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    New Multi-Tenant Retail Center Title is generated by Realmo AI

    27052 East University Drive, Little Elm, TX 75068

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    Newly built multi-tenant retail with four tenants and ample parking along a high-growth University Drive corridor.

    Type:Retail
    Property size:
    14,010 SF
    Lot size:
    1.94 Acres
    Price / SF:
    $712/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 5:53 am

    Property Features for 27052 East University Drive

    General Information

    Standard status
    Active
    Size
    14,010 SF
    Lot size
    1.94 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Rehan Nazar

    Listing agent Rehan Nazar License #843311

    Listing office Equitify

    Listing date Jun 2, 2026

    Source Crexi

    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 Equitify

    HighLights

    • Newly constructed 14,010 SF multi‑tenant retail center built in 2025
    • Fully leased with four tenants across entertainment, dining, beauty, and healthcare
    • In‑place NOI of approximately $569,180 with long‑term leases expiring through 2032 and 2035
    • Located on approximately 1.94 acres on East University Drive (US‑380) with ample parking and customer accessibility
    • Tenant mix includes service‑oriented and experience‑based businesses
    • Near major national retailers including Costco, H‑E‑B, Walmart, CVS, Walgreens, AutoZone, and Bank of America

    Overview

    This newly constructed, multi-tenant retail center totals 14,010 SF and is configured to support a tenant mix spanning entertainment, dining, beauty, and healthcare. The property is described as fully leased, with four diverse tenants providing an in-place income stream. A long-term lease structure is in place, with lease expirations extending through 2032 and 2035. Modern construction and high-quality exterior finishes are noted as helping reduce near-term capital expenditure needs.

    The center is located on the East University Drive (US-380) corridor, positioned for strong customer access with ample parking. The property is set on approximately 1.94 acres and is described as offering excellent visibility, frontage, and ingress/egress. The surrounding area includes significant residential growth from multiple master-planned communities, and the remarks cite nearby major national retail tenants including Costco, H-E-B, Walmart, CVS, Walgreens, AutoZone, and Bank of America.

    For buyers seeking a stabilized retail investment with a service-oriented and experience-based tenant profile, this asset’s leased configuration and staggered lease expirations through 2032 and 2035 may align well with long-range ownership plans. The combination of modern build quality, customer-friendly parking, and a mixed tenant roster supports a practical everyday retail operating model on a heavily developed regional corridor.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.9829
    Latitude
    33.1913

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    FAQs

    What type of property is this?
    Shopping center - Newly built multi-tenant retail with four tenants and ample parking along a high-growth University Drive corridor.
    Where is this shopping center located?
    The property is located at 27052 East University Drive Little Elm, TX.
    What is the asking price?
    The asking price for this property is $9,985,614.
    What are key features of this property?
    This property features: Newly constructed 14,010 SF multi‑tenant retail center built in 2025; Fully leased with four tenants across entertainment, dining, beauty, and healthcare; In‑place NOI of approximately $569,180 with long‑term leases expiring through 2032 and 2035
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rehan Nazar
    Real Estate License ID: 843311
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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