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    Prime Frontage Flex Showroom Space Title is generated by Realmo AI

    2601 State Highway 121, Lewisville, TX 75056

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    New
    For Lease
    $19 SF/Yr

    Industrial - Lewisville, TX

    Type:Industrial
    Lot size:
    7.66 Acres
    Added:
    May 25, 2026
    Days on Market:
    7
    Last Refresh:
    May 31 at 7:06 pm

    Property Features for 2601 State Highway 121

    General Information

    Property type
    Other
    Property subtype
    Industrial
    Parking features
    Assigned, Garage
    Standard status
    Active
    APN
    R1015710
    Lot size
    7.66 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2024
    Flooring type
    Concrete, Vinyl
    Building materials
    Fiberglass Siding, Frame, Glass, Steel Siding, Unknown
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Lilu David

    Listing agent Lilu David License #0691855

    Listing office Beam Real Estate, LLC 14455 Webb Chapel Rd., Farmers Branch, TX

    Listing date May 25, 2026

    MLS# 21279691 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime frontage on highly trafficked State Highway 121.
    • Excellent accessibility to Sam Rayburn Tollway, I‑35E, and Dallas North Tollway.
    • Versatile layout suitable for a wide range of uses.
    • Located in a high‑growth commercial corridor.
    • Ample on‑site parking for employees and customers.
    • Professional storefront presence with strong visibility and signage opportunities.

    Overview

    This property offers a modern flex showroom space situated in a high-growth commercial corridor with prime frontage along State Highway 121. Its versatile layout is suitable for a variety of uses, including office, showroom, studio, medical, wellness, retail, and light industrial purposes. The location provides excellent accessibility to the Sam Rayburn Tollway, I-35E, and Dallas North Tollway. The property features a professional storefront presence, offering strong visibility and signage opportunities, along with ample on-site parking for both employees and customers. It is conveniently located with access to Lewisville, Frisco, Plano, The Colony, and surrounding Dallas-Fort Worth markets. The surrounding area features dense residential growth and is near major retail, dining, and entertainment amenities. The functional flex configuration is ideal for owner-users or tenants. Located within an established commercial development with strong neighboring businesses, the property is in a high-demand trade area experiencing continued commercial and residential expansion. Potential business uses include professional services, e-commerce, a contractor office, a creative studio, or specialty retail. The property is situated on a 7.662-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    PDS Central Big Box & Wholesale Store SRK IT GROUP Consultant Prime Flex Spaces Architecture Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Flat Iron Grill — 4300 Main St #700, The Colony, TX 75056
    • Chef Puga Catering — 4709 State Hwy 121, The Colony, TX 75056
    • Flatrock Smokehouse BBQ Restaurant & Catering — 4900 Main St, The Colony, TX 75056

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.912392
    Latitude
    33.055799

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    FAQs

    What type of property is this?
    Flex space - Modern flex space in high-growth area near major highways.
    Where is this flex space located?
    The property is located at 2601 State Highway 121 Lewisville, TX.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prime frontage on highly trafficked State Highway 121.; Excellent accessibility to Sam Rayburn Tollway, I‑35E, and Dallas North Tollway.; Versatile layout suitable for a wide range of uses.
    (972) 484-6644
    We can help!
    Listing Contact
    Lilu David
    Real Estate License ID: 0691855
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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.

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