Leased Office
For Sale
$419,000
2601 Little Elm Pkwy Unit 602, Little Elm, TX 75068
Office condominium with four private offices, reception space, and a finished break room with granite countertops.
Property Size1,225 SF
Price / SF$342.04
Days on Market65
Property Features for 2601 Little Elm Pkwy Unit 602
General Information
Standard status
Active
Size
1,225 SF
Occupancy
100%
Building Details
Year Built
2019
Tenancy
Single
Owner Occupied
No
Listing Agency:
Keller Williams Frisco Stars
Listed By:
Swati Shah · License #0606077
(214) 923-0563
Source:
Minteerteam
Added: Aug 15
Changed: Oct 12
Last Checked: Oct 16 at 11:02AM
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 Keller Williams Frisco Stars
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Investment Insights
Based on property information with market context.
Built in 2019, this office condominium is configured with four private offices, a reception area, and a break room equipped with wood cabinetry and granite countertops. The offices can accommodate individual work areas, meetings, or conferences, while the break room provides designated space for a refrigerator and microwave. An individually metered HVAC system gives the unit separate operating control.
The property is located at 2601 Little Elm Pkwy Unit 602 in Little Elm, near FM 423 and the Little Elm–Frisco corridor. The unit is leased to an existing tenant. HOA-covered items include exterior maintenance, water, sewer, trash, CAM, and building insurance.
The property is located at 2601 Little Elm Pkwy Unit 602 in Little Elm, near FM 423 and the Little Elm–Frisco corridor. The unit is leased to an existing tenant. HOA-covered items include exterior maintenance, water, sewer, trash, CAM, and building insurance.
Key Highlights
- Leased office condominium with an existing tenant
- Four private offices plus reception and break room areas
- Break room includes wood cabinetry and granite countertops
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 286.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office condominium with four private offices, reception space, and a finished break room with granite countertops.
Where is this office units located?
The property is located at 2601 Little Elm Pkwy Unit 602 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: Leased office condominium with an existing tenant; Four private offices plus reception and break room areas; Break room includes wood cabinetry and granite countertops
