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    Versatile Warehouses in Wylie East Title is generated by Realmo AI

    705 Private Road 5939, Lavon, TX 75166

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    For Lease
    $2,550/Mo $18 SF/Yr (calc)

    Industrial - Lavon, TX

    Type:Industrial
    Property size:
    1,650 SF
    Lot size:
    2.00 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    37
    Last Refresh:
    May 30 at 8:06 am

    Property Features for 705 Private Road 5939

    General Information

    Property type
    Other
    Property subtype
    Industrial
    Parking features
    Assigned
    Standard status
    Active
    APN
    R600200203001
    Size
    1,650 SF
    Lot size
    2.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    2022
    Flooring type
    Concrete, Laminate
    Building materials
    Aluminum Siding, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Wilson
    Michael Wilson

    Listing agent Michael Wilson License #0664901

    Listing office KMW Real Estate & Associates 409 South Central Expressway S, Anna, TX

    Listing date Apr 24, 2026

    MLS# 20775496 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

    • Newly constructed, versatile warehouses suitable for various business needs
    • Simple lease terms: rent and power only; landlord covers taxes, water, HVAC maintenance, and common area fees
    • Build‑to‑suit options available with no zoning restrictions (excluding automotive dealerships)
    • Modern office spaces feature 9‑foot ceilings, wood flooring, upgraded hardware, and tiled bathrooms
    • Spacious warehouse area with 14‑foot bay door, 16‑foot eaves, 25‑foot peak, LED lighting, and spray foam insulation
    • Energy‑efficient HVAC systems and three dedicated parking spaces per suite

    Overview

    Wylie East Business Park offers newly constructed, versatile warehouses. Suites of 1,650 square feet are available with options for varying office sizes and a reception area in the top three tiers. Each office space features 9-foot ceilings, wood flooring, upgraded hardware, and tiled bathrooms. A 14-foot bay door opens into a spacious warehouse area with 16-foot eaves and a 25-foot peak. Contemporary LED lighting, spray foam insulation, and energy-efficient HVAC systems are included. Each suite includes three dedicated parking spaces. The units are build-to-suit, offering customization options. There are no triple net leases; tenants pay only rent and power, while the landlord covers taxes, water, HVAC maintenance, and common area fees. NOW LEASING PHASE 2, Available May 1st: Suite 10, Suite 11, Suite 12, Suite 13 with upgrade floorplans. Suite 5 with upgrade floorplan is available now. The property is located in Lavon, TX. Automotive dealerships are not permitted by county regulations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Similar Places Nearby

    • Just E Nuff II — 450 S State Hwy 78, Lavon, TX 75166

    Map

    City
    Lavon
    County
    Collin
    State
    Texas
    Longitude
    -96.4339
    Latitude
    33.0276

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    FAQs

    What type of property is this?
    Flex space - Newly constructed warehouses with customizable options and modern amenities.
    Where is this flex space located?
    The property is located at 705 Private Road 5939 Lavon, TX.
    What is the lease rate?
    The lease rate is $2,550 /Mo.
    What are key features of this property?
    This property features: Newly constructed, versatile warehouses suitable for various business needs; Simple lease terms: rent and power only; landlord covers taxes, water, HVAC maintenance, and common area fees; Build‑to‑suit options available with no zoning restrictions (excluding automotive dealerships)
    (214) 935-3211
    We can help!
    Listing Contact
    Michael Wilson
    Michael Wilson
    Real Estate License ID: 0664901
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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
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