251 S Mill Street Lewisville, TX 75057
SINGLE_FAMILY - Lewisville, TX
- Added:
- Jul 13, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 14 at 7:06 am
Property Features for 251 S Mill Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- R741378
- Lot size
- 0.64 Acres
Taxes and HOA fees
- Tax Description
- LEWISVILLE AWESOME CONDOMINIUMS UNT 180
- Tax Annual Amount
- 6574
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Composition
Listing agent Jeanie Cline (214) 202-7615
Listing office Real Broker, LLC Dallas, TX (855) 450-0442
Listing date Jul 13, 2026
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.
Investment Insights
Based on property information with market context.
The property is positioned within the Old Town TRIZ and is described as benefiting from the City’s active Economic Development Corporation and continued investment in the district. Public remarks also note year-round festivals, weekly events, and steady pedestrian activity, with an approximate Walk Score of 72.
The seller, who is the original developer and builder, also offers two luxury residential condo flats directly above the commercial space for purchase. Garages and an elevator shown on the floor plan are intended for the private residential units above and will be separated from the commercial space unless purchased together.
Key Highlights
- 2,071 SF commercial condo in Lewisville’s Old Town District mixed‑use development
- Built in 2018 with brick construction, tile flooring, and a composition roof
- Central heating and central air conditioning
Local Financial Insights For Office B
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 | $68.3k | $33.00 |
| − Vacancy | −$17.2k | −$8.32 |
| EGI | $51.1k | $24.68 |
| − OpEx | −$12.8k | −$6.17 |
| NOI | $38.3k | $18.51 |
