Leased Office Condo in Elm
2601 Little Elm Parkway Little Elm, TX 75068
2601 Little Elm Parkway, Little Elm, TX, 75068
$419,000
For Sale
$419,000
SINGLE_FAMILY - Little Elm, TX
Property Size1,250 SF
Lot Size8.82 Acres
Price / SF$335.20
Days on Market20
Property Features for 2601 Little Elm Parkway
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Open
- Standard status
- Active
- APN
- R775950
- Lot size
- 8.82 Acres
Taxes and HOA fees
- Tax Description
- ELM RIDGE OFFICE CONDOMINIUMS BLD 6 UNT 604 P
- Tax Annual Amount
- 8503
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl, Engineered, Tile
- Building materials
- Brick, Rock, Stone
- Roof type
- Composition
Listing Agency
Keller Williams Frisco Stars
(972) 712-9898
Frisco, TX
Listed by
Swati Shah · License #0606077
(972) 712-9898
Added: Jun 29 Checked: Jul 18 at 3:06 pm
MLS# 21147301
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Elm Ridge Office Complex, this 1,250-square-foot office condo is currently leased. The interior includes four private offices plus a spacious reception area designed for guest flow and client intake. A well-appointed break room supports day-to-day operations with wood cabinetry and granite countertops, along with space for a refrigerator and microwave.
The complex is positioned near FM 423 in Little Elm, within the Frisco corridor. Ownership is supported by HOA coverage that includes exterior maintenance, water, sewer, trash, CAM, and building insurance.
For an investor, the property offers the benefit of in-place tenancy. For an operating business, the layout supports a professional office environment with multiple enclosed offices that can also be used as meeting or conference rooms, and the individually metered HVAC system allows more control over the unit’s comfort. This combination of functional space planning and defined building services helps simplify ownership and day-to-day occupancy.
The complex is positioned near FM 423 in Little Elm, within the Frisco corridor. Ownership is supported by HOA coverage that includes exterior maintenance, water, sewer, trash, CAM, and building insurance.
For an investor, the property offers the benefit of in-place tenancy. For an operating business, the layout supports a professional office environment with multiple enclosed offices that can also be used as meeting or conference rooms, and the individually metered HVAC system allows more control over the unit’s comfort. This combination of functional space planning and defined building services helps simplify ownership and day-to-day occupancy.
Key Highlights
- 1,250 SF office condo in Elm Ridge Office Complex, built in 2019
- Currently leased with a stable tenant
- Interior includes four private offices plus a spacious reception and break room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $24.72 |
| − Vacancy | −$7.7k | −$6.18 |
| EGI | $23.2k | $18.54 |
| − OpEx | −$5.8k | −$4.64 |
| NOI | $17.4k | $13.91 |
1,250 SF · lease $24.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$248.3K
$217.3K – $289.7K
NOI $17,381 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$17.48M
$15.30M – $20.39M
NOI $1,223,637 @ 7.0% cap · market cap 292.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-configured office condo with four private offices, reception, and break room, featuring an individually metered HVAC system.
Where is this office units located?
The property is located at 2601 Little Elm Parkway Little Elm, TX.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 1,250 SF office condo in Elm Ridge Office Complex, built in 2019; Currently leased with a stable tenant; Interior includes four private offices plus a spacious reception and break room
