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$418,500

2601 Little Elm Pkwy Ste 1201, TX, 75068

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths1,225 Sq Ft
OfficeOffice
Year BuiltBuilt in 2020

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size8.82 acres

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces290

Land Information

APNR775973
SubdivisionElm Ridge Office Condominiums
Land UseCommercial
Legal DescriptionELM RIDGE OFFICE CONDOMINIUMS BLD 12 UNT 1201 PLUS 1.1364 % INT IN COM AREA
Census Tract020112
Assessed Land Value$65,698
Assessed Improvement Value$367,877
Assessment Year2025

About this property

INCOME GENERATING OFFICE BUILDING. Excellent location in Little Elm. At FM 423 FM 720 intersection. Walking distance to Hat Creek Burgers and Kroger. Very popular office complex with good flow of customers throughout the day . Ample of parking . This commercial property boasts a beautiful exterior design with a combination of stone and stucco, along with quality features like commercial carpeting, hardwood flooring, and ceramic tiles. Suitable for many businesses, medical use, coaching classes , spa. IT consultancy businesses. Corner unit with most common areas with laminate floors or tiles . Plenty of windows provide natural light. If you wish the tenant will vacate. Move in ready so you can start your business right away.

Investor Tools

$332,636Estimated Mortgage Balance
$100,939Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,601 /month
Positive
Cash Flow Estimate:
$867 /month

Interested in this property?

Vipul Raval

MAXWORTH REAL ESTATE GROUP LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$912/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,781
$433,575
2025
$65,698
$367,877
$433,575
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,781
$433,575

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hancock Whitney Bank
Open End Mortgage / Open End With Future Advance Clause
$352,000
No
First
May 1, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$332,636
$100,939
23%
77%
$2,111/mo

City: Little Elm

2601 Little Elm Pkwy Ste 1201 | Property Details | No Agent List