122-Room Courtyard
For Sale
Contact for pricing
2701 Lake Vista Dr, Lewisville, TX 75067
Institutionally owned Courtyard in Lewisville with recently completed guestroom work and exterior reimaging.
Property Size69,200 SF
Price / SF$39.02
Days on Market51
Property Features for 2701 Lake Vista Dr
General Information
Standard status
Active
Size
69,200 SF
Property subtype
Hospitality
Building Details
Year Built
2001
Listing Agency:
HREC Investment Advisors
Listed By:
Dan Miller · License #779007-SA
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 4 at 9:32AM
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 HREC Investment Advisors
Investment Insights
Based on property information with market context.
Courtyard Dallas Lewisville is a 122-room hotel offered for sale. The property includes recently completed guestroom improvements as well as updated public space and an exterior reimaging, designed to help reduce capital expenditures and brand-mandated costs for a new owner.
The hotel is located at the confluence of Interstate 35E and the Sam Rayburn Tollway (State Highway 121), providing straightforward access to the Dallas–Fort Worth region. The asset is described as being within 10 miles of Dallas/Fort Worth International Airport and within 30 to 45 minutes of major business hubs in the Metroplex.
From a tenant and guest-demand standpoint, the remarks cite a diversified set of nearby demand generators, including major corporate employers and regional training and operational facilities. Leisure demand is supported by the local area and the broader Dallas-Fort Worth sports ecosystem. The property is also positioned near industrial density areas identified in the offering materials, which can contribute to transient demand. Tours are available by appointment only; interested parties should contact the listing broker for scheduling details.
The hotel is located at the confluence of Interstate 35E and the Sam Rayburn Tollway (State Highway 121), providing straightforward access to the Dallas–Fort Worth region. The asset is described as being within 10 miles of Dallas/Fort Worth International Airport and within 30 to 45 minutes of major business hubs in the Metroplex.
From a tenant and guest-demand standpoint, the remarks cite a diversified set of nearby demand generators, including major corporate employers and regional training and operational facilities. Leisure demand is supported by the local area and the broader Dallas-Fort Worth sports ecosystem. The property is also positioned near industrial density areas identified in the offering materials, which can contribute to transient demand. Tours are available by appointment only; interested parties should contact the listing broker for scheduling details.
Key Highlights
- 122‑room Courtyard Dallas Lewisville at 2701 Lake Vista Drive, Lewisville, TX 75067
- Year built: 2001
- Recently completed guestroom and exterior reimaging work, intended to mitigate capital expenditure burdens
Financial Insights For Hotel Hospitality
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 | $1.25M | $18.00 |
| − Vacancy | −$809.6k | −$11.70 |
| EGI | $436.0k | $6.30 |
| − OpEx | −$228.9k | −$3.31 |
| NOI | $207.1k | $2.99 |
69,200 SF · lease $18.00/SF/yr · vacancy 65.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.96M
$2.59M – $3.45M
NOI $207,081 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$23.07M
$20.19M – $26.92M
NOI $1,614,962 @ 7.0% cap · market cap 59.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 75067, TX
68,734
Population
28,990
Households
2.4
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
5,091
Density / Sq Mi
$76,630
Median Household Income
$45,448
Median Earnings
$1,506
Median Rent
$321,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - Institutionally owned Courtyard in Lewisville with recently completed guestroom work and exterior reimaging.
Where is this hotel located?
The property is located at 2701 Lake Vista Dr Lewisville, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 122‑room Courtyard Dallas Lewisville at 2701 Lake Vista Drive, Lewisville, TX 75067; Year built: 2001; Recently completed guestroom and exterior reimaging work, intended to mitigate capital expenditure burdens
