Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    527 E Main St Lewisville, TX 75057

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $230,000

    Land in a vibrant, walkable community with high foot traffic.

    Lot size:
    0.15 Acres

    Property Features for 527 E Main St

    General Information

    Lot size
    0.15 Acres

    We can help!

    Listing Contact
    Tili Capistran
    Source: Elliman

    Listing Agent: Tili Capistran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Land in Old Town Lewisville

    Located at 527 E. Main St. in Old Town Lewisville, this property is situated in a rapidly growing district. The area attracts visitors with its small-town charm, community events, and downtown scene. The property layout allows for multiple uses, including a coffee shop, storefront, creative studio, barber shop, or professional office space. The location offers character and visibility. The property is surrounded by businesses, dining, and entertainment, positioning it to benefit from Old Town's growth and community vibe.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.988578
    Latitude
    33.0466078

    Nearby Similar for Sale

    • $250,000
      0.09 Acres

      Lewisville Duplex Investment Opportunity

      Two-bedroom duplex in Lewisville with strong rental demand.
      2415 Sendero Trl, Lewisville, TX 75067
      View Details
    • $2,450,000
      1.74 Acres

      Lewisville Office/Retail Opportunity

      Versatile commercial property suitable for retail, office, or service uses.
      2345 E State Highway 121, Lewisville, TX 75056
      View Details
    • $879,800
      0.17 Acres

      Lewisville Duplex Office For Sale

      Duplex office suites available for purchase in Lewisville, Texas.
      2785 Rockbrook Dr, Lewisville, TX 75067
      View Details
    • $1,295,000
      0.42 Acres

      Multi-Tenant Office Building in Lewisville

      Multi-tenant office property near Old Town Lewisville, offering consistent rental income.
      915-921 N Mill St, Lewisville, TX 75057
      View Details
    • $2,900,000
      1.29 Acres

      Lewisville, TX Business Opportunity

      Real estate and business for sale in Lewisville, Texas.
      2561 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • $1,200,000
      0.65 Acres

      Turnkey Childcare Building in Lewisville

      9,400 SF building on 0.64 acres, multiple uses.
      662 S Edmonds Ln, Lewisville, TX 75067
      View Details
    • $325,000
      0.35 Acres

      Charming Converted Home Office Space

      Versatile commercial space in Lewisville, ideal for various businesses.
      150 Bellaire Blvd, Lewisville, TX 75067
      View Details
    • $599,000
      7.66 Acres

      Lewisville Flex Space For Sale

      High-end flex space in premium location, built in 2022.
      2601 E State Highway 121, Lewisville, TX 75056
      View Details
    • $3,000,000
      1.59 Acres

      Former Childcare Building in Lewisville

      Turnkey childcare building with furnishings, playground, and high visibility.
      1253 W Round Grove Rd, Lewisville, TX 75067
      View Details
    • $810,000
      0.00 Acres

      Warehouse-Office in Growing Metroplex Area

      Warehouse-office in a rapidly growing area near commercial centers.
      2601 E State Highway 121, Lewisville, TX 75056
      View Details
    • $1,500,000
      2.22 Acres

      Luxury Office Condos in Lewisville

      Boutique office condos in a rapidly evolving mixed-use corridor.
      I-35 E Dr, Lewisville, TX 75067
      View Details
    • $950,000
      0.48 Acres

      Established Car Wash Business For Sale

      Operating car wash with real estate in Lewisville, Texas.
      2784 Macarthur Blvd, Lewisville, TX 75067
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land in a vibrant, walkable community with high foot traffic.
    Where is this commercial land located?
    The property is located at 527 E Main St Lewisville, TX.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Old Town Lewisville, a rapidly growing and vibrant district.; - High foot traffic and visibility, ideal for attracting customers.; - Versatile property layout suitable for various business types (coffee shop, storefront, studio, office, etc.).
    (713) 875-3715
    Request Owner's contact information
    527 E Main St Lewisville, TX 75057
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    527 E Main St
    Lewisville, TX 75057
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    527 E Main St Lewisville, TX 75057
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tili Capistran
    (713) 875-3715
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.