Mixed-Use Property with Street
For Sale
$995,000
325 & 331 E Main Street, Lewisville, TX 75057
Two parcels with multiple existing structures are offered together under Old Town Mixed-Use zoning.
Property Size3,272 SF
Lot Size0.36 Acres
Price / SF$304.10
Days on Market47
Property Features for 325 & 331 E Main Street
General Information
Standard status
Active
Size
3,272 SF
Lot size
0.36 Acres
Property subtype
Retail
Zoning
Old Town Mixed-Use
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1965
Buildings
3
Listing Agency:
Compass RE Texas, LLC.
(214) 814-8100
Listed By:
Georgie Zang · License #0708834
(817) 228-8550
Source:
Lonestarluxuryrealty
Added: Sep 13
Changed: Oct 29
Last Checked: Oct 28 at 8:03AM
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 Compass RE Texas, LLC.
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Investment Insights
Based on property information with market context.
This mixed-use offering combines two parcels with three existing structures totaling approximately 3,272 square feet on approximately 0.36 acres. The improvements date to 1965 and provide an existing physical presence for a range of commercial or mixed-use applications supported by the property’s Old Town Mixed-Use zoning.
Frontage along E Main Street places the property within Old Town Lewisville, with access to I-35E and Business 121. The two parcels are being sold together, creating a consolidated offering with established street exposure and existing improvements.
Frontage along E Main Street places the property within Old Town Lewisville, with access to I-35E and Business 121. The two parcels are being sold together, creating a consolidated offering with established street exposure and existing improvements.
Key Highlights
- Two parcels offered together at 325 & 331 E Main Street, Lewisville, TX 75057
- Approximately 0.36 acres with approximately 3,272 square feet of improvements
- Three existing structures included in the offering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,988
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,760
$1.1M
Cap Rate 7%
$771,257
$771.3K
Cap Rate 9%
$599,867
$599.9K
Market Conditions
NOI Build-Up for 3,272 SF
Gross rent
$98.2K $30.00/SF
− Vacancy
−$11.8K −$3.60/SF
EGI
$86.4K $26.40/SF
− OpEx
−$32.4K −$9.90/SF
NOI
$54.0K $16.50/SF
Area
Lewisville, TX
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,760
Cap Rate 7%
$771,257
Cap Rate 9%
$599,867
Alternative Uses
Best Use
Mixed Use
$771.3K
$674.9K – $899.8K
NOI $53,988 @ 7.0% cap · market cap 5.43%
Second Best
Retail
$751.3K
$657.4K – $876.6K
NOI $52,593 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.09M
$954.5K – $1.27M
NOI $76,361 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 29%
Home Improvements & Furnishings 20%
Domino's Pizza
Dining
1,194 visits/mo
0.2 miles
Public Storage
Shops & Services
1,138 visits/mo
0.4 miles
Valero Energy
Shops & Services
943 visits/mo
0.3 miles
United Rentals
Home Improvements & Furnishings
837 visits/mo
0.5 miles
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two parcels with multiple existing structures are offered together under Old Town Mixed-Use zoning.
Where is this mixed-use property located?
The property is located at 325 & 331 E Main Street Lewisville, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two parcels offered together at 325 & 331 E Main Street, Lewisville, TX 75057; Approximately 0.36 acres with approximately 3,272 square feet of improvements; Three existing structures included in the offering
