Three-Building Mixed-Use Retail
For Sale
$995,000
331 Main Street, Lewisville, TX 75057
Sale includes three buildings with kitchens, baths, HVAC, and Old Town Mixed Use 2 zoning for flexible retail uses.
Property Size3,272 SF
Price / SF$304.10
Days on Market196
Property Features for 331 Main Street
General Information
Standard status
Active
Size
3,272 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$5,124
Amenities
Central Air
3
City Road.
Building Details
Year Built
1965
Listing Agency:
Fathom Realty, LLC
(940) 205-3649
Listed By:
Sandra Flowers · License #0641045
(940) 205-3649
Source:
Xome
Added: Jan 24
Changed: Aug 8
Last Checked: Aug 8 at 3:20AM
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 Fathom Realty, LLC
Investment Insights
Based on property information with market context.
This sale includes two parcels and three total buildings located at 331 and 325 E Main Street. Both 331 E Main and 325 E Main are described as having multiple rooms plus kitchens and bathrooms, and each is zoned Old Town Mixed Use 2, with zoning suitability to be verified with city guidelines. The third building is a metal shop equipped with HVAC. The included buildings are being sold together as a single offering.
The properties are positioned at a busy intersection with high visibility along Main Street, with proximity to the I-35 E and Business 121 corridor noted in the listing. Important zoning documents are available at the transaction desk.
Per the information provided, the combined offering includes 331 E Main (1,090 sf), 325 E Main (2,182 sf), plus the metal HVAC-equipped shop. All information is deemed reliable but not guaranteed and should be verified by the buyer and buyer’s agent.
The properties are positioned at a busy intersection with high visibility along Main Street, with proximity to the I-35 E and Business 121 corridor noted in the listing. Important zoning documents are available at the transaction desk.
Per the information provided, the combined offering includes 331 E Main (1,090 sf), 325 E Main (2,182 sf), plus the metal HVAC-equipped shop. All information is deemed reliable but not guaranteed and should be verified by the buyer and buyer’s agent.
Key Highlights
- Three buildings are sold together: 331 E Main St (1,090 SF), 325 E Main St (2,182 SF), plus a metal HVAC‑equipped shop.
- Both 331 and 325 E Main St include multiple rooms, kitchens, and bathrooms.
- Central air cooling is available, and the property includes HVAC on the third building.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,593
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,051,860
$1.1M
Cap Rate 7%
$751,329
$751.3K
Cap Rate 9%
$584,367
$584.4K
Market Conditions
NOI Build-Up for 3,272 SF
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.
Gross rent
$78.9K $24.12/SF
− Vacancy
−$3.8K −$1.16/SF
EGI
$75.1K $22.96/SF
− OpEx
−$22.5K −$6.89/SF
NOI
$52.6K $16.07/SF
Area
Lewisville, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,051,860
Cap Rate 7%
$751,329
Cap Rate 9%
$584,367
Alternative Uses
Best Use
Retail
$751.3K
$657.4K – $876.6K
NOI $52,593 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Murphy USA
Shops & Services
11,223 visits/mo
0.4 miles
Caliber Collision
Shops & Services
889 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wishes Design Flower Shop — 896 N Mill St # 203, Lewisville, TX 75057
- DJ Flowers & Gifts — 533 TX-121 Suite B-3, Lewisville, TX 75067
- Frisby's Florist & Flower Delivery Lewisville TX — 120 e main st, lewisville, tx 75057
- Andy's Floral Events — 155 W Main St STE 200, Lewisville, TX 75057
- Flourish flowers & gifts — 156 W Main St, Lewisville, TX 75057
Frequently Asked Questions
What type of property is this?
Storefront property - Sale includes three buildings with kitchens, baths, HVAC, and Old Town Mixed Use 2 zoning for flexible retail uses.
Where is this storefront property located?
The property is located at 331 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: Three buildings are sold together: 331 E Main St (1,090 SF), 325 E Main St (2,182 SF), plus a metal HVAC‑equipped shop.; Both 331 and 325 E Main St include multiple rooms, kitchens, and bathrooms.; Central air cooling is available, and the property includes HVAC on the third building.
