Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highland Village Office Space Available Title is generated by Realmo AI

    113 Barnett Blvd, Lewisville, TX

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Contemporary office space for lease in Highland Village, Texas.

    Type:OFFICE
    Property size:
    1,176 SF
    Lot size:
    1.72 Acres
    Added:
    Jun 4, 2024
    Days on Market:
    731
    Last Refresh:
    May 19 at 10:38 pm

    Property Features for 113 Barnett Blvd

    General Information

    Standard status
    Active
    Size
    1,176 SF
    Lot size
    1.72 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 113 Barnett Blvd Contact us

    We can help!

    Listing Contact
    Brad Tyndall
    Brad Tyndall

    Listing agent Brad Tyndall License #710763

    Listing office SVN | Verus Commercial

    Listing date Jun 4, 2024

    Source Moodyscre

    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 SVN | Verus Commercial

    HighLights

    • Prime location in Highland Village.
    • Ideal for Medical or Professional office space.
    • Ample parking for visitors and employees.
    • White Box Condition allows for a customizable layout.
    • Close proximity to Justin Road/FM 407.
    • Easy access to dining and shopping.

    Overview

    Located at 113 Barnett Boulevard in Highland Village, Texas, this property offers a leasing opportunity suitable for medical or professional office space. The location provides close proximity to Justin Road/FM 407. The property features ample parking for visitors and employees. The space is in White Box condition, allowing for a customizable layout. The location provides easy access to dining and shopping, and benefits from a high-traffic area and surrounding rooftops. The property has a contemporary and professional design.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Map

    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9102
    Latitude
    33.0787

    Nearby Similar for Lease

    • $3,900/Mo
      2,400 SF

      Move-In-Ready Office Suite

      Move-in-ready office with reception, private offices, conference rooms, kitchen, and two restrooms for day-to-day operations.
      151 W Walters Street, Lewisville, TX 75057
      View Details
    • $3,800/Mo
      1,423 SF

      Medical Office Condo Corner Unit

      Newly constructed shell space on a high-visibility corner offers flexible build-out options for medical or professional uses.
      2600 MacArthur Boulevard, Lewisville, TX 75067
      View Details
    • $2,400/Mo

      Office Suite with Private Restroom

      Well-kept business park suite with four private offices, conference room, and restroom, with utilities handled for daily operations.
      118 Lynn Avenue, Lewisville, TX 75057
      View Details
    • $6,054/Mo

      Private-Parking Office Building

      Corner-lot office with updated interiors, private parking, and flexible layout for law, medical, or professional services.
      385 W Main Street, Lewisville, TX 75057
      View Details
    • $1,242/Mo
      92 SF

      Finished Office Suites for Lease

      Lease move-in-ready office configurations with on-site maintenance and recently upgraded common areas.
      650 S Edmonds Lane, Lewisville, TX 75067
      View Details
    • $750/Mo

      Small Office in Coworking Space

      Lease a turnkey private office with window, designer finishes, and included utilities, Wi-Fi, and furnishings.
      2681 MacArthur Boulevard, Lewisville, TX 75067
      View Details
    • $750/Mo

      Turnkey Coworking Office Suite

      Small private office with upgraded finishes, window, and included utilities, furniture, and WiFi in a coworking setting.
      2681 MacArthur Boulevard, Lewisville, TX 75067
      View Details
    • $4,000/Mo

      Turn-Key Office Suite

      High-visibility suite with five private offices, modern finishes, and strong access near major highways.
      2681 Macarthur Boulevard, Lewisville, TX 75067
      View Details
    • $8,500/Mo

      Former Childcare Building with Playground

      Well-equipped former childcare facility with classrooms, kitchen, office, and playground features for a flexible tenant use.
      1702 Justin Road, Lewisville, TX 75077
      View Details
    • $750/Mo

      Coworking Office Suite

      Lease a turn-key small private office with window, upgraded 2021 finishes, and included utilities and WiFi in a coworking setting.
      2681 MacArthur Boulevard, Lewisville, TX 75067
      View Details
    • $500/Mo

      Small Office in Coworking Space

      Lease a turnkey small office with upgraded finishes and shared conference, kitchen, and WiFi included.
      2681 MacArthur Boulevard, Lewisville, TX 75067
      View Details
    • $5,500/Mo

      Automotive Dealership Retail Site

      High-exposure frontage along a major thoroughfare, offering an approved automotive retail setup with room for vehicle inventory display.
      1506 S State Highway 121, Lewisville, TX 75067
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Contemporary office space for lease in Highland Village, Texas.
    Where is this medical office space located?
    The property is located at 113 Barnett Blvd Lewisville, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Highland Village.; Ideal for Medical or Professional office space.; Ample parking for visitors and employees.
    (940) 381-2220 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brad Tyndall
    Brad Tyndall
    Real Estate License ID: 710763
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    113 Barnett Blvd, Lewisville, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!