Listing Agency: Stag Commercial Show Phone

Listed By: Jim Hanking · License #0543503 Show Phone

Source: Moodyscre

Added: Jul 15, 2025 Changed: Aug 30 Last Checked: Sep 2 at 3:39PM

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Investment Insights

Based on property information with market context.

This 1,690-square-foot office condominium is offered for sale within the Marketplace at Highland Village Office Suites. The space supports general office, medical, and dental applications, providing flexibility for an owner-user or investor. Signage is available along FM 2499, also identified as Village Parkway.

The property sits beside the shops of Highland Village and within the Highland Village commercial corridor. Flower Mound Presbyterian Hospital in the Riverwalk at Central Park is approximately 2.5 miles away. The surrounding context also includes executive housing and top-rated schools, while Dallas/Fort Worth International Airport is described as an easy commute from the property.

Key Highlights

• 1,690‑square‑foot office condominium for sale
• Suitable for general office, medical, or dental use
• Signage on FM 2499 (Village Parkway)

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

$23,499

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

3.48%

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%

$469,980 $470.0K

Cap Rate 7%

$335,700 $335.7K

Cap Rate 9%

$261,100 $261.1K

Market Conditions

NOI Build-Up for 1,690 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

$41.8K $24.72/SF

− Vacancy

−$10.4K −$6.18/SF

EGI

$31.3K $18.54/SF

− OpEx

−$7.8K −$4.64/SF

NOI

$23.5K $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%

$469,980

Cap Rate 7%

$335,700

Cap Rate 9%

$261,100

Alternative Uses

Best Use

Office B

$335.7K

$293.7K – $391.7K (±1% cap)

NOI $23,499 @ 7.0% cap · market cap 3.48%

Second Best

Healthcare Medical

$326.7K

$285.9K – $381.2K (±1% cap)

NOI $22,870 @ 7.0% cap · market cap 3.39%

Theoretical Best

Multifamily LT 5

$23.63M

$20.68M – $27.57M (±1% cap)

NOI $1,654,357 @ 7.0% cap · market cap 245.09%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Electrical Service Garden Center Grocery & Convenience Store Plumbing Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

735

Businesses Nearby

Explore this area Business Placement

Demographics for 75077, TX

38,073

Population

14,768

Households

2.6

Avg Household Size

42

Median Age

48%

College-Educated

97%

High-School Grad

14.1 sq mi

ZIP Area

2,700

Density / Sq Mi

$121,220

Median Household Income

$60,140

Median Earnings

$1,886

Median Rent

$418,800

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office units - Configured for general office, medical, or dental use within the Highland Village commercial corridor.

Where is this office units located?

The property is located at 2600-3000 Village Pkwy Highland Village, TX.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 1,690‑square‑foot office condominium for sale; Suitable for general office, medical, or dental use; Signage on FM 2499 (Village Parkway)