331 E Main Street Lewisville, TX 75057
SINGLE_FAMILY - Lewisville, TX
- Added:
- Feb 16, 2026
- Days on Market:
- 148
- Last Refresh:
- Jul 14 at 10:06 am
Property Features for 331 E Main Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- R12351
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Description
- KEALY ADDN BLK 11 LOT 9,10(E10')
- Tax Annual Amount
- 5124
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Laminate, Concrete
- Building materials
- MetalSiding, WoodSiding
- Roof type
- Composition
Listing agent Sandra Flowers License #0641045 (469) 231-8088
Listing office Fathom Realty, LLC McKinney, TX (888) 455-6040
Listing date Feb 16, 2026
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.
Investment Insights
Based on property information with market context.
The buildings are located on Main Street at a busy intersection noted for strong visibility. The seller describes the area as benefiting from Lewisville’s growing population and references proximity to the I-35 E and Business 121 corridor. Zoning for the properties is Old Town Mixed Use 2, and buyers are encouraged to verify plans and allowable uses with city guidelines, with zoning documents available through the transaction desk.
From a tenant or owner-user perspective, the combination of multiple interior spaces, existing kitchen and bathroom infrastructure, and an HVAC-equipped shop supports a range of commercial concepts consistent with mixed-use zoning. Buyers looking for redevelopment flexibility or a multi-structure campus effect should find the three-building package useful, with the final operating plan subject to city approvals and confirmed requirements.
Key Highlights
- Two addresses sold together: 331 E Main St and 325 E Main St, Lewisville, plus an additional metal HVAC‑equipped shop building
- Three buildings total: 331 E Main (1,090 SF) and 325 E Main (2,182 SF), sold together
- Old Town Mixed Use 2 zoning for 331 and 325 E Main St; suitable for various commercial uses—verify plans with city guidelines
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.9k | $24.12 |
| − Vacancy | −$3.8k | −$1.16 |
| EGI | $75.1k | $22.96 |
| − OpEx | −$22.5k | −$6.89 |
| NOI | $52.6k | $16.07 |
