Corner Office
For Sale
$418,500
2601 Little Elm Pkwy Unit 1201, Little Elm, TX 75068
Office space with abundant windows, mixed flooring, and on-site parking access.
Property Size1,225 SF
Price / SF$341.63
Days on Market90
Property Features for 2601 Little Elm Pkwy Unit 1201
General Information
Standard status
Active
Size
1,225 SF
Building Details
Year Built
2020
Listing Agency:
MAXWORTH REAL ESTATE GROUP LLC
Listed By:
Vipul Raval, Parth Raval
Source:
Minteerteam
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 7 at 3:54PM
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 MAXWORTH REAL ESTATE GROUP LLC
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Investment Insights
Based on property information with market context.
This 1,225-square-foot office unit is located in a building completed in 2020. The corner configuration includes plentiful windows for natural light, while the interior incorporates commercial carpeting, hardwood flooring, ceramic tile, and laminate finishes in common areas. The space is identified as suitable for medical services, coaching classes, spa operations, IT consulting, and other office-oriented businesses. The tenant may vacate if requested.
The property sits at the FM 423 and FM 720 intersection in Little Elm, within walking distance of Hat Creek Burgers and Kroger. On-site parking is available, and the office complex experiences customer flow throughout the day.
The property sits at the FM 423 and FM 720 intersection in Little Elm, within walking distance of Hat Creek Burgers and Kroger. On-site parking is available, and the office complex experiences customer flow throughout the day.
Key Highlights
- 1,225 SF corner office unit
- Built in 2020
- Located at the FM 423 and FM 720 intersection
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
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$17.13M
$14.99M – $19.99M
NOI $1,199,164 @ 7.0% cap · market cap 286.54%
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
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office space with abundant windows, mixed flooring, and on-site parking access.
Where is this office units located?
The property is located at 2601 Little Elm Pkwy Unit 1201 Little Elm, TX.
What is the asking price?
The asking price for this property is $418,500.
What are key features of this property?
This property features: 1,225 SF corner office unit; Built in 2020; Located at the FM 423 and FM 720 intersection
