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    27710 University Dr Little Elm, TX 75068

    For Sale
    Contact for pricing

    4.01 Acres, Hotel & Retail Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 4.01-acre commercial land parcel in Prosper, Texas, presents a unique investment opportunity. Zoned for hotel development, it also offers potential for a retail strip, perfectly positioned to capitalize on the significant traffic generated by a nearby Costco, one of the nation's highest-volume retailers. The site is strategically located within a thriving community, surrounded by affluent neighborhoods experiencing rapid growth. Adding to its appeal, the property is situated near a substantial multi-family residential development (250 units planned), Cook Children's North Campus (101 beds), and St. Martin de Porres Catholic Church (1,400-1,500 Sunday Mass attendees). Its proximity to a major mixed-use development (600 acres, anchored by the PGA of America Headquarters and an 800-key Omni Hotel, less than 4 miles away) further enhances its desirability and potential for high returns. The address is 27710 E University Dr, Prosper, TX 75068. This prime location offers unparalleled access to a robust and expanding market, making it an ideal site for a hotel and complementary retail development. Detailed information and pricing are available upon request.

    Property Features for 27710 University Dr

    General Information

    Property type
    Land
    Lot Size
    174,676 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Skin Care Clinic Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.8935817
    Latitude
    33.2186439

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    FAQs

    What type of property is this?
    Land - 4.01 Acres, Hotel & Retail Potential
    Where is this land located?
    The property is located at 27710 University Dr Little Elm, TX.
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    27710 University Dr Little Elm, TX 75068
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