Medical Office Suite with Corner
For Sale
$415,000
701-2601 Little Elm Pkwy, Little Elm, TX 75068
A finished professional suite includes private offices, a conference area, a breakroom, and a dedicated restroom.
Property Size1,225 SF
Price / SF$338.78
Days on Market8
Property Features for 701-2601 Little Elm Pkwy
General Information
Standard status
Active
Size
1,225 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,503
Listing Agency:
KV Square Realty
Listed By:
Rakesh Ravela
(682) 593-9362
Source:
Exprealty
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 6 at 2:34AM
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-square-foot medical office condo with a reception area, multiple private offices, and a private restroom. The layout also includes a conference room or flexible office enclosed by double glass or French doors, plus a breakroom with cabinetry and countertops. Natural light enters the corner unit, which is located in Elm Ridge Office Park.
The property sits at the intersection of Little Elm Parkway and FM 423, beside Kroger. It is near residential and retail development, with access to FM 423, Eldorado Parkway, Highway 121, and the Dallas North Tollway. The suite is on the boundary of Little Elm and West Frisco.
The property sits at the intersection of Little Elm Parkway and FM 423, beside Kroger. It is near residential and retail development, with access to FM 423, Eldorado Parkway, Highway 121, and the Dallas North Tollway. The suite is on the boundary of Little Elm and West Frisco.
Key Highlights
- Approximately 1,225 SF of built‑out office space
- Corner unit in Elm Ridge Office Park
- Reception area, multiple private offices, and private restroom
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
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Livewell Animal Hospital of Little Elm — 1931 FM 423 STE 100, Little Elm, TX 75034
- Banfield Pet Hospital — 2681 Little Elm Pkwy, Little Elm, TX 75068
- Lauren Heathcock - Healthy Paws Veterinary Center — 2401 FM 423, Little Elm, TX 75068
- Casey Cole - Healthy Paws Veterinary Center — 2401 FM 423, Little Elm, TX 75068
- Healthy Paws Veterinary Center — 2401 FM 423, Little Elm, TX 75068
Frequently Asked Questions
What type of property is this?
Medical Office Space - A finished professional suite includes private offices, a conference area, a breakroom, and a dedicated restroom.
Where is this medical office space located?
The property is located at 701-2601 Little Elm Pkwy 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: Approximately 1,225 SF of built‑out office space; Corner unit in Elm Ridge Office Park; Reception area, multiple private offices, and private restroom
