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    Restaurant Space with Patio Title is generated by Realmo AI

    301 W Round Grove Road, Lewisville, TX 75067

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    For Lease
    $7,500 /Mo

    COMMERCIAL - Lewisville, TX

    Type:Retail
    Lot size:
    1.65 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    133
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for 301 W Round Grove Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    R121166
    Lot size
    1.65 Acres

    Taxes and HOA fees

    Tax Description
    WELLINGTON PARK BLK A LOT 2

    Utilities

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

    Building Details

    Year built
    1986
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Concrete
    Building materials
    StoneVeneer
    Roof type
    Concrete, Asphalt

    We can help!

    Listing Contact
    Norma Epstein
    Norma Epstein

    Listing agent Norma Epstein License #0574380

    Listing office K-nor Llc Ennis, TX

    Listing date Jan 21, 2026

    MLS# 21159363

    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

    • Triple net lease: no triple net charge for the first year; NNN commences 1 year after the executed contract date
    • NNN at that time listed as $1,500; triple net for 2027 will depend on property tax and insurance costs
    • Available immediately; former location of the Drunken Donkey
    • Outside patio and plenty of parking
    • Built in 1986 with stone veneer construction and concrete flooring
    • Central heating and central air; roof includes concrete and asphalt; public water and public sewer

    Overview

    This property is a restaurant-oriented storefront space designed for a restaurant, bar, or sports bar concept, with an outdoor patio and plenty of parking. It is available immediately and has the benefit of being the former location of a successful neighborhood business. The lease is structured as a triple-net arrangement.

    Located at 301 W Round Grove Road in Lewisville, Texas (Denton County), the space is described as having great exposure. The site is positioned to support strong visibility for walk-in and drive-by traffic, with an established parking layout intended to accommodate customers conveniently.

    For operators seeking a buildout ready location for food and beverage use, this offering provides a practical platform to launch or relocate. The triple-net structure supports long-term cost allocation to the tenant after an initial period, making it a straightforward option for experienced restaurant, bar, and sports bar operators who value exterior seating and customer parking. With the property available immediately, timing can align well for tenants looking to open quickly.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kolache Donuts Bakery Greater Dallas Anesthesia Medical Clinic Texas Cleaners (Bike/Boat/Book/etc) Store ATM (ATM Link, ... Atm Sunoco Gas Station

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.998877
    Latitude
    33.004101

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    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant/bar space with an outdoor patio and ample parking, offered on a triple-net lease structure.
    Where is this conventional restaurant located?
    The property is located at 301 W Round Grove Road Lewisville, TX.
    What is the lease rate?
    The lease rate is $7,500 /Mo.
    What are key features of this property?
    This property features: Triple net lease: no triple net charge for the first year; NNN commences 1 year after the executed contract date; NNN at that time listed as $1,500; triple net for 2027 will depend on property tax and insurance costs; Available immediately; former location of the Drunken Donkey
    (972) 875-7903
    We can help!
    Listing Contact
    Norma Epstein
    Norma Epstein
    Real Estate License ID: 0574380
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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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