Garden-Style Office
118 Lynn Ave Unit 202, Lewisville, TX 75057
For Sale
$305,000
Professional office space with a flexible layout, landscaping, parking, and convenient access to I-35E and Main Street.
Property Size1,115 SF
Price / SF$273.54
Days on Market86
Property Features for 118 Lynn Ave Unit 202
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Amenities
attractive landscaping
Building Details
Year Built
Construction
Listing Agency:
Compass RE Texas, LLC
Listed By:
Martha Sanchez · License TX #659953
(817) 907-8507
Source:
Aboveandbeyondrealty
Added: Aug 20
Changed: Oct 31
Last Checked: Nov 12 at 11:35AM
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 Compass RE Texas, LLC
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Investment Insights
Based on property information with market context.
This office unit is located within a garden-style commercial building completed in 2006. The property offers a flexible interior arrangement suited to professional operations and is presented as ready for occupancy. Landscaped grounds, available parking, and a business-oriented setting contribute to the property’s functional office environment.
Positioned at 118 Lynn Ave Unit 202 in Lewisville, the property provides access to I-35E and Main Street. Its location supports convenient arrival for employees and clients while placing the office within the Lewisville business community.
Positioned at 118 Lynn Ave Unit 202 in Lewisville, the property provides access to I-35E and Main Street. Its location supports convenient arrival for employees and clients while placing the office within the Lewisville business community.
Key Highlights
- Garden‑style office building completed in 2006
- Flexible office layout for professional users
- Landscaped grounds and available parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,642
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,840
$412.8K
Cap Rate 7%
$294,886
$294.9K
Cap Rate 9%
$229,356
$229.4K
Market Conditions
NOI Build-Up for 1,115 SF
Gross rent
$36.8K $33.00/SF
− Vacancy
−$9.3K −$8.32/SF
EGI
$27.5K $24.68/SF
− OpEx
−$6.9K −$6.17/SF
NOI
$20.6K $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%
$412,840
Cap Rate 7%
$294,886
Cap Rate 9%
$229,356
Alternative Uses
Best Use
Office B
$294.9K
$258.0K – $344.0K
NOI $20,642 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.7K
$325.3K – $433.7K
NOI $26,021 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,730
Businesses Nearby
Explore this area
Business Placement
Demographics for 75057, TX
16,001
Population
7,171
Households
2.2
Avg Household Size
31
Median Age
29%
College-Educated
83%
High-School Grad
13.3 sq mi
ZIP Area
1,203
Density / Sq Mi
$76,128
Median Household Income
$43,253
Median Earnings
$1,589
Median Rent
$208,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Lewisville, TX
Properties on Market for Office Units in Lewisville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space with a flexible layout, landscaping, parking, and convenient access to I-35E and Main Street.
Where is this office unit located?
The property is located at 118 Lynn Ave Unit 202 Lewisville, TX.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Garden‑style office building completed in 2006; Flexible office layout for professional users; Landscaped grounds and available parking
