Class B Office
New
For Sale
$2,950,000
3605 Yucca Drive 201, Flower Mound, TX 75028
This 2005-built office property is near Flower Mound Hospital, local shops, and restaurants.
Property Size12,070 SF
Days on Market6
Property Features for 3605 Yucca Drive 201
General Information
Standard status
Active
Size
12,070 SF
Class
Class B
Property subtype
Office
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$27,867
Building Details
Building Size
12,070 SF
Year Built
2005
Listing Agency:
Keller Williams Realty-FM
Listed By:
Ryan Collinsworth · License #0530023
(972) 874-1905
Source:
Baerealty
Added: Sep 28
Last Checked: Oct 3 at 1:07AM
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 Realty-FM
Investment Insights
Based on property information with market context.
Built in 2005, this Class B office property is located in Flower Mound. The listing identifies the asset as office space and places it near the area’s medical district.
Flower Mound Hospital is approximately half a mile away. Shops and restaurants are within walking distance, while hotels are less than a mile from the property. DFW Airport is under 20 minutes away, and the property has access to major roadways.
Flower Mound Hospital is approximately half a mile away. Shops and restaurants are within walking distance, while hotels are less than a mile from the property. DFW Airport is under 20 minutes away, and the property has access to major roadways.
Key Highlights
- Class B office property built in 2005
- Approximately half a mile from Flower Mound Hospital
- Shops and restaurants within walking distance
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
$167,833
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
5.69%
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%
$3,356,660
$3.4M
Cap Rate 7%
$2,397,614
$2.4M
Cap Rate 9%
$1,864,811
$1.9M
Market Conditions
NOI Build-Up for 12,070 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
$298.4K $24.72/SF
− Vacancy
−$74.6K −$6.18/SF
EGI
$223.8K $18.54/SF
− OpEx
−$55.9K −$4.64/SF
NOI
$167.8K $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%
$3,356,660
Cap Rate 7%
$2,397,614
Cap Rate 9%
$1,864,811
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $167,833 @ 7.0% cap · market cap 5.69%
Second Best
Healthcare Medical
$2.33M
$2.04M – $2.72M
NOI $163,336 @ 7.0% cap · market cap 5.54%
Theoretical Best
Multifamily LT 5
$168.79M
$147.69M – $196.92M
NOI $11,815,441 @ 7.0% cap · market cap 400.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 75028, TX
46,830
Population
18,189
Households
2.6
Avg Household Size
40
Median Age
62%
College-Educated
98%
High-School Grad
15.6 sq mi
ZIP Area
3,002
Density / Sq Mi
$147,040
Median Household Income
$72,270
Median Earnings
$2,233
Median Rent
$458,100
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 building - This 2005-built office property is near Flower Mound Hospital, local shops, and restaurants.
Where is this office building located?
The property is located at 3605 Yucca Drive 201 Flower Mound, TX.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Class B office property built in 2005; Approximately half a mile from Flower Mound Hospital; Shops and restaurants within walking distance
