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    Two-Story Restaurant and Retail Building Title is generated by Realmo AI

    150 W Main Street, Lewisville, TX 75057

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    For Lease
    $25 SF/Yr

    COMMERCIAL - Lewisville, TX

    Type:Retail
    Lot size:
    0.28 Acres
    Added:
    Jul 28, 2025
    Days on Market:
    316
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for 150 W Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    R19003
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    A0696A J. W. KING, TR 123, .28 ACRES, OLD DCA

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete, Carpet
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Mike Karimi

    Listing agent Mike Karimi License #0807973

    Listing office David Najafi 6900 Alma Drive Ste 180, Plano, TX

    Listing date Jul 28, 2025

    MLS# 21014950

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑story restaurant/office/retail building built in 1930 with brick construction
    • Flat roof; central heating and central air conditioning
    • Public utilities: public water and public sewer
    • Located in a designated Opportunity Zone
    • In Lewisville’s revitalized Historical District, overlooking an outdoor courtyard and Main St & Wayne Ferguson Plaza
    • Ample parking and convenient access from I‑35

    Overview

    This two-story restaurant, office, and retail building includes air conditioning and an outdoor courtyard, with views over the courtyard as well as Main Street and Wayne Ferguson Plaza. The property is described as being located in a revitalized Historical District and features a “Beautiful Building” presentation, along with an Energy Performance Rating of A.

    The building is located in an Opportunity Zone, and the City of Lewisville is noted as offering tax incentives to business owners. It is positioned across from a new Old Town Plaza development and is presented with convenient access from I-35 and visibility on Main Street. The surrounding area is also described as having nearby transit options and related amenities, including a bus line and commuter rail, along with a conferencing facility.

    For tenants seeking flexible storefront and hospitality space, the mix of restaurant, office, and retail components can support a range of operating models while keeping a consistent property identity across multiple uses. The courtyard layout and the stated ample parking and transit access can be practical considerations for customer and staff convenience in a historically themed downtown setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Superior Appliances Repair Home Appliance Store Elemby Photography DFW ... Photography Service MG Electric and Gas ... Plumbing Service Taxmaster Tax Preparation Calhoun Inc Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Wishes Design Flower Shop — 896 N Mill St # 203, Lewisville, TX 75057
    • DJ Flowers & Gifts — 533 TX-121 Suite B-3, Lewisville, TX 75067
    • Frisby's Florist & Flower Delivery Lewisville TX — 120 e main st, lewisville, tx 75057
    • Andy's Floral Events — 155 W Main St STE 200, Lewisville, TX 75057
    • Flourish flowers & gifts — 156 W Main St, Lewisville, TX 75057

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.995258
    Latitude
    33.045797

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    FAQs

    What type of property is this?
    Storefront property - Two-story space with an outdoor courtyard and strong Main Street visibility, suited for restaurant, office, or retail use.
    Where is this storefront property located?
    The property is located at 150 W Main Street Lewisville, TX.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Two‑story restaurant/office/retail building built in 1930 with brick construction; Flat roof; central heating and central air conditioning; Public utilities: public water and public sewer
    (469) 229-9000
    We can help!
    Listing Contact
    Mike Karimi
    Real Estate License ID: 0807973
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    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.

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