Downtown Lewisville Office For
For Sale
Contact for pricing
376 W Main St, Lewisville, TX 75057
Office space in Old Town Lewisville with Main St frontage.
Property Size2,076 SF
Price / SF$216.76
Days on Market75
Property Features for 376 W Main St
General Information
Standard status
Active
Size
2,076 SF
Property subtype
Office
Zoning
Office - OF001
Investment Type
Owner/User
Listing Agency:
Stag Commercial
(972) 345-0609
Listed By:
Jim Hanking · License #TX
Source:
Crexi
Added: May 26
Changed: Aug 8
Last Checked: Aug 8 at 7:35AM
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 Stag Commercial
Investment Insights
Based on property information with market context.
This 2076-square-foot office is located in Downtown Lewisville, specifically in the Old Town area. The property fronts Main Street and offers ample parking. According to the listing, it is suitable for use as a professional or medical office.
Key Highlights
- Large office space suitable for professional or medical use.
- Prime location in Downtown Lewisville's Old Town.
- Main Street frontage offering high visibility.
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
$38,433
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
8.54%
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%
$768,660
$768.7K
Cap Rate 7%
$549,043
$549.0K
Cap Rate 9%
$427,033
$427.0K
Market Conditions
NOI Build-Up for 2,076 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
$68.5K $33.00/SF
− Vacancy
−$17.3K −$8.32/SF
EGI
$51.2K $24.68/SF
− OpEx
−$12.8K −$6.17/SF
NOI
$38.4K $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 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%
$768,660
Cap Rate 7%
$549,043
Cap Rate 9%
$427,033
Alternative Uses
Best Use
Office B
$549.0K
$480.4K – $640.6K
NOI $38,433 @ 7.0% cap · market cap 8.54%
Second Best
Healthcare Medical
$432.4K
$378.4K – $504.5K
NOI $30,268 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$692.1K
$605.6K – $807.5K
NOI $48,449 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
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- Lewisville North Animal Clinic: Avcock E DVM — 121 Degan Ave, Lewisville, TX 75057
- Dr. Judy Johnson — 121 Degan Ave, Lewisville, TX 75057
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office space in Old Town Lewisville with Main St frontage.
Where is this medical office space located?
The property is located at 376 W Main St Lewisville, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Large office space suitable for professional or medical use.; Prime location in Downtown Lewisville's Old Town.; Main Street frontage offering high visibility.
