Burgers and Kroger. The complex is described as having good flow of customers throughout the day and includes ample parking.
The suite is positioned as a corner unit and is highlighted for having plenty of windows that provide natural light. The building is presented as suitable for a range of business uses, including medical, coaching classes, spa, and IT consultancy, as stated in the remarks.
Key Highlights
- 2020‑built, income‑generating office building with a move‑in ready corner office suite
- Corner unit in a multi‑tenant complex with plenty of windows for natural light
- Commercial finishes include commercial carpeting, hardwood flooring, and ceramic tile
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,034
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,680
$340.7K
Cap Rate 7%
$243,343
$243.3K
Cap Rate 9%
$189,267
$189.3K
Market Conditions
NOI Build-Up for 1,225 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.3K $24.72/SF
− Vacancy
−$7.6K −$6.18/SF
EGI
$22.7K $18.54/SF
− OpEx
−$5.7K −$4.64/SF
NOI
$17.0K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$340,680
Cap Rate 7%
$243,343
Cap Rate 9%
$189,267
Alternative Uses
Best Use
Office B
$243.3K
$212.9K – $283.9K
NOI $17,034 @ 7.0% cap · market cap 4.07%
Second Best
Healthcare Medical
$236.8K
$207.2K – $276.3K
NOI $16,577 @ 7.0% cap · market cap 3.96%
Theoretical Best
Multifamily LT 5
$17.13M
$14.99M – $19.99M
NOI $1,199,164 @ 7.0% cap · market cap 286.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 75068, TX
66,248
Population
23,499
Households
2.8
Avg Household Size
34
Median Age
43%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
2,374
Density / Sq Mi
$126,341
Median Household Income
$66,559
Median Earnings
$2,161
Median Rent
$386,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready corner office suite in a multi-tenant complex with ample parking and multiple window lines for natural light.
Where is this office units located?
The property is located at 2601 Little Elm Parkway #1201 Little Elm, TX.
What is the asking price?
The asking price for this property is $418,500.
What are key features of this property?
This property features: 2020‑built, income‑generating office building with a move‑in ready corner office suite; Corner unit in a multi‑tenant complex with plenty of windows for natural light; Commercial finishes include commercial carpeting, hardwood flooring, and ceramic tile
