Garden-Style Office
118 Lynn Avenue #202 Lewisville, TX 75057
118 Lynn Avenue #202, Lewisville, TX, 75057
$335,000
For Sale
$335,000
Move-in-ready suite in a garden-style office building with ample parking and convenient access to I-35E and Main Street.
Property Size1,115 SF
Price / SF$300.45
Days on Market15
Property Features for 118 Lynn Avenue #202
General Information
- Standard status
- Active
- Size
- 1,115 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing agency
Coldwell Banker Realty
(817) 907-8507
Listed by
Martha Sanchez
(817) 907-8507
Source
Cuddrealtyinc
Added: Jul 7 Updated: Jul 10 at 4:03PM Checked: Jul 19 at 5:18AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This garden-style office suite at 118 Lynn Avenue #202 is positioned for immediate occupancy, with a move-in-ready interior and a layout suited to a range of professional uses. The building is designed to provide a comfortable work environment, supported by attractive landscaping and a well-kept setting.
The property is located in the heart of Lewisville, Texas, with convenient access to I-35E and from Main Street. It offers visibility and accessibility for both employees and clients, supported by ample parking on site.
The flexible configuration makes the suite practical for office tenants seeking a professional, garden-style setting, including medical and financial services, as well as creative offices and boutique firms. If your business is expanding, relocating, or launching a new operation, this second-floor office suite offers a straightforward, ready-to-use option within a centrally accessed office building.
The property is located in the heart of Lewisville, Texas, with convenient access to I-35E and from Main Street. It offers visibility and accessibility for both employees and clients, supported by ample parking on site.
The flexible configuration makes the suite practical for office tenants seeking a professional, garden-style setting, including medical and financial services, as well as creative offices and boutique firms. If your business is expanding, relocating, or launching a new operation, this second-floor office suite offers a straightforward, ready-to-use option within a centrally accessed office building.
Key Highlights
- Garden‑style office building with a 2006 year built
- Move‑in‑ready office suite with a flexible layout
- Convenient access to I‑35E and Main Street
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.8k | $33.00 |
| − Vacancy | −$9.3k | −$8.32 |
| EGI | $27.5k | $24.68 |
| − OpEx | −$6.9k | −$6.17 |
| NOI | $20.6k | $18.51 |
1,115 SF · lease $33.00/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$294.9K
$258.0K – $344.0K
NOI $20,642 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.7K
$325.3K – $433.7K
NOI $26,021 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Deepti Gandhi CPA ...
Accounting Firm
Elite Digestive Specialists
Medical Clinic
Arunpriya Vadivelu
Medical Clinic
Sergio CPA & Bookkeeping ...
Accounting Firm
Just Be You. ...
Crisis Center
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FAQs
What type of property is this?
Office units - Move-in-ready suite in a garden-style office building with ample parking and convenient access to I-35E and Main Street.
Where is this office units located?
The property is located at 118 Lynn Avenue #202 Lewisville, TX.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Garden‑style office building with a 2006 year built; Move‑in‑ready office suite with a flexible layout; Convenient access to I‑35E and Main Street
