Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11851 Fm 423 Little Elm, TX 75068-6702

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11851 Fm 423 Little Elm, TX 75068-6702

    View on Map
    • Commercial real estate
    • 8,976 SF
    • 1.02 lot acres
    Off-Market
    Property ID
    US83-1855198
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,215,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 11851 Fm 423

    Year built
    2016
    Lot size
    1.02 lot acres
    Property size
    8,976 SF
    Property type
    Commercial real estate
    APN
    R530219
    APU
    R530219

    Description

    This exceptional 10,000-square-foot retail center is situated on a 1.43-acre lot at the northeast corner of FM 423 and Panther Creek Parkway in Little Elm, Texas, zip code 75068. The property boasts a highly visible location, fronting FM 423, ensuring maximum exposure for your business. Built in 2025, this single-story building offers multiple tenancy options, with spaces ranging from a minimum of 1,500 square feet up to the entire 10,000 square feet. The center provides ample parking with 52 spaces available for customers and employees. Located in Denton County, this property presents a unique opportunity for businesses seeking a prominent location in a thriving area. The address is 11851 FM 423, Little Elm, TX. This is a brand-new, modern retail space ready for immediate occupancy. The convenient location offers easy access to major thoroughfares and a growing residential population. The property's size and layout offer flexibility for a variety of retail uses. Don't miss this chance to secure a prime retail space in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,311,000
      Market price range: $480k - $1.36M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $890,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.8862
    Latitude
    33.1934
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,359
    $802,114
    $1,937,871
    $2,739,985
    -
    $802,114
    $1,937,871
    $2,739,985

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      2045 Fm 423

      Retail properties & Spaces • 12,000 SF
      2045 Fm 423, Little Elm, TX 75068
      View Details
    • Value Estimation by Request
      2.35 Acres

      Sec Us 380 & Samsonite St

      Land • 102,366 SF
      0 Sec Us 380 & Samsonite St, Aubrey, TX 75068
      View Details
    • Value Estimation by Request
      0.98 Acres

      Fm 720

      Land • 0.98 Acres
      0 Fm 720, Oak Point, TX 75068
      View Details
    • Value Estimation by Request
      0.16 Acres

      Little Elm, TX 75068

      COMMERCIAL (GENERAL) • 0.16 Acres
      Little Elm, TX 75068
      View Details
    • Value Estimation by Request
      5.06 Acres

      Lakefront Dr

      COMMERCIAL (GENERAL) • 5.06 Acres
      Lakefront Dr, Little Elm, TX 75068
      View Details
    • Value Estimation by Request
      10.00 Acres

      Oak Grv Ln

      COMMERCIAL (GENERAL) • 10.00 Acres
      Oak Grv Ln, Little Elm, TX 75068
      View Details

    Similar Nearby for Sale

    • $795,000
      1.16 Acres

      One-Acre Homesites Near Lake Lewisville

      Exclusive one-acre homesites in Oak Point, near Lake Lewisville.
      431 Sanctuary Pt, Oak Point, TX 75068
      View Details
    • $425,000
      1,250 SF

      Elm Ridge Office Investment

      1,250 SF office condo in Little Elm, Texas.
      2601 Little Elm Pkwy, Little Elm, TX 75068
      View Details
    • $499,999
      0.30 Acres

      Little Elm Lakefront Land Opportunity

      Rare lakefront lot suitable for building a custom home.
      1116 Loneta Ln, Little Elm, TX 75068
      View Details
    • $900,000
      0.93 Acres

      Eldorado Parkway Commercial Land

      Commercial land with frontage on Eldorado Parkway near Lake Lewisville.
      3885 W Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • $549,000
      0.40 Acres

      Lakefront Land in Little Elm

      Waterfront land with lake access and open-water views.
      1505 Hillcrest Dr, Little Elm, TX 75068
      View Details
    • $625,000
      1.00 Acre

      One Acre Lake Access Lot

      One acre lot with private lake access in Oak Point.
      322 Arbor Cv Ln, Oak Point, TX 75068
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Little Elm Retail Center Space

      Multi-tenant retail center in high-growth Little Elm, Texas.
      800 W Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing
      8,750 SF

      Retail Center at FM 423

      New retail center at FM 423 and Panther Creek.
      11909 Fm 423, Little Elm, TX 75068
      View Details
    • Contact for pricing
      1,350 SF

      New Mixed-Use Development Available

      Upscale professional, medical, retail, and restaurant spaces available Fall 2025.
      2135 Oak Grove Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing

      Retail Space in Established Plaza

      Retail space in a busy plaza with strong traffic drivers.
      1000 W Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,435 to 2,397 SqFt.
      407 W Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing

      New Construction Opportunity in Little Elm

      New construction retail/office space in a high-growth Little Elm location.
      2045 Fm 423, Little Elm, TX 75068
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11851 Fm 423
    Little Elm, TX 75068-6702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!