Versatile Building in Prime
325 S Cowan Ave, Lewisville, TX 75057
For Sale
$2,500,000
Pending
12,000 SF building suitable for various uses in Lewisville.
Property Size11,965 SF
Lot Size1.13 Acres
Days on Market351
Property Features for 325 S Cowan Ave
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Ebby Halliday Realtors
Listed By:
Courtney Moeller · License TX #0755436
(972) 948-6562
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 4
Last Checked: Aug 25 at 5:54AM
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 Ebby Halliday Realtors
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Investment Insights
Based on property information with market context.
This expansive 12,000 SF building, situated on 1.2 acres in Lewisville, offers a flexible layout suitable for a variety of uses. These include Single-Family Residential, Multi-Family Residential, Educational, Religious, Retail, Commercial, and Office uses. The property features high ceilings, open spaces, multiple offices, classrooms, and ample on-site parking. Its prime location ensures excellent visibility and accessibility. With existing infrastructure that supports multiple configurations, this property presents a unique opportunity for investors, developers, and business owners looking to customize a space to fit their needs. The property is one block from Medical City, and medical office buildings are populating this area. Additionally, the property is one block from the historic Lewisville downtown where multifamily development has been thriving.
Key Highlights
- Flexible 12,000 SF building suitable for diverse uses.
- Prime location in Lewisville with excellent visibility and accessibility.
- Situated on 1.2 acres with ample on‑site parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,508
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,430,160
$4.4M
Cap Rate 7%
$3,164,400
$3.2M
Cap Rate 9%
$2,461,200
$2.5M
Market Conditions
NOI Build-Up for 11,965 SF
Gross rent
$394.8K $33.00/SF
− Vacancy
−$99.5K −$8.32/SF
EGI
$295.3K $24.68/SF
− OpEx
−$73.8K −$6.17/SF
NOI
$221.5K $18.51/SF
Area
Lewisville, TX
Vacancy
25.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,430,160
Cap Rate 7%
$3,164,400
Cap Rate 9%
$2,461,200
Alternative Uses
Best Use
Office B
$3.16M
$2.77M – $3.69M
NOI $221,508 @ 7.0% cap · market cap 8.86%
Second Best
Retail
$2.75M
$2.40M – $3.21M
NOI $192,320 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$3.99M
$3.49M – $4.65M
NOI $279,234 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,746
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Lewisville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 12,000 SF building suitable for various uses in Lewisville.
Where is this office building located?
The property is located at 325 S Cowan Ave Lewisville, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Flexible 12,000 SF building suitable for diverse uses.; Prime location in Lewisville with excellent visibility and accessibility.; Situated on 1.2 acres with ample on‑site parking.
