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    582 Benjamins Way Lewisville, TX 75057

    Sponsored
    For Lease
    $14 SF/Yr

    Industrial - Lewisville, TX

    Type:Industrial
    Property size:
    11,100 SF
    Lot size:
    0.82 Acres
    Days on Market:
    15
    Last Refresh:
    Feb 6 at 6:06 am

    Property Features for 582 Benjamins Way

    General Information

    Property type
    Other
    Property subtype
    Industrial
    Standard status
    Active
    APN
    R122089
    Parking features
    Parking Lot
    Size
    11,100 SF
    Lot size
    0.82 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air, Electric, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    1987
    Flooring type
    Concrete, Tile, Tile - Ceramic
    Roof type
    Flat, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Brenda Latham

    Repeat Realty, LLC (972) 966-6683

    Listing agent Brenda Latham (972) 966-6683 License #0694212

    Listing date Jan 23, 2026

    MLS# 21150220 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.

    Learn more

    Property Insight Report

    Overview

    Versatile Office/Warehouse Space in Lewisville

    This property offers a blend of office and warehouse space, situated approximately half a mile from the intersection of I-35E and Valley Ridge Blvd, and about two miles from the junction of I-35E and Hwy 121. The facility includes 10,000 square feet of climate-controlled warehouse or shop area, complemented by 1,100 square feet of modern office space. The upstairs area features three offices and a breakroom, while the downstairs includes an additional office and separate restrooms for men and women. The offices are finished with ceramic tile floors, and the shop or warehouse area has concrete flooring. Loading and unloading are facilitated by three 10x12 overhead doors, four 8x8 doors, and one 10x10 door. Additional features include a secure, enclosed storage area measuring 14x49 feet and a covered, fenced porch measuring 14x74 feet. The property is wired for both single and three-phase electricity, with four panels and an electricity bus in the shop, making it suitable for various business applications. The entire property is equipped with heating and air conditioning. The lot size is 0.822 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

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

    Similar Places Nearby

    Heads or Tails Cajun Crawfish

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.994842
    Latitude
    33.059472

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    FAQs

    What type of property is this?
    Flex space - Climate-controlled warehouse with modern office space near I-35E.
    Where is this flex space located?
    The property is located at 582 Benjamins Way Lewisville, TX.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Excellent Location: Half a mile from I-35E and Valley Ridge Blvd, and only two miles from I-35E and Hwy 121.; - Climate-Controlled Warehouse: Benefit from 10,000 sq ft of fully heated and air-conditioned warehouse/shop space.; - Modern Office Space: 1,100 sq ft of office space with ceramic tile floors, breakroom, and separate restrooms.
    (972) 966-6683
    Request Owner's contact information
    582 Benjamins Way Lewisville, TX 75057
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    Lewisville, TX 75057
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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.

    More about this property
    582 Benjamins Way Lewisville, TX 75057
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    We can help!
    Listing Contact
    Brenda Latham
    Real Estate License ID: 0694212
    (972) 966-6683
    Learn more
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