Versatile Building in Prime
325 S Cowan Avenue, Lewisville, TX 75057
Adaptable 12,000 SF building suitable for diverse uses.
Type:Commercial/Industrial
Property size:
12,000 SFLot size:
1.13 AcresPrice / SF:
$208/SF- Added:
- Mar 12, 2026
- Days on Market:
- 81
- Last Refresh:
- Apr 5 at 8:38 pm
Property Features for 325 S Cowan Avenue
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 1.13 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1990
Listing agent Courtney Moeller License #0755436
Listing office Ebby Halliday Realtors (972) 539-3000
Listing date Mar 12, 2026
Source Exitrealty
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
HighLights
- Flexible ± 12,000 SF building suitable for diverse uses.
- Prime Lewisville location with excellent visibility and accessibility.
- Situated on a large ± 1.2‑acre lot with ample on‑site parking.
- Proximity to Medical City and thriving multifamily development.
- Existing infrastructure supports multiple configurations and customization.
- Features high ceilings, open spaces, multiple offices, and classrooms.
Overview
This expansive building, encompassing approximately 12,000 square feet, offers a flexible layout suitable for a variety of uses, including single-family residential, multi-family residential, educational, religious, retail, commercial, and office purposes. Situated on approximately 1.2 acres, the property features high ceilings, open spaces, multiple offices, classrooms, and ample on-site parking. Its prime location in Lewisville 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 located one block from Medical City, an area where medical office buildings are becoming increasingly common. Additionally, the property is one block from the historic Lewisville downtown, where multifamily development has been thriving.
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 | $396.0k | $33.00 |
| − Vacancy | −$99.8k | −$8.32 |
| EGI | $296.2k | $24.68 |
| − OpEx | −$74.1k | −$6.17 |
| NOI | $222.2k | $18.51 |
12,000 SF · lease $33.00/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.17M
$2.78M – $3.70M
NOI $222,156 @ 7.0% cap · market cap 8.89%
Second Best
Mixed Use
$2.83M
$2.48M – $3.30M
NOI $198,000 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,051 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Central Baptist Church
Church
Location Insight
- Map
- Local Demand
- City
- Lewisville
- County
- Denton
- State
- Texas
- Longitude
- -97.0016
- Latitude
- 33.0439
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Adaptable 12,000 SF building suitable for diverse uses.
Where is this mixed-use property located?
The property is located at 325 S Cowan Avenue 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 Lewisville location with excellent visibility and accessibility.; Situated on a large ± 1.2‑acre lot with ample on‑site parking.
