Custom Flex Space with
For Sale
$475,000
753 S Railroad Street, Lewisville, TX 75057
CommercialSale, Lewisville, TX
Property Size1,602 SF
Lot Size3.40 Acres
Price / SF$296.50
Days on Market67
Property Features for 753 S Railroad Street
General Information
Property type
Commercial Sale
Property subtype
Office
Property condition
Under Construction
Zoning description
Commercial C2
Parking features
Garage, Open, Assigned, Parking Lot, Gated
Security features
Security
Subdivision
Railroad Addition
Directions
Use GPS
Standard status
Active
APN
1038320
Lot size
3.40 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
private lounge with fireplace
custom bathroom
climate-controlled wine cellar
Building Details
Year built
2026
Floors in Building
2
Number of units
1
Flooring type
Paintedstained, Vinyl
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Phillips Realty Group & Assoc
Listed By:
Valerie Dusek · License #0759419
(214) 432-4416
Added: Jul 10
Changed: Sep 13
Last Checked: Sep 14 at 12:06PM
MLS# 21294085
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.
This 1,602-square-foot flex space is arranged as a 25-by-50-foot open floor plan with high ceilings, epoxy flooring, and a custom mezzanine. Interior improvements include a private lounge with fireplace, custom bathroom, and climate-controlled wine cellar. The adaptable configuration is suited to a private automotive gallery, showroom, executive office, or creative studio, as described in the property information.
The property is part of a gated development with 63 privately owned suites at 753 S Railroad Street in Lewisville. Parking includes assigned, garage, and open parking within a controlled-access setting. The building is under construction, with 2026 completion identified, and features metal siding, a metal roof, central heating and cooling, public water, and public sewer.
The property is part of a gated development with 63 privately owned suites at 753 S Railroad Street in Lewisville. Parking includes assigned, garage, and open parking within a controlled-access setting. The building is under construction, with 2026 completion identified, and features metal siding, a metal roof, central heating and cooling, public water, and public sewer.
Key Highlights
- 1,602‑square‑foot flex space with a 25‑by‑50‑foot open floor plan
- Custom mezzanine adds usable area within the loft‑style layout
- Private lounge with fireplace, custom bathroom, and climate‑controlled wine cellar
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,750
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,000
$515.0K
Cap Rate 7%
$367,857
$367.9K
Cap Rate 9%
$286,111
$286.1K
Market Conditions
NOI Build-Up for 1,602 SF
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.
Gross rent
$38.6K $24.12/SF
− Vacancy
−$1.9K −$1.16/SF
EGI
$36.8K $22.96/SF
− OpEx
−$11.0K −$6.89/SF
NOI
$25.7K $16.07/SF
Area
Lewisville, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,000
Cap Rate 7%
$367,857
Cap Rate 9%
$286,111
Alternative Uses
Best Use
Retail
$367.9K
$321.9K – $429.2K
NOI $25,750 @ 7.0% cap · market cap 5.42%
Second Best
Industrial
$217.5K
$190.3K – $253.7K
NOI $15,223 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$534.1K
$467.3K – $623.1K
NOI $37,387 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75057, TX
16,001
Population
7,171
Households
2.2
Avg Household Size
31
Median Age
29%
College-Educated
83%
High-School Grad
13.3 sq mi
ZIP Area
1,203
Density / Sq Mi
$76,128
Median Household Income
$43,253
Median Earnings
$1,589
Median Rent
$208,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Gated, open-concept commercial space with a private lounge, custom bathroom, and climate-controlled wine cellar.
Where is this flex space located?
The property is located at 753 S Railroad Street Lewisville, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,602‑square‑foot flex space with a 25‑by‑50‑foot open floor plan; Custom mezzanine adds usable area within the loft‑style layout; Private lounge with fireplace, custom bathroom, and climate‑controlled wine cellar
