Class B Multi-Tenant Office
3605 Yucca Drive, Flower Mound, TX 75028
SINGLE_FAMILY - Flower Mound, TX
Type:Office
Property size:
12,070 SFLot size:
0.55 AcresPrice / SF:
$265/SF- Added:
- Apr 29, 2026
- Days on Market:
- 36
- Last Refresh:
- Jun 3 at 12:06 am
Property Features for 3605 Yucca Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- R657698
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Description
- ALLISON 2 ADDN BLK 1 LOT 22R
Building Details
- Year built
- 2005
- Floors in Building
- 2
- Number of units
- 6
Listing agent Liam Rose License #0774073 (940) 484-9411
Listing office Keller Williams Realty Denton, TX (940) 484-9411
Listing date Apr 29, 2026
MLS# 21236539
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 12,070 SF Class B multi‑tenant office asset in Flower Mound
- Built in 2005
- Currently ~51% occupied, with in‑place income plus lease‑up upside
- Parking lot on‑site
- Easy access at a high‑traffic intersection
Overview
This Class B, multi-tenant office asset totals 12,070 SF and is currently about 51% occupied. The property is structured with staggered leases, creating an opportunity for lease-up and market rent upside as space becomes available. With an owner operating in the market while collecting rental income, the configuration supports both ongoing tenancy and future positioning.
Located at 3605 Yucca Drive in Flower Mound, the building benefits from easy access at a high-traffic intersection. That combination can support tenant demand for office users as well as practical day-to-day access for an owner-user managing part of the space.
For investors, the current occupancy level and staggered lease structure align with a value-add stabilization strategy focused on improving income through re-leasing. For owner-users, the multi-tenant setup offers a functional path to occupy a portion of the building while offsetting operating costs with collected rent, provided they can capitalize on the future lease-up potential.
Located at 3605 Yucca Drive in Flower Mound, the building benefits from easy access at a high-traffic intersection. That combination can support tenant demand for office users as well as practical day-to-day access for an owner-user managing part of the space.
For investors, the current occupancy level and staggered lease structure align with a value-add stabilization strategy focused on improving income through re-leasing. For owner-users, the multi-tenant setup offers a functional path to occupy a portion of the building while offsetting operating costs with collected rent, provided they can capitalize on the future lease-up potential.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.4k | $24.72 |
| − Vacancy | −$74.6k | −$6.18 |
| EGI | $223.8k | $18.54 |
| − OpEx | −$55.9k | −$4.64 |
| NOI | $167.8k | $13.91 |
12,070 SF · lease $24.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,833 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$168.79M
$147.69M – $196.92M
NOI $11,815,441 @ 7.0% cap · market cap 369.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Flower Mound
- County
- Denton
- State
- Texas
- Longitude
- -97.068313
- Latitude
- 33.034892
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Well-positioned Class B office with in-place income and staggered leases, offering lease-up upside in a high-traffic setting.
Where is this office building located?
The property is located at 3605 Yucca Drive Flower Mound, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 12,070 SF Class B multi‑tenant office asset in Flower Mound; Built in 2005; Currently ~51% occupied, with in‑place income plus lease‑up upside
