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    Tbd Eldorado Pkwy Frisco, TX 75068

    • Land
    • 9.39 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Eldorado Pkwy

    Lot size
    9.39 lot acres
    Property type
    Land

    Description

    This exceptional 9.39-acre tract presents a remarkable opportunity for residential development in the thriving Little Elm area, Denton County, Texas. Located on TBD Eldorado Pkwy, zip code 75068, this semi-flat land boasts convenient access to major thoroughfares and offers multiple points of ingress and egress, ensuring ease of development and future accessibility. The property is situated within the highly sought-after Little Elm Independent School District, a key factor for families seeking new homes. The land is zoned for single-family or mixed residential use, aligning with the future land use plan. Its strategic location places it within a mile of Little Elm Beach and boat ramp, capitalizing on the area's recreational appeal. The recent opening of Lakeside Shops nearby further enhances the property's desirability and provides immediate access to retail amenities. City water and storm utilities are readily available. The asking price is $8.00 per square foot, making this a compelling investment in a high-traffic corridor experiencing significant growth. Proximity to schools and retail centers within a 1-3 mile radius adds to the property's overall value and appeal, making it an ideal location for a variety of residential projects. This is a rare opportunity to acquire a substantial land parcel in a prime location with excellent potential for future development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frisco
    County
    Denton
    State
    Texas
    Longitude
    -96.8807
    Latitude
    33.1783

    Comparable in this City

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      380 & Un Park Blvd

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      25,900 SF

      27100 Us-380

      Individual retail properties • 25,900 SF
      27100 Us-380, Little Elm, TX 75068
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    • Value Estimation by Request
      1.92 Acres

      Sec - Eldorado Pkwy & Fm 720

      Land • 1.92 Acres
      0 Sec - Eldorado Pkwy & Fm 720, Frisco, TX 75068
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      2.56 Acres

      Eldorado Pkwy

      Land • 2.56 Acres
      0 Eldorado Pkwy, Little Elm, TX 75068
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    • Value Estimation by Request
      2.00 Acres

      Eldorado Pkwy

      Land • 2.00 Acres
      0 Eldorado Pkwy, Little Elm, TX 75068
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      3.09 Acres

      1807 Oak Grove Pkwy

      Land • 3.09 Acres
      1807 Oak Grove Pkwy, Little Elm, TX 75068
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    Similar Nearby for Sale

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      3.09 Acres

      Prime Little Elm Commercial Land

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      1.84 Acres

      Eldorado Parkway Commercial Land

      Prime 1.84-acre Mixed-Use Lot
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    • $1,600,000
      4.50 Acres

      Land For Sale in Little Elm

      4.5 acres of unimproved land in Little Elm, Texas.
      00 Oak Grove Pkwy, Little Elm, TX 75068
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    • $777,000
      1.56 Acres

      Water View Land in Little Elm

      1.56 acres of undeveloped land with water views.
      0000 Izzy Ln, Little Elm, TX 75068
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    • $907,965
      3.09 Acres

      Little Elm Commercial Land - $907,965

      Prime 3-acre commercial lot, high visibility.
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      1.25 Acres

      Little Elm Commercial Land

      1.25 Acres, Prime Location, High Traffic
      2059 Fm 423, Little Elm, TX 75068
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    Similar Nearby for Lease

    • Contact for pricing

      Pad Site Available

      Individual retail properties • 1.17 Acres
      0 Eldorado Pkwy & FM 720, Little Elm, TX 75068
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      104,980 SF

      Prime Little Elm Commercial Land

      2.41-Acre Lot, High Traffic Area
      2956 Farm To Market Rd 720, Little Elm, TX 75068
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      10,000 SF

      Lakeshore Plaza Retail Space Available

      Prime Denton County retail space, flexible sizes.
      550 Eldorado Pkwy, Little Elm, TX 75068
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      19,400 SF

      Shops at Lakefront: Denton Retail Space

      Prime Denton retail space, flexible sizes available.
      2009 Fm 720, Little Elm, TX 75068
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      2,500 SF

      Retail Space in Little Elm

      Retail space available for lease in Little Elm, Texas.
      1104 W Eldorado Pkwy, Little Elm, TX 75068
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    • Contact for pricing
      2,325 SF

      Retail Space Near Major Retailers

      Retail space with drive-thru potential near Little Elm Marketplace.
      2221 Fm 423, Little Elm, TX 75068
      View Details
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    Tbd Eldorado Pkwy
    Frisco, TX 75068
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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