Flex Unit with Office
For Sale
$220,000
11130 State Highway 205 Unit 110, Lavon, TX 75166
Under-construction unit offers a half bath and adaptable HVAC coverage.
Property Size790 SF
Price / SF$278.48
Days on Market86
Property Features for 11130 State Highway 205 Unit 110
General Information
Standard status
Active
Size
790 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
2026
Listing Agency:
JBRE Group
Listed By:
Michele Gajkowski · License #0829043
(972) 284-9284
Source:
Minteerteam
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 7 at 1:02PM
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 JBRE Group
Investment Insights
Based on property information with market context.
This flex-space offering is part of Buildings A and C, which are currently under construction, with two units of this size anticipated to be available this summer. Each unit includes office space, a half bath, and the ability to add more office area. HVAC serves the office and restroom, with an option to extend coverage into the warehouse area.
The property is located at 11130 State Highway 205, Unit 110, in Lavon, Texas, with frontage on State Highway 205. Projected traffic counts are estimated to exceed 40,000 vehicles per day. POA dues cover water, trash, septic service, and common-area maintenance, while electricity is managed by the owner. Buildings B and D are planned for future development.
The property is located at 11130 State Highway 205, Unit 110, in Lavon, Texas, with frontage on State Highway 205. Projected traffic counts are estimated to exceed 40,000 vehicles per day. POA dues cover water, trash, septic service, and common-area maintenance, while electricity is managed by the owner. Buildings B and D are planned for future development.
Key Highlights
- Flex units in Buildings A and C are currently under construction
- Two units of this size anticipated to be available this summer
- Each unit includes office space and a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,019
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,380
$200.4K
Cap Rate 7%
$143,129
$143.1K
Cap Rate 9%
$111,322
$111.3K
Market Conditions
NOI Build-Up for 790 SF
Gross rent
$17.3K $21.96/SF
− Vacancy
−$4.0K −$5.05/SF
EGI
$13.4K $16.91/SF
− OpEx
−$3.3K −$4.23/SF
NOI
$10.0K $12.68/SF
Area
Collin County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,380
Cap Rate 7%
$143,129
Cap Rate 9%
$111,322
Alternative Uses
Best Use
Industrial
$785.0K
$686.9K – $915.8K
NOI $54,949 @ 7.0% cap · market cap 24.98%
Second Best
Office B
$143.1K
$125.2K – $167.0K
NOI $10,019 @ 7.0% cap · market cap 4.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75166, TX
5,457
Population
2,186
Households
2.5
Avg Household Size
35
Median Age
36%
College-Educated
96%
High-School Grad
12.9 sq mi
ZIP Area
423
Density / Sq Mi
$129,130
Median Household Income
$60,916
Median Earnings
$1,780
Median Rent
$385,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Flex space - Under-construction unit offers a half bath and adaptable HVAC coverage.
Where is this flex space located?
The property is located at 11130 State Highway 205 Unit 110 Lavon, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Flex units in Buildings A and C are currently under construction; Two units of this size anticipated to be available this summer; Each unit includes office space and a half bath
