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    Lewisville Warehouse with Dock Doors Title is generated by Realmo AI

    699 State Highway 121, Lewisville, TX

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    Multi-use warehouse on 2.54 acres with ample parking.

    Type:INDUSTRIAL
    Property size:
    43,544 SF
    Lot size:
    2.53 Acres
    Price / SF:
    $150/SF
    Added:
    Apr 24, 2025
    Days on Market:
    423
    Last Refresh:
    May 19 at 9:38 pm

    Property Features for 699 State Highway 121

    General Information

    Standard status
    Active
    Size
    43,544 SF
    Lot size
    2.53 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Garrett Goldstein
    Garrett Goldstein

    Listing agent Garrett Goldstein

    Listing office Rich Young Company

    Listing date Apr 24, 2025

    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 Rich Young Company

    HighLights

    • 20' Clear Height
    • 13 Grade Level Doors
    • 2 Dock High Doors
    • Power: 600 Amps / 3 Phase
    • Land Total: 2.54 Acres
    • Multi‑Use Warehouse

    Overview

    This multi-use warehouse property, situated in Lewisville, Texas, offers a total area of 43,544 square feet on 2.54 acres of land. The warehouse features a 20' clear height, enhancing its storage and operational capabilities. It is equipped with two dock-high doors and thirteen grade-level doors, facilitating efficient loading and unloading processes. The property provides parking at a ratio of 0.75 spaces per 1,000 square feet. It has a power supply of 600 Amps with a 3-phase electrical system.

    Local Financial Insights For Warehouse

    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 $653.2k $15.00
    − Vacancy −$62.1k −$1.43
    EGI $591.1k $13.58
    − OpEx −$88.7k −$2.04
    NOI $502.4k $11.54
    43,544 SF · lease $15.00/SF/yr · vacancy 9.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $7.18M
    $6.28M – $8.37M (±1% cap)
    NOI $502,443 @ 7.0% cap · market cap 7.69%
    Second Best
    Industrial
    $5.91M
    $5.17M – $6.90M (±1% cap)
    NOI $413,777 @ 7.0% cap · market cap 6.34%
    Theoretical Best
    Office A
    $14.52M
    $12.70M – $16.94M (±1% cap)
    NOI $1,016,212 @ 7.0% cap · market cap 15.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    General Recycle, LLC Recycling Center Auto Expo Auto Repair Shop Platinum Coach and RV Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Public Storage — 690 State Hwy 121, Lewisville, TX 75057
    • Self-Storage at U-Haul — 811 E State Hwy 121 Business, Lewisville, TX 75057
    • National Indoor RV Centers | NIRVC — 498 State Hwy 121, Lewisville, TX 75057
    • Lewisville Executive RV and Boat Storage — 801 S Railroad St, Lewisville, TX 75057
    • U-Haul Moving & Storage of Lake Lewisville — 811 e, tx-121 bus, lewisville, tx 75057

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9828
    Latitude
    33.0427

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    FAQs

    What type of property is this?
    Warehouse - Multi-use warehouse on 2.54 acres with ample parking.
    Where is this warehouse located?
    The property is located at 699 State Highway 121 Lewisville, TX.
    What is the asking price?
    The asking price for this property is $6,531,600.
    What are key features of this property?
    This property features: 20' Clear Height; 13 Grade Level Doors; 2 Dock High Doors
    (214) 364-0674 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Garrett Goldstein
    Garrett Goldstein
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