Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Main Street Retail Opportunity Title is generated by Realmo AI

    331 E Main Street, Lewisville, TX 75057

    View on Map
    Claim this Listing
    For Sale
    $995,000

    Retail - Lewisville, TX

    Type:Retail
    Property size:
    3,272 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $304/SF
    Added:
    Feb 15, 2026
    Days on Market:
    90
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 331 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    R12351
    Size
    3,272 SF
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1965
    Flooring type
    Carpet, Concrete, Laminate
    Building materials
    Metal Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Sandra Flowers

    Listing agent Sandra Flowers License #0641045

    Listing office Fathom Realty, LLC 6841 Virginia Pkwy #103-448, McKinney, TX

    Listing date Feb 15, 2026

    MLS# 21180275 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

    • Two lots and three buildings (including HVAC‑equipped shop) sold together on Main Street.
    • Prime commercial location with high visibility at a busy intersection.
    • Zoned Old Town Mixed Use 2, suitable for various commercial uses (verify with city).
    • Includes buildings at both 331 and 325 E Main St, offering multiple rooms, kitchens, and bathrooms.
    • Close proximity to I‑35 E and Business 121 corridor.
    • Located near key Main Street events in Lewisville, benefiting from the city's growing population.

    Overview

    This commercial property on Main Street includes two lots and a third building equipped with HVAC. Located near key Main Street event locations, the property consists of 331 and 325 E Main Street, both featuring multiple rooms, kitchens, and bathrooms. The zoning is Old Town Mixed Use 2, which is suitable for various commercial uses; plans should be verified with city guidelines. Situated at a busy intersection, the site benefits from high visibility and Lewisville’s growing population. The existing classic home can be renovated or tailored to specific needs. The three buildings are being sold together: 331 E Main (1,090 square feet), 325 E Main (2,182 square feet), plus a metal shop with HVAC. The property is close to I-35 E and the Business 121 corridor. The total lot size is 0.362 acres.

    Financial Insights

    Value Estimation Calculated for Mixed Use

    Conservative
    $599.9K
    NOI $53,988 @ 9.00% cap · cautious / downside scenario
    Moderate
    $771.3K
    NOI $53,988 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.08M
    NOI $53,988 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Mixed Use

    Component $ $/SF
    Gross rent $98.2k $30.00
    − Vacancy −$11.8k −$3.60
    EGI $86.4k $26.40
    − OpEx −$32.4k −$9.90
    NOI $54.0k $16.50
    3,272 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%

    Alternative Use Scenarios

    Best Use
    Mixed Use
    $771.3K
    $674.9K – $899.8K (±1% cap)
    NOI $53,988 @ 7.0% cap · market cap 5.43%
    Second Best
    Retail
    $751.3K
    $657.4K – $876.6K (±1% cap)
    NOI $52,593 @ 7.0% cap · market cap 5.29%
    Theoretical Best
    Office A
    $1.09M
    $954.5K – $1.27M (±1% cap)
    NOI $76,361 @ 7.0% cap · market cap 7.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.990924
    Latitude
    33.046613

    Nearby Similar for Sale

    • $1,980,000
      9,200 SF

      Lewisville Industrial Flex Investment Property

      Fully leased industrial flex property in a prime Lewisville location.
      519 Bennett Lane, Lewisville, TX 75057
      View Details
    • $599,000
      1,560 SF

      Turn-Key Office Suite in Lewisville

      High-visibility office suite near Hwy 121 and I-35.
      2681 Macarthur Boulevard, Lewisville, TX 75067
      View Details
    • $1,100,000

      Turnkey Childcare Building in Lewisville

      9,400 SF building on 0.64 acres, multiple uses.
      662 S Edmonds Lane, Lewisville, TX 75067
      View Details
    • $1,199,995

      High-Visibility Automotive Retail Location

      Prime location for automotive retail with excellent highway frontage.
      1506 S State Highway 121, Lewisville, TX 75067
      View Details
    • $1,990,000

      Lewisville Commercial Property For Sale

      Versatile commercial property with retail, office, and service use potential.
      2345 State Highway 121, Lewisville, TX 75056
      View Details
    • $419,900

      Luxury Office Building in Lewisville

      Move-in ready office space ideal for medical or professional use.
      870 HEBRON Parkway, Lewisville, TX 75057
      View Details
    • $2,900,000

      Lewisville, TX Business Opportunity

      Real estate and business for sale in Lewisville, Texas.
      2561 Macarthur Boulevard, Lewisville, TX 75067
      View Details
    • $125,000
      3,500 SF

      Profitable Restaurant Business Opportunity

      Established restaurant business for sale in prime Lewisville location.
      500 E Round Road, Lewisville, TX 75067
      View Details
    • $1,500,000

      Luxury Office Condos in Lewisville

      Boutique office condos in a rapidly evolving mixed-use corridor.
      0 E I-35 Drive, Lewisville, TX 75067
      View Details
    • $1,295,000

      Multi-Tenant Office Building in Lewisville

      Multi-tenant office property near Old Town Lewisville, offering consistent rental income.
      915-921 N Mill Street, Lewisville, TX 75057
      View Details
    • $879,800

      Lewisville Duplex Office For Sale

      Duplex office suites available for purchase in Lewisville, Texas.
      2785 Rockbrook Drive, Lewisville, TX 75067
      View Details
    • $380,000
      1,200 SF

      Modern Office Condo For Sale

      Modern, remodeled 1,200 sq. ft. office condo in Lewisville.
      860 Hebron Parkway 303, Lewisville, TX 75057
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime commercial property with multiple buildings in Lewisville, Texas.
    Where is this retail property located?
    The property is located at 331 E Main Street Lewisville, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Two lots and three buildings (including HVAC‑equipped shop) sold together on Main Street.; **Prime commercial location with high visibility at a busy intersection.**; Zoned Old Town Mixed Use 2, suitable for various commercial uses (verify with city).
    (888) 455-6040
    We can help!
    Listing Contact
    Sandra Flowers
    Real Estate License ID: 0641045
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    331 E Main Street, Lewisville, TX 75057
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!