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    Loft-Style Garage Suite with Mezzanine Title is generated by Realmo AI

    753 S Railroad Street, Lewisville, TX 75057

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    For Sale
    $475,000

    SINGLE_FAMILY - Lewisville, TX

    Type:Office
    Property size:
    1,602 SF
    Lot size:
    3.40 Acres
    Price / SF:
    $296/SF
    Added:
    Jun 7, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 7 at 5:06 pm

    Property Features for 753 S Railroad Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Property condition
    Under Construction
    Parking features
    Garage, Parking Lot, Gated, Open, Assigned
    Security features
    Security
    Standard status
    Active
    APN
    1038320
    Lot size
    3.40 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2026
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Paintedstained, Vinyl
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Valerie Dusek

    Listing agent Valerie Dusek

    Listing office Phillips Realty Group & Assoc Allen, TX

    Listing date Jun 7, 2026

    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.

    HighLights

    • 1,602‑SF loft‑style garage under construction (Year built 2026) in a gated 3.5‑acre development with 63 privately owned suites
    • 25' x 50' floorplan with soaring ceilings and epoxy flooring, plus a custom‑built mezzanine to maximize usable space
    • Includes a private lounge with fireplace and a custom bathroom
    • Climate‑controlled custom wine cellar
    • Metal roof and metal siding with central heating and central air
    • Parking: garage, parking lot, gated access, and assigned spaces

    Overview

    This fully customized loft-style garage suite offers an expansive open layout designed for flexible use. The unit features soaring ceilings and sleek epoxy flooring, complemented by a custom-built mezzanine that increases usable space. Interior improvements include a private lounge with a fireplace, a custom bathroom, and a climate-controlled wine cellar. The space is configured to accommodate everything from vehicle storage and a personal automotive gallery to a showroom or creative studio.

    The property is located within an exclusive gated development covering approximately 3.4 acres, with 63 privately owned suites. Ownership includes gated access and the convenience of a secure community built for collectors and professionals.

    For buyers seeking a distinctive live-work style environment, this suite provides secure, versatile space paired with dedicated amenities such as the lounge and climate-controlled wine cellar. Its loft-inspired configuration and open concept make it well-suited for a private showroom setting, executive office use, or a tailored creative workspace where both function and finish matter. The combination of garage-scale space, upgraded interiors, and controlled access supports a range of uses for collectors and entrepreneurs looking for a customizable property within a controlled-access community.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $52.9k $33.00
    − Vacancy −$13.3k −$8.32
    EGI $39.5k $24.68
    − OpEx −$9.9k −$6.17
    NOI $29.7k $18.51
    1,602 SF · lease $33.00/SF/yr · vacancy 25.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $423.7K
    $370.7K – $494.3K (±1% cap)
    NOI $29,658 @ 7.0% cap · market cap 6.24%
    Second Best
    Retail
    $367.9K
    $321.9K – $429.2K (±1% cap)
    NOI $25,750 @ 7.0% cap · market cap 5.42%
    Theoretical Best
    Office A
    $534.1K
    $467.3K – $623.1K (±1% cap)
    NOI $37,387 @ 7.0% cap · market cap 7.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.981225
    Latitude
    33.038224

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    FAQs

    What type of property is this?
    Flex space - Loft-style garage suite in a gated development, featuring epoxy flooring, a custom mezzanine, and climate-controlled wine storage.
    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‑SF loft‑style garage under construction (Year built 2026) in a gated 3.5‑acre development with 63 privately owned suites; 25' x 50' floorplan with soaring ceilings and epoxy flooring, plus a custom‑built mezzanine to maximize usable space; Includes a private lounge with fireplace and a custom bathroom
    (214) 432-4416
    We can help!
    Listing Contact
    Valerie Dusek
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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.

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