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2601 Little Elm Pkwy Suite 1604, Little Elm, TX 75068
Professional/Medical office suite in Little Elm/Frisco border.
Property Size1,225 SF
Price / SF$326.53
Days on Market88
Property Features for 2601 Little Elm Pkwy Suite 1604
General Information
Standard status
Active
Size
1,225 SF
Class
B
Property subtype
Office
Zoning
Commercial
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
2023
Buildings
8
Units
1
Tenancy
Single
Listing Agency:
Rockhill Commercial Real Estate
Listed By:
Tonya LaBarbera · License #678307
Source:
Crexi
Added: May 14
Changed: Aug 8
Last Checked: Aug 8 at 3:41PM
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 Rockhill Commercial Real Estate
Investment Insights
Based on property information with market context.
This professional or medical office suite is centrally located at the intersection of Little Elm Parkway and FM 423. The upscale corner suite features modern finishes and is situated in a newly constructed office building. The 1,225 square foot suite includes a reception area and double glass doors leading into an optional conference room, waiting room, or large office. Additionally, the suite contains three offices, a breakroom, and a restroom. The property is located on the border of Little Elm and West Frisco, near retail establishments, restaurants, and other amenities. The area has experienced a population increase of 31.9% since 2020.
Key Highlights
- Prime location at the intersection of Little Elm Parkway and FM 423.
- Modern, upscale corner suite with new construction (built in 2023).
- Functional layout: reception area, optional conference room/large office, three offices, breakroom, and restroom.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,034
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.26%
Second Best
Healthcare Medical
$236.8K
$207.2K – $276.3K
NOI $16,577 @ 7.0% cap · market cap 4.14%
Theoretical Best
Multifamily LT 5
$17.13M
$14.99M – $19.99M
NOI $1,199,164 @ 7.0% cap · market cap 299.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- 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
- 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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional/Medical office suite in Little Elm/Frisco border.
Where is this medical office space located?
The property is located at 2601 Little Elm Pkwy Suite 1604 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: Prime location at the intersection of Little Elm Parkway and FM 423.; Modern, upscale corner suite with new construction (built in 2023).; Functional layout: reception area, optional conference room/large office, three offices, breakroom, and restroom.
