Corner Office
For Sale
$415,000
2601 Little Elm Parkway #701, Little Elm, TX 75068
The 2021-built suite has reception, private offices, a conference room, breakroom, and private restroom.
Property Size1,225 SF
Price / SF$338.78
Days on Market8
Property Features for 2601 Little Elm Parkway #701
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2021
Listing Agency:
KV Square Realty
(682) 593-9362
Listed By:
Rakesh Ravela
Source:
Dallasandbeyond
Added: Sep 30
Last Checked: Oct 5 at 6:32PM
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
Investment Insights
Based on property information with market context.
Suite 701 is a 1,225 SF office unit with a completed interior and modern finishes. Its layout includes a reception area, multiple private offices, a conference room or flex office with double glass or French doors, a breakroom, and a private restroom. Natural light enters the corner suite, which was built in 2021.
The property is at 2601 Little Elm Parkway, near the intersection with FM 423 and adjacent to Kroger. Access is available to FM 423, Eldorado Parkway, Highway 121, and the Dallas North Tollway. The address is in Little Elm, near the West Frisco border.
The property is at 2601 Little Elm Parkway, near the intersection with FM 423 and adjacent to Kroger. Access is available to FM 423, Eldorado Parkway, Highway 121, and the Dallas North Tollway. The address is in Little Elm, near the West Frisco border.
Key Highlights
- 1,225 SF corner office unit, Suite 701
- Built in 2021
- Reception area, private offices, and conference room or flex office
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
Healthcare Medical
$236.8K
$207.2K – $276.3K
NOI $16,577 @ 7.0% cap · market cap 3.99%
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - The 2021-built suite has reception, private offices, a conference room, breakroom, and private restroom.
Where is this office units located?
The property is located at 2601 Little Elm Parkway #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 corner office unit, Suite 701; Built in 2021; Reception area, private offices, and conference room or flex office
