Flex Space with
For Sale
$1,690,000
0-600 N Stemmons Freeway, Lewisville, TX 75067
Commercial building combines office functions with warehouse capacity and direct access to DFW transportation corridors.
Property Size7,040 SF
Lot Size0.33 Acres
Price / SF$240.06
Days on Market74
Property Features for 0-600 N Stemmons Freeway
General Information
Standard status
Active
Size
7,040 SF
Lot size
0.33 Acres
Zoning
GB
Warehouse & Industrial
Clear Height
20 ft
Office Build-Out
2,400 SF
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Building Size
7,040 SF
Listing Agency:
KARE Investment Sales & Leasing
(469) 471-6413
Listed By:
Karan Aulakh , CCIM · License #731346
(469) 471-6413
Source:
Exprealty
Added: Jun 20
Changed: Aug 31
Last Checked: Aug 31 at 7:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KARE Investment Sales & Leasing
Investment Insights
Based on property information with market context.
This approximately 7,040-square-foot flex property combines about 2,400 square feet of office area with warehouse space suited to commercial operations. The warehouse offers 20-foot clear heights and includes a 14' x 12' grade-level roll-up door. The building sits on approximately 0.332 acres and carries GB (General Business) zoning.
Positioned along I-35E in Lewisville, the property benefits from exposure to approximately 155,939 vehicles per day. Its location provides access to major transportation routes throughout the Dallas-Fort Worth area, supporting a range of flex-space, office, and warehouse applications.
Positioned along I-35E in Lewisville, the property benefits from exposure to approximately 155,939 vehicles per day. Its location provides access to major transportation routes throughout the Dallas-Fort Worth area, supporting a range of flex-space, office, and warehouse applications.
Key Highlights
- Approximately 7,040 SF commercial building on approximately 0.332 acres
- Approximately 2,400 SF of office space
- Warehouse area with 20‑foot clear heights
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
$130,332
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
7.71%
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%
$2,606,640
$2.6M
Cap Rate 7%
$1,861,886
$1.9M
Cap Rate 9%
$1,448,133
$1.4M
Market Conditions
NOI Build-Up for 7,040 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
$232.3K $33.00/SF
− Vacancy
−$58.5K −$8.32/SF
EGI
$173.8K $24.68/SF
− OpEx
−$43.4K −$6.17/SF
NOI
$130.3K $18.51/SF
Area
Lewisville, TX
Vacancy
25.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,606,640
Cap Rate 7%
$1,861,886
Cap Rate 9%
$1,448,133
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,332 @ 7.0% cap · market cap 7.71%
Second Best
Warehouse
$1.16M
$1.02M – $1.35M
NOI $81,233 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,297 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75067, TX
68,734
Population
28,990
Households
2.4
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
5,091
Density / Sq Mi
$76,630
Median Household Income
$45,448
Median Earnings
$1,506
Median Rent
$321,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial building combines office functions with warehouse capacity and direct access to DFW transportation corridors.
Where is this flex space located?
The property is located at 0-600 N Stemmons Freeway Lewisville, TX.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Approximately 7,040 SF commercial building on approximately 0.332 acres; Approximately 2,400 SF of office space; Warehouse area with 20‑foot clear heights
