Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    520 Ballard Avenue Wylie, TX 75098

    View on Map
    For Lease
    $3,000 /Mo

    Business - Wylie, TX

    Type:Business
    Lot size:
    0.86 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 31 at 6:06 pm

    Property Features for 520 Ballard Avenue

    General Information

    Property type
    Other
    Property subtype
    Business
    Standard status
    Active
    APN
    R692000103601
    Lot size
    0.86 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1970
    Flooring type
    Brick, Tile
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Maria Cantu

    Listing agent Maria Cantu License #0832752

    Listing office Encore Fine Properties 817 N. Ware Road, Mcallen, TX

    Listing date Mar 23, 2026

    MLS# 20949518 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.

    Overview

    Commercial Office Space in Wylie, TX

    This commercial office space, located just off Ballard Street and near old downtown Wylie, TX, is suitable for various business ventures. The location is ideal for entrepreneurs. The space is available for lease terms ranging from 12 months to 12 years. The lot size is 0.86 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Wylie
    County
    Collin
    State
    Texas
    Longitude
    -96.5381439
    Latitude
    33.0222782

    Nearby Similar for Lease

    • Contact for pricing

      Flexible Commercial Suite in Wylie

      Functional commercial suite with quick highway access and expansion options.
      3971 Skyview Court, Wylie, TX 75098
      View Details
    • Contact for pricing

      Professional Office Suite in Wylie

      Move-in special! Professional office suite in Wylie, TX for rent.
      611 S Highway 78, Wylie, TX 75098
      View Details
    • Contact for pricing

      Wylie Business Park Flex Space

      Flex suites available in thriving Wylie Business Park. No triple net!
      3332 N Highway 78, Wylie, TX 75098
      View Details
    • Contact for pricing

      Converted Office Space in Wylie

      Professional office space in Wylie, converted from a residence.
      207 Masters Avenue, Wylie, TX 75098
      View Details
    • $23/mo

      Retail Space in Wylie, Texas

      Retail space available for lease in Wylie, Texas.
      701 N Highway 78, Wylie, TX 75098
      View Details
    • $13/mo

      New Industrial Flex Space Available

      Modern industrial flex space with convenient highway access in Wylie.
      1604 Martinez Lane, Wylie, TX 75098
      View Details
    • Contact for pricing

      Wylie Warehouse with Air Conditioned Space

      Spacious warehouse with air conditioned space, ideal for business uses.
      3550 Whiteley Road, Wylie, TX 75098
      View Details
    • Contact for pricing

      Wylie Warehouse with Office Space

      Warehouse with office space available for lease in Wylie, TX.
      31 Steel Road, Wylie, TX 75098
      View Details
    • Contact for pricing

      Prime Dealership Location, No City Zoning

      High-traffic location, no city oversight, and a turnkey setup.
      2725 Aztec Trail, Wylie, TX 75098
      View Details
    • Contact for pricing

      Prime Dealership Location, Wylie, TX

      High-traffic location with no city oversight, turnkey setup for car dealership.
      2725 Aztec Trail, Wylie, TX 75098
      View Details
    • Contact for pricing

      Retail Space in Wylie, Texas

      New retail and restaurant spaces available in Wylie, Texas.
      1451 S Ballard Ave, Wylie, TX
      View Details
    • $23/mo

      Retail Space on Highway 78

      Retail space available on Highway 78 in Wylie, Texas.
      501-503 N Hwy 78, Wylie, TX
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile commercial office space suitable for various business ventures.
    Where is this office units located?
    The property is located at 520 Ballard Avenue Wylie, TX.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: Reduced Price; Convenient location near Ballard Street and old downtown Wylie; Flexible lease terms: Choose from 12 months to 12 years
    (956) 821-6170
    We can help!
    Listing Contact
    Maria Cantu
    Real Estate License ID: 0832752
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!