Office Campus with Private
For Sale
$4,500,000
105 Kathryn Drive, Lewisville, TX 75067
Three-building office campus offers dedicated on-site parking and a mix of private exterior and interior-corridor layouts for flexible use.
Property Size17,314 SF
Days on Market77
Property Features for 105 Kathryn Drive
General Information
Standard status
Active
Size
17,314 SF
Property subtype
Commercial
Zoning
LC
Occupancy
65%
Building Details
Building Size
17,314 SF
Year Built
1984
Stories
1
Units
15
Tenancy
Multi
Listing Agency:
Ebby Halliday, REALTORS
(214) 762-1932
Listed By:
Mike Charles · License #0635379
(214) 762-1932
Source:
1111brokerage
Added: Jun 9
Changed: Aug 23
Last Checked: Aug 23 at 6:26AM
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.
The property includes three individual buildings within a single office campus, all supported by ample, dedicated on-site parking exclusively serving the campus. Two of the buildings provide private exterior access, which can support discreet entry for a range of professional and medical uses. The third building is configured with a central interior corridor and shared public restrooms, aligning with a more traditional multi-tenant layout. Ownership has maintained the property with ongoing updates and care, contributing to strong curb appeal and day-to-day functionality, reinforced by mature trees throughout the setting.
Located at 105 Kathryn Dr in Lewisville, Texas, the campus is positioned for easy access to the area while maintaining a self-contained environment for staff and clients. The combination of multiple structures and varied access styles provides flexibility for tenants and owner-users who need either independent entries or a shared interior arrangement.
Currently 65% occupied, the campus can be approached as a buy-and-occupy option for an owner-operator or as an income-generating office setup with additional space available. The overall layout and character are particularly suited to medical, wellness, and professional office users seeking a maintained, client-friendly campus with dedicated parking for consistent daily operations.
Located at 105 Kathryn Dr in Lewisville, Texas, the campus is positioned for easy access to the area while maintaining a self-contained environment for staff and clients. The combination of multiple structures and varied access styles provides flexibility for tenants and owner-users who need either independent entries or a shared interior arrangement.
Currently 65% occupied, the campus can be approached as a buy-and-occupy option for an owner-operator or as an income-generating office setup with additional space available. The overall layout and character are particularly suited to medical, wellness, and professional office users seeking a maintained, client-friendly campus with dedicated parking for consistent daily operations.
Key Highlights
- Three‑building office campus built in 1984 with ample, dedicated on‑site parking exclusively serving the campus
- Two buildings offer private exterior access, supporting discreet entry for owner‑users or select tenants
- Third building uses a central interior corridor with shared public restrooms for a more traditional multi‑tenant layout
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
$320,534
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
7.12%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
65%
Occupancy
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-building office campus offers dedicated on-site parking and a mix of private exterior and interior-corridor layouts for flexible use.
Where is this office building located?
The property is located at 105 Kathryn Drive 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: Three‑building office campus built in 1984 with ample, dedicated on‑site parking exclusively serving the campus; Two buildings offer private exterior access, supporting discreet entry for owner‑users or select tenants; Third building uses a central interior corridor with shared public restrooms for a more traditional multi‑tenant layout
