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    Oak Grove Pkwy Little Elm, TX 75068

    For Sale
    Contact for pricing

    11.72 Acres, High Visibility, Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 11.72-acre commercial land parcel presents a remarkable investment opportunity in Little Elm, Texas. Strategically located on Oak Grove Parkway (FM 720), this property boasts approximately 425 feet of frontage, ensuring high visibility and accessibility. Its prime location at the intersection of Eldorado Parkway and Oak Grove Parkway guarantees significant exposure to substantial traffic volume. The property is zoned for commercial use under zoning designation 6-Commercial, opening doors to a variety of development possibilities. Preliminary analysis suggests potential for patio homes or townhomes, with a density ranging from 6 to 10 units per acre. This translates to a significant potential for development and return on investment. The property's size and location make it an ideal candidate for a variety of commercial ventures, catering to the growing needs of the Little Elm community. Situated in Denton County, Texas, with a zip code of 75068, this land parcel offers unparalleled potential for developers seeking a high-impact location with excellent visibility and accessibility. The coordinates are 33.1663542 latitude and -96.9720776 longitude. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Texas market.

    Property Features for 0 Oak Grove Pkwy

    General Information

    Property type
    Land
    Lot Size
    510,523 SF

    HighLights

    • 11.72‑acre commercial land parcel in Little Elm, TX.
    • 425 feet of frontage on Oak Grove Parkway (FM 720), high visibility.
    • Prime location at Eldorado Parkway and Oak Grove Parkway intersection, high traffic volume.
    • Zoned Commercial (6‑Commercial), suitable for various developments.
    • Potential for 6‑10 units per acre (patio homes or townhomes).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.9720776
    Latitude
    33.1663542

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    FAQs

    What type of property is this?
    Land - 11.72 Acres, High Visibility, Commercial Zoning
    Where is this land located?
    The property is located at Oak Grove Pkwy Little Elm, TX.
    What are key features of this property?
    This property features: 11.72-acre commercial land parcel in Little Elm, TX.; 425 feet of frontage on Oak Grove Parkway (FM 720), high visibility.; Prime location at Eldorado Parkway and Oak Grove Parkway intersection, high traffic volume.
    (214) 566-9052
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    Oak Grove Pkwy Little Elm, TX 75068
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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
    Oak Grove Pkwy Little Elm, TX 75068
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