Four-Office
For Sale
$400,000
2601 Little Elm Parkway, Little Elm, TX 75068
CommercialSale, Little Elm, TX
Property Size1,250 SF
Lot Size8.82 Acres
Price / SF$320
Days on Market9
Property Features for 2601 Little Elm Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, commercial
Parking features
Open
Subdivision
Elm Rdg Office Condos Bldg 6
Lot features
Corner Lot
Directions
GPS
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
Legal Description
ELM RIDGE OFFICE CONDOMINIUMS BLD 6 UNT 604 P
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
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 · Keller Williams Realty
(972) 712-9898
Listed By:
Swati Shah · License #0606077
(214) 923-0563
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 7 at 3:06AM
MLS# 21398096
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.
This 1,250 SF office condo has four private offices, a reception area, and a break room with wood cabinetry and granite countertops. The break room has space for a refrigerator and microwave. An individually metered HVAC system serves the unit, which was built in 2019. The office is currently leased to a tenant.
The property is near FM 423 in Little Elm. The HOA covers exterior maintenance, water, sewer, trash, CAM, and building insurance. Public water and sewer serve the property.
The property is near FM 423 in Little Elm. The HOA covers exterior maintenance, water, sewer, trash, CAM, and building insurance. Public water and sewer serve the property.
Key Highlights
- 1,250 SF office condo with four private offices
- Currently leased to a tenant
- Break room has wood cabinetry, granite countertops, and space for a refrigerator and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,381
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,620
$347.6K
Cap Rate 7%
$248,300
$248.3K
Cap Rate 9%
$193,122
$193.1K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$30.9K $24.72/SF
− Vacancy
−$7.7K −$6.18/SF
EGI
$23.2K $18.54/SF
− OpEx
−$5.8K −$4.64/SF
NOI
$17.4K $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%
$347,620
Cap Rate 7%
$248,300
Cap Rate 9%
$193,122
Alternative Uses
Best Use
Office B
$248.3K
$217.3K – $289.7K
NOI $17,381 @ 7.0% cap · market cap 4.35%
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 305.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
632
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
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
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Frequently Asked Questions
What type of property is this?
Office units - An occupied workplace includes private offices, a reception area, and a break room with granite countertops.
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 $400,000.
What are key features of this property?
This property features: 1,250 SF office condo with four private offices; Currently leased to a tenant; Break room has wood cabinetry, granite countertops, and space for a refrigerator and microwave
