Corner Office
New
For Sale
$415,000
2601 Little Elm Parkway #701 701, Little Elm, TX 75068
A built-out suite includes private offices, a conference room, a breakroom, and a private restroom.
Property Size1,225 SF
Price / SF$338.78
Days on Market5
Property Features for 2601 Little Elm Parkway #701 701
General Information
Standard status
Active
Size
1,225 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
KV Square Realty
(682) 593-9362
Listed By:
Rakesh Ravela
Source:
Prodeorealty
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 16 at 8:29AM
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 KV Square Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,225-square-foot office unit has a reception area, multiple private offices, and a conference room or flex office with double glass or French doors. The layout also includes a breakroom with cabinetry and countertops, a private restroom, and abundant natural light.
The corner suite sits at Little Elm Parkway and FM 423, adjacent to Kroger. FM 423, Eldorado Parkway, Highway 121, and the Dallas North Tollway provide access to the surrounding area.
The corner suite sits at Little Elm Parkway and FM 423, adjacent to Kroger. FM 423, Eldorado Parkway, Highway 121, and the Dallas North Tollway provide access to the surrounding area.
Key Highlights
- 1,225 SF office suite
- Corner location at Little Elm Parkway and FM 423
- Adjacent to Kroger
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,034
Cap Rate
4.10%
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 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$17.13M
$14.99M – $19.99M
NOI $1,199,164 @ 7.0% cap · market cap 288.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
80
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - A built-out suite includes private offices, a conference room, a breakroom, and a private restroom.
Where is this office units located?
The property is located at 2601 Little Elm Parkway #701 701 Little Elm, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 1,225 SF office suite; Corner location at Little Elm Parkway and FM 423; Adjacent to Kroger
