Medical Office Shell Building No. 2 in Little Elm, TX

Medical Office Shell Building No. 2 is a new single-story structure under development adjacent to E Eldorado Parkway in Little Elm, Texas. The project covers 5,860 square feet of space intended for future medical office tenants. The estimated construction cost is $900,000, which calculates to $154 per square foot. This specific build is part of a privately funded initiative on private land, registered with the Texas Department of Licensing and Regulation (TDLR) in March 2025.

The registered accessibility specialist for this filing is David S Drepaul, while Rashmi C Incorporated serves as the design firm of record. Virya Real Estate is listed as the owner and developer. The construction schedule outlined in the TDLR filing indicates a start date of August 2025, with a target completion date of August 2026. This scheduled build window spans 394 days, which is longer than the 219-day median for similar new construction projects in Denton County.

Project Context and Local Comparisons

This development fits within a broader pattern of shell building construction in the Little Elm area. Nearby registered projects include MCD Eldorado Pkwy and Retail/Restaurant Shell Building No. 1. The latter is also owned by Virya Real Estate and valued at $1,600,000. Rashmi C Incorporated has six other TDLR-registered projects across North Texas, with a combined value of $8,300,000. These projects span various locations including Forney, Sherman, Plano, and Fort Worth, indicating a consistent regional presence for the design firm.

In terms of financial metrics, the $900,000 estimated cost for this medical shell building is close to the county median for new construction filings. However, the cost per square foot of $154 is above the Denton County median of $121. The area itself, defined by ZIP code 75068, has a population of approximately 70,562 people according to U.S. Census estimates. The median household income in this area is $126,341, and the median owner-occupied home value is $386,300. These demographic factors provide context for the local market where this medical office space is being developed.

Despite the registration and scheduled timeline, the public record remains limited regarding active construction phases. Specifically, no plan review or inspection has been recorded since the initial registration. Therefore, it is not confirmed in the public record whether the project has proceeded to the physical construction stages or if the target completion date of August 2026 will be met. The status remains listed as Project Registered, reflecting the administrative filing rather than verified on-site activity.