Multi-Tenant Retail Building with
921-915 N Mill St Lewisville, TX 75057
921-915 N Mill St, Lewisville, TX, 75057
$1,295,000
For Sale
$1,295,000
Multi-tenant retail property includes four office units running from mid-building to the north end.
Property Size7,186 SF
Price / SF$180.21
Days on Market557
Property Features for 921-915 N Mill St
General Information
- Standard status
- Active
- Size
- 7,186 SF
Listing agency
Preeminent CRE Group
(469) 520-1198
Listed by
John Torres · License #0686924
(469) 520-1198
Source
Exprealty
Added: Jan 10, 2025 Updated: Jul 20 at 11:23PM Checked: Jul 20 at 11:23PM
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 Preeminent CRE Group
Investment Insights
Based on property information with market context.
Located at 921-915 N Mill St, Lewisville, this multi-tenant retail property includes four office units that begin in the middle of the building and extend through to the north end. The offering is presented as a well-established retail asset, with the public remarks indicating an opportunity to create consistent rental income.
The property shares a wall with the adjacent property at 913 N Mill St. Portions of the building are configured for office use within the retail setting, supporting a mixed layout for the site’s existing tenancy.
The property shares a wall with the adjacent property at 913 N Mill St. Portions of the building are configured for office use within the retail setting, supporting a mixed layout for the site’s existing tenancy.
Key Highlights
- 7,186 SF multi‑tenant retail property with four office units
- Office units begin in the middle of the building and extend to the north end
- Well‑established multi‑tenant setup
Local Financial Insights For Retail
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 | $173.3k | $24.12 |
| − Vacancy | −$8.3k | −$1.16 |
| EGI | $165.0k | $22.96 |
| − OpEx | −$49.5k | −$6.89 |
| NOI | $115.5k | $16.07 |
7,186 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.22M
NOI $133,034 @ 7.0% cap · market cap 10.27%
Second Best
Retail
$1.65M
$1.44M – $1.93M
NOI $115,505 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,704 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Multi-tenant retail property includes four office units running from mid-building to the north end.
Where is this office units located?
The property is located at 921-915 N Mill St Lewisville, TX.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 7,186 SF multi‑tenant retail property with four office units; Office units begin in the middle of the building and extend to the north end; Well‑established multi‑tenant setup
