Garden-Style Office
For Sale
$305,000
118 Lynn Ave Unit 202, Lewisville, TX 75057
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 Market55
Property Features for 118 Lynn Ave Unit 202
General Information
Standard status
Active
Size
1,115 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
attractive landscaping
Building Details
Year Built
2006
Construction
garden-style
Listing Agency:
Compass RE Texas, LLC
Listed By:
Martha Sanchez · License #0659953
(817) 329-9005
Source:
Aboveandbeyondrealty
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 12 at 9:32PM
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
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professional office space with a flexible layout, landscaping, parking, and convenient access to I-35E and Main Street.
Where is this office units 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
