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    550 E Eldorado Pkwy Little Elm, TX 75068
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    550 E Eldorado Pkwy, Little Elm, TX 75068

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    • Retail properties & Spaces
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    Retail Space Available For Lease
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    Retail Space Available

    Retail property for lease in Little Elm, Texas.

    550 E. Eldorado Pkwy., Little Elm, TX 75068
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    Property ID
    US83-2070119
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 550 E Eldorado Pkwy

    Property type
    Retail properties & Spaces
    Property subtype
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 8, 2020 — Lake Shore Plaza LLC — Deed · related $450k · Bancorpsouth
    Aug 16, 2018 — Lake Shore Plaza LLC — Deed · related $2.2M · Bancorpsouth

    Description

    Great Property!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Elm
    County
    Denton
    State
    Texas
    Longitude
    -96.972666
    Latitude
    33.154282

    Comparable in this City

    • 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
      41,370 SF

      New Retail Space Available

      New construction retail space available in a shopping center.
      2140 Oak Grove 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
    • Contact for pricing
      13,904 SF

      Retail Space on FM 423

      13,904 SF retail space for lease on FM 423.
      3112 Horizons Dr, Little Elm, TX 75068
      View Details
    • Contact for pricing
      5,185 SF

      Freestanding Retail Building on FM 423

      Freestanding retail building with easy access and visibility.
      2501 Fm 423, Frisco, TX 75068
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,120 SF

      Commercial Land Near Toll Bridge

      Commercial land with frontage on Eldorado Parkway, near Lake Lewisville.
      3885 W Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing
      35,520 SF

      Retail Property Near Major Anchors

      Retail property near HEB and upcoming Walmart.
      760 Gordon Hts Ln, Little Elm, TX 75068
      View Details
    • New
      Contact for pricing
      14,010 SF

      New Multi-Tenant Retail Center

      Newly built multi-tenant retail with four tenants and ample parking along a high-growth University Drive corridor.
      27052 East University Dr, Little Elm, TX 75068
      View Details
    • Contact for pricing
      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
      View Details
    • $900,000
      0.93 Acres

      Commercial Land with Metal Building

      Frontage-visible, multi-lot parcel near a major toll bridge, offering land value and an existing metal building.
      3885 W Eldorado Pkwy, Little Elm, TX 75068
      View Details
    • Contact for pricing
      11,602 SF

      Restaurant/Retail and Medical Space

      Restaurant/Retail and Medical space available for sale.
      1180 E Eldorado Pkwy, Little Elm, TX 75068
      View Details

    Similar Nearby for Lease

    • 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
      41,370 SF

      New Retail Space Available

      New construction retail space available in a shopping center.
      2140 Oak Grove 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
    • Contact for pricing
      13,904 SF

      Retail Space on FM 423

      13,904 SF retail space for lease on FM 423.
      3112 Horizons Dr, Little Elm, TX 75068
      View Details
    • Contact for pricing
      5,185 SF

      Freestanding Retail Building on FM 423

      Freestanding retail building with easy access and visibility.
      2501 Fm 423, Frisco, TX 75068
      View Details
    View Listing
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    Little Elm, 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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