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

    3370 Long Prairie Rd Flower Mound, TX 75022

    • Office Properties & Spaces
    • 16,785 SF
    • 4.76 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    $665,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1682239
    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

    • Office Properties & Spaces

    Property Details for 3370 Long Prairie Rd

    Year built
    2017
    Lot size
    4.76 lot acres
    Property size
    16,785 SF
    Property type
    Office Properties & Spaces
    APN
    R698758
    APU
    R698758

    Description

    This exceptional Flower Mound, Texas office property at 3370-3434 Long Prairie Rd offers multiple suites for lease in a modern, 17,564 square foot building constructed in 2017. Two immediately available spaces range from 2,025 to 2,430 contiguous square feet, with a total of 4,455 square feet currently vacant. The building is categorized as a traditional office space and is ideally suited for businesses seeking a convenient and accessible location. The property boasts a prime location in Flower Mound, offering easy access via Yucca Drive, FM 2499, and Churchill Drive. Its strategic placement provides employees with convenient access to a variety of nearby retail and dining options, enhancing the overall work experience. The building's proximity to DFW Airport further adds to its appeal for businesses requiring easy access to air travel. This second-generation office space presents a fantastic opportunity for companies seeking a well-maintained, modern workspace in a thriving Texas community. The zip code is 75022.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $665,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Flower Mound
    County
    Denton
    State
    Texas
    Longitude
    -97.0706
    Latitude
    33.0315
    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
    $36,101
    $285,308
    $1,944,692
    $2,230,000
    -
    $285,308
    $1,944,692
    $2,230,000

    Comparable in this City

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      $675,000
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      3434 Long Pr Rd, Unit 3

      CONDOMINIUM OFFICES • 14,109 SF
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      View Details
    • Value Estimation by Request
      20,000 SF

      870 International Pkwy

      Office Properties & Spaces • 20,000 SF
      870 International Pkwy, Flower Mound, TX 75022
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      7,500 SF

      3200 Long Prairie Rd

      Office Properties & Spaces • 7,500 SF
      3200 Long Prairie Rd, Flower Mound, TX 75022
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    • Value Estimation by Request
      0.39 Acres

      Moonlight Bay

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      0.53 Acres

      4132 Ridgecrest Dr

      VACANT COMMERCIAL LAND • 0.53 Acres
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      0.17 Acres

      9222 Shawnee Trl

      VACANT COMMERCIAL LAND • 0.17 Acres
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    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $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
      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
    • $19 SF/Yr
      3,227 SF

      Professional Building Near FM 2499

      One-story office building with easy access to surrounding communities.
      3051 Churchill Dr, Flower Mound, TX 75022
      View Details
    • $28 SF/Yr
      22,253 SF

      Remington Place Office Suites

      Flower Mound, TX Office Space Available
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      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
    • $1,675 /Mo
      813 SF

      Flower Mound Professional Office Space

      Professional office space with excellent visibility and convenient access.
      2900 Long Prairie Rd, Flower Mound, TX 75022
      View Details
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    Flower Mound, TX 75022
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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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