New Medical Office
For Sale
$420,000
2601 Little Elm Pkwy Unit 1601, Little Elm, TX 75068
Four offices, reception, kitchenette, lounge, storage, and restroom support professional or medical business use.
Property Size1,225 SF
Price / SF$342.86
Days on Market33
Property Features for 2601 Little Elm Pkwy Unit 1601
General Information
Standard status
Active
Size
1,225 SF
Financials
Gross Income
$30,000
HOA Fee
$160
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
REKonnection, LLC
Listed By:
Vijay Reddy · License #0823056
(972) 914-0989
Source:
Christenberrygroup
Added: Sep 5
Changed: Sep 12
Last Checked: Oct 5 at 8:46PM
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 REKonnection, LLC
Investment Insights
Based on property information with market context.
Completed in 2023, this 1,225-square-foot medical office suite includes four office rooms, a reception area, kitchenette, lounge, closet storage, and a restroom. The configuration is designated for professional office or medical business use, with prior HOA approval encouraged as part of buyer due diligence.
The property is located at 2601 Little Elm Pkwy Unit 1601 in Little Elm, at the intersection of FM 720 and FM 423 near the West Frisco and Little Elm border. Kroger is nearby. An existing lease to a massage spa clinic runs through June 2027, and the buyer will assume the lease and landlord responsibilities.
The property is located at 2601 Little Elm Pkwy Unit 1601 in Little Elm, at the intersection of FM 720 and FM 423 near the West Frisco and Little Elm border. Kroger is nearby. An existing lease to a massage spa clinic runs through June 2027, and the buyer will assume the lease and landlord responsibilities.
Key Highlights
- 1,225‑square‑foot medical office suite completed in 2023
- Four office rooms plus reception, kitchenette, lounge, closet storage, and restroom
- Professional office or medical business use only
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,034
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
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
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 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 4.06%
Second Best
Healthcare Medical
$236.8K
$207.2K – $276.3K
NOI $16,577 @ 7.0% cap · market cap 3.95%
Theoretical Best
Multifamily LT 5
$17.13M
$14.99M – $19.99M
NOI $1,199,164 @ 7.0% cap · market cap 285.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Livewell Animal Hospital of Little Elm — 1931 FM 423 STE 100, Little Elm, TX 75034
- Banfield Pet Hospital — 2681 Little Elm Pkwy, Little Elm, TX 75068
- Lauren Heathcock - Healthy Paws Veterinary Center — 2401 FM 423, Little Elm, TX 75068
- Casey Cole - Healthy Paws Veterinary Center — 2401 FM 423, Little Elm, TX 75068
- Healthy Paws Veterinary Center — 2401 FM 423, Little Elm, TX 75068
Frequently Asked Questions
What type of property is this?
Medical Office Space - Four offices, reception, kitchenette, lounge, storage, and restroom support professional or medical business use.
Where is this medical office space located?
The property is located at 2601 Little Elm Pkwy Unit 1601 Little Elm, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,225‑square‑foot medical office suite completed in 2023; Four office rooms plus reception, kitchenette, lounge, closet storage, and restroom; Professional office or medical business use only
