Suite 703 Office
For Sale
$419,000
2601 Little Elm Parkway 0703, Little Elm, TX 75068
2020-built office suite with finished reception, work areas, break room, and restroom near established retail and residential uses.
Property Size1,225 SF
Days on Market95
Property Features for 2601 Little Elm Parkway 0703
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Office
Building Details
Building Size
1,225 SF
Year Built
2020
Listing Agency:
ONEPLUS REALTY GROUP, LLC
Listed By:
Neeraj Gupta · License #0702077
(469) 867-9837
Source:
Sociallivingre
Added: Aug 2
Changed: Nov 1
Last Checked: Nov 3 at 1:10PM
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 ONEPLUS REALTY GROUP, LLC
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.
Suite 703 is an office unit completed in 2020, with a finished reception area, hallways, office rooms, break room, and restroom. Hardwood flooring extends through the reception and hallway areas, while carpet and ceramic tile are used in other portions of the suite. The break room includes custom cabinetry for supply storage.
The property is positioned at 2601 Little Elm Parkway on the west Frisco and Little Elm border, next to Kroger and near the signalized intersection of FM 720 and FM 423. Surrounding retail and residential properties support professional office and medical office uses.
The property is positioned at 2601 Little Elm Parkway on the west Frisco and Little Elm border, next to Kroger and near the signalized intersection of FM 720 and FM 423. Surrounding retail and residential properties support professional office and medical office uses.
Key Highlights
- Suite 703 office unit completed in 2020
- Next to Kroger at the signalized intersection of FM 720 and FM 423
- Hardwood flooring in reception and hallway areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,034
Cap Rate
4.07%
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 4.07%
Second Best
Healthcare Medical
$236.8K
$207.2K – $276.3K
NOI $16,577 @ 7.0% cap · market cap 3.96%
Theoretical Best
Multifamily LT 5
$17.13M
$14.99M – $19.99M
NOI $1,199,164 @ 7.0% cap · market cap 286.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
767
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 unit - 2020-built office suite with finished reception, work areas, break room, and restroom near established retail and residential uses.
Where is this office unit located?
The property is located at 2601 Little Elm Parkway 0703 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: Suite 703 office unit completed in 2020; Next to Kroger at the signalized intersection of FM 720 and FM 423; Hardwood flooring in reception and hallway areas
