Loft-Style Garage
For Sale
$475,000
202-753 S Railroad St, Lewisville, TX 75057
Upgraded loft-style garage suite with a mezzanine, fireplace lounge, and climate-controlled wine cellar in a gated community of private suites.
Property Size1,602 SF
Lot Size3.50 Acres
Price / SF$296.50
Days on Market131
Property Features for 202-753 S Railroad St
General Information
Standard status
Active
Size
1,602 SF
Lot size
3.50 Acres
Listing Agency:
Phillips Realty Group & Assoc
Listed By:
Valerie Dusek · License #0759419
(214) 432-4416
Source:
Exprealty
Added: Jun 6
Changed: Sep 14
Last Checked: Oct 12 at 10:57PM
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 Phillips Realty Group & Assoc
Investment Insights
Based on property information with market context.
This fully customized 1,602-square-foot loft-style garage suite is built around an open-concept 25' x 50' floorplan with soaring ceilings and sleek epoxy flooring. A custom-built mezzanine expands usable space while keeping the interior light and flexible for a variety of display, storage, and workspace uses. Premium upgrades include a private lounge with a fireplace for entertaining, a custom bathroom, and a climate-controlled custom wine cellar.
The property is located within an exclusive gated 3.5-acre development featuring only 63 privately owned suites, offering controlled access and a community environment designed for like-minded collectors and professionals. The secured setting supports vehicle storage, equipment keeping, and private showroom-style presentations.
With its layout and finish package, the suite is well suited for owners who want secure, indoor space that can function as an automotive gallery, showroom environment, executive office, or creative studio. The combination of expanded mezzanine utility and entertainment-oriented amenities makes it practical for both day-to-day operations and hosting. The open design supports multiple configurations, whether the primary use is luxury vehicle storage, recreational equipment storage, or a dedicated display space.
The property is located within an exclusive gated 3.5-acre development featuring only 63 privately owned suites, offering controlled access and a community environment designed for like-minded collectors and professionals. The secured setting supports vehicle storage, equipment keeping, and private showroom-style presentations.
With its layout and finish package, the suite is well suited for owners who want secure, indoor space that can function as an automotive gallery, showroom environment, executive office, or creative studio. The combination of expanded mezzanine utility and entertainment-oriented amenities makes it practical for both day-to-day operations and hosting. The open design supports multiple configurations, whether the primary use is luxury vehicle storage, recreational equipment storage, or a dedicated display space.
Key Highlights
- Fully customized 1,602‑SF loft‑style garage suite in a gated 3.5‑acre development with 63 privately owned suites
- 25' x 50' expansive floorplan with soaring ceilings and sleek epoxy flooring
- Custom‑built mezzanine to maximize usable space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,223
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,460
$304.5K
Cap Rate 7%
$217,471
$217.5K
Cap Rate 9%
$169,144
$169.1K
Market Conditions
NOI Build-Up for 1,602 SF
Gross rent
$24.0K $15.00/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$21.7K $13.58/SF
− OpEx
−$6.5K −$4.07/SF
NOI
$15.2K $9.50/SF
Area
Lewisville, TX
Vacancy
9.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,460
Cap Rate 7%
$217,471
Cap Rate 9%
$169,144
Alternative Uses
Best Use
Industrial
$217.5K
$190.3K – $253.7K
NOI $15,223 @ 7.0% cap · market cap 3.20%
Second Best
Flex RnD
$201.9K
$176.7K – $235.6K
NOI $14,136 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$534.1K
$467.3K – $623.1K
NOI $37,387 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75057, TX
16,001
Population
7,171
Households
2.2
Avg Household Size
31
Median Age
29%
College-Educated
83%
High-School Grad
13.3 sq mi
ZIP Area
1,203
Density / Sq Mi
$76,128
Median Household Income
$43,253
Median Earnings
$1,589
Median Rent
$208,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Upgraded loft-style garage suite with a mezzanine, fireplace lounge, and climate-controlled wine cellar in a gated community of private suites.
Where is this flex space located?
The property is located at 202-753 S Railroad St Lewisville, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fully customized 1,602‑SF loft‑style garage suite in a gated 3.5‑acre development with 63 privately owned suites; 25' x 50' expansive floorplan with soaring ceilings and sleek epoxy flooring; Custom‑built mezzanine to maximize usable space
