Three-Building Office
For Sale
$4,500,000
105 Kathryn Dr, Lewisville, TX 75067
Separate buildings provide private-entry and shared-corridor layouts for office and medical users.
Property Size17,314 SF
Price / SF$259.91
Days on Market430
Property Features for 105 Kathryn Dr
General Information
Standard status
Active
Size
17,314 SF
Property subtype
Commercial
Occupancy
65%
Building Details
Year Built
1984
Buildings
3
Listing Agency:
Ebby Halliday, REALTORS
Listed By:
Mike Charles (972) 539-3000 · License #0635379
(214) 762-1932
Source:
Divinerealtygrp
Added: Aug 11, 2025
Changed: Oct 1
Last Checked: Oct 12 at 8:08PM
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 Ebby Halliday, REALTORS
Investment Insights
Based on property information with market context.
This 17,314-square-foot office property includes three individual buildings constructed in 1984. Two buildings provide private exterior entrances, while the third uses a central interior corridor with shared public restrooms. The configuration supports both discreet-access users and a more conventional multi-tenant office arrangement. Dedicated on-site parking serves the campus, and ongoing maintenance and updates contribute to its functional presentation. Mature trees add an established setting around the buildings.
Located at 105 Kathryn Dr in Lewisville, the property is positioned near the city’s core with regional connectivity. The campus is currently 65% occupied and offers space for an owner-user alongside existing occupancy. Its layout is suited to office, medical, wellness, and professional users seeking separate building access or shared interior circulation.
Located at 105 Kathryn Dr in Lewisville, the property is positioned near the city’s core with regional connectivity. The campus is currently 65% occupied and offers space for an owner-user alongside existing occupancy. Its layout is suited to office, medical, wellness, and professional users seeking separate building access or shared interior circulation.
Key Highlights
- 17,314 SF office property comprising three individual buildings
- Built in 1984 with ongoing updates and maintenance
- 65% occupied with space for an owner‑user
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$320,534
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,410,680
$6.4M
Cap Rate 7%
$4,579,057
$4.6M
Cap Rate 9%
$3,561,489
$3.6M
Market Conditions
NOI Build-Up for 17,314 SF
Gross rent
$571.4K $33.00/SF
− Vacancy
−$144.0K −$8.32/SF
EGI
$427.4K $24.68/SF
− OpEx
−$106.8K −$6.17/SF
NOI
$320.5K $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 Rate 5%
$6,410,680
Cap Rate 7%
$4,579,057
Cap Rate 9%
$3,561,489
Alternative Uses
Best Use
Office B
$4.58M
$4.01M – $5.34M
NOI $320,534 @ 7.0% cap · market cap 7.12%
Second Best
Healthcare Medical
$3.61M
$3.16M – $4.21M
NOI $252,438 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$5.77M
$5.05M – $6.73M
NOI $404,067 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
65%
Occupancy
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Separate buildings provide private-entry and shared-corridor layouts for office and medical users.
Where is this office building located?
The property is located at 105 Kathryn Dr Lewisville, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 17,314 SF office property comprising three individual buildings; Built in 1984 with ongoing updates and maintenance; 65% occupied with space for an owner‑user
