Medical Office Space with
For Sale
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2601 Little Elm Parkway #903, Little Elm, TX 75068
Modern professional layout includes private rooms and convenient parking for clients and staff.
Property Size1,225 SF
Price / SF$2.04
Days on Market68
Property Features for 2601 Little Elm Parkway #903
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Office
Building Details
Year Built
2019
Listing Agency:
Global Realty
(972) 633-2422
Listed By:
Mahnaz Mirzaie · License #0465183
(214) 207-4914
Source:
Lonestarluxuryrealty
Added: Aug 16
Changed: Oct 12
Last Checked: Oct 20 at 10:06PM
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 Global Realty
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Investment Insights
Based on property information with market context.
This 1,225-square-foot medical office space is located within a professional commercial building completed in 2019. The interior includes a reception area, multiple private rooms, and an open, spacious layout suitable for medical, beauty, or office operations.
The property is at 2601 Little Elm Parkway, Unit 903, in Little Elm, Texas. On-site parking supports visitor and staff access, while nearby businesses, dining options, and residential communities provide surrounding activity. The existing configuration offers a practical setting for a professional office or service-based practice.
The property is at 2601 Little Elm Parkway, Unit 903, in Little Elm, Texas. On-site parking supports visitor and staff access, while nearby businesses, dining options, and residential communities provide surrounding activity. The existing configuration offers a practical setting for a professional office or service-based practice.
Key Highlights
- 1,225 SF medical office space
- Reception area with multiple private rooms
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,577
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,540
$331.5K
Cap Rate 7%
$236,814
$236.8K
Cap Rate 9%
$184,189
$184.2K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$30.9K $25.20/SF
− Vacancy
−$3.2K −$2.65/SF
EGI
$27.6K $22.55/SF
− OpEx
−$11.1K −$9.02/SF
NOI
$16.6K $13.53/SF
Area
Denton County, TX
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,540
Cap Rate 7%
$236,814
Cap Rate 9%
$184,189
Alternative Uses
Best Use
Office B
$243.3K
$212.9K – $283.9K
NOI $17,034 @ 7.0% cap · market cap 681.36%
Second Best
Healthcare Medical
$236.8K
$207.2K – $276.3K
NOI $16,577 @ 7.0% cap · market cap 663.08%
Theoretical Best
Multifamily LT 5
$17.13M
$14.99M – $19.99M
NOI $1,199,164 @ 7.0% cap · market cap 47,966.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
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 - Modern professional layout includes private rooms and convenient parking for clients and staff.
Where is this medical office space located?
The property is located at 2601 Little Elm Parkway #903 Little Elm, TX.
What are key features of this property?
This property features: 1,225 SF medical office space; Reception area with multiple private rooms; Built in 2019
