Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2216 Long Pr Rd Flower Mound, TX 75022-4831

    • Commercial real estate
    • 2,975 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1957756
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2216 Long Pr Rd

    Year built
    1997
    Construction
    STEEL FRAME
    Lot size
    0.63 lot acres
    Property size
    2,975 SF
    Property type
    Commercial real estate
    APN
    R190009
    APU
    R190009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Flower Mound
    County
    Denton
    State
    Texas
    Longitude
    -97.0702
    Latitude
    33.0168
    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
    $12,529
    $414,255
    $309,507
    $723,762
    -
    $414,255
    $309,507
    $723,762

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      Bruton Orand Blvd

      COMMERCIAL (GENERAL) • 2.00 Acres
      Bruton Orand Blvd, Flower Mound, TX 75022
      View Details
    • Value Estimation by Request
      0.18 Acres

      Flower Mound, TX 75022

      COMMERCIAL (GENERAL) • 0.18 Acres
      Flower Mound, TX 75022
      View Details
    • Value Estimation
      $675,000
      14,003 SF

      2750 Churchill Dr

      COMMERCIAL (GENERAL) • 14,003 SF
      2750 Churchill Dr, Flower Mound, TX 75022-2762
      View Details
    • Value Estimation
      $610,000
      2,204 SF

      4500 Murrell Park Rd

      COMMERCIAL (GENERAL) • 2,204 SF
      4500 Murrell Park Rd, Flower Mound, TX 75022-4376
      View Details
    • Value Estimation
      $1,955,000
      55,288 SF

      3100 Peters Colony Rd

      COMMERCIAL (GENERAL) • 55,288 SF
      3100 Peters Colony Rd, Flower Mound, TX 75022-2949
      View Details
    • Value Estimation
      $585,000
      16,274 SF

      3624 Long Pr Rd

      COMMERCIAL (GENERAL) • 16,274 SF
      3624 Long Pr Rd, Flower Mound, TX 75022-2954
      View Details

    Similar Nearby for Sale

    • $1,350,000
      5.38 Acres

      Prime Lewisville Land - 5.38 Acres

      5.38 Acres Residential Land, Flower Mound
      2929 Sagebrush Dr, Lewisville, TX 75022
      View Details
    • $1,350,000
      5.39 Acres

      Flower Mound Estate Land

      5.39 Acres, Prime Location
      2929 Sagebrush Dr, Lewisville, TX 75022
      View Details
    • $11,995,000
      44.55 Acres

      Flower Mound 44-Acre Pastureland Opportunity

      44-acre pastureland in Flower Mound, Texas, for sale.
      5200 Cross Timbers Rd, Flower Mound, TX 75022
      View Details
    • $2,165,000
      5.39 Acres

      Expansive Land in Flower Mound

      5.39-acre lot in Flower Mound near Lake Grapevine.
      1 Fm 1171, Flower Mound, TX 75022
      View Details
    • Contact for pricing

      Cosmic Education Corporate Net Lease

      Corporate net lease with 12+ years remaining and annual increases.
      2501 Simmons Rd, Flower Mound, TX 75022
      View Details
    • $2,385,000
      5.95 Acres

      Expansive Land in Flower Mound

      5.95-acre lot in Flower Mound near Lake Grapevine.
      2 Fm 1171, Flower Mound, TX 75022
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,006 SF

      Flower Mound Office Space Available

      Prominent office space in Flower Mound, Texas for lease.
      3101 Churchill Dr, Flower Mound, TX 75022
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space in Silveron Park

      Highly visible retail space in affluent Flower Mound market.
      451 Long Prairie Rd, Flower Mound, TX 75022
      View Details
    • $21 SF/Yr
      17,564 SF

      Flower Mound Office Space for Lease

      Modern Office Suites, 2,025-2,430 SF Available
      3370 Long Prairie Rd, Flower Mound, TX 75022
      View Details
    • Contact for pricing
      2,011 SF

      Retail Space in Flower Mound

      2011 sq ft retail space available for rent.
      3501 Long Prairie Rd, Flower Mound, TX 75022
      View Details
    • $28 SF/Yr
      22,253 SF

      Remington Place Office Suites

      Flower Mound, TX Office Space Available
      2840 Flower Mound Rd, Flower Mound, TX 75022
      View Details
    • $18 SF/Yr
      1,050 SF

      Flower Mound Office Space Available

      Office space for rent in Flower Mound, Texas.
      3208 Long Prairie Rd, Flower Mound, TX 75022
      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.
    2216 Long Pr Rd
    Flower Mound, TX 75022-4831
    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.