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 Market10
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
(817) 329-9005
Listed By:
Martha Sanchez
Source:
Yourdavisteam
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 12:59PM
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 = 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
$20,642
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
6.77%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 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
