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Property profile & analytics
OFF-MARKET
Land

2956 Farm To Market Rd Little Elm, TX 75068

Property ID
Property summary
AI-generated overview

This exceptional 2.41-acre commercial land parcel presents a prime development opportunity in the thriving town of Little Elm, Texas, situated in Denton County. Located at 2956 Farm to Market Rd 720, zip code 75068, this single-tenant property boasts an enviable location directly behind a newly constructed McDonald's and a bustling multi-tenant strip center anchored by Starbucks, 7-Eleven, CVS, and Dunkin' Donuts. The site benefits from exceptional visibility and accessibility, with impressive traffic counts of 34,739 vehicles per day (VPD) on FM 720 and 9,694 VPD on McCormick Road. This permit-ready lot comes complete with approved architectural plans for a Montessori school, showcasing its versatility and potential for various uses. The property's strong location is further enhanced by its proximity to established residential communities like Wild Ridge and Woodridge Estates, contributing to a robust demographic profile within a 5-mile radius encompassing 132,629 residents and an average household income of $128,411. The seller is open to build-to-suit options, making this an ideal investment for businesses seeking to establish a presence in this rapidly growing area. This property is well-suited for retail, office, or medical uses, offering flexible leasing options to accommodate diverse business needs.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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