Office Building with
For Sale
$450,000
376 W Main Street A, Lewisville, TX 75057
Office property with central electric air conditioning and an open concrete parking lot.
Property Size2,076 SF
Price / SF$216.76
Days on Market79
Property Features for 376 W Main Street A
General Information
Standard status
Active
Size
2,076 SF
Building Details
Year Built
1984
Listing Agency:
James Hanking, Broker
Listed By:
Jim Hanking · License #0543503
(972) 345-0609
Source:
Heritance
Added: Aug 3
Changed: Oct 15
Last Checked: Oct 7 at 2:19PM
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 James Hanking, Broker
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Investment Insights
Based on property information with market context.
This office building, constructed in 1984, offers central electric air conditioning and electric heat. Exterior features include a common open concrete parking lot supporting the property’s office use.
The property is located on W Main Street in Lewisville, with access from I-35 North via the Main Street (1171) exit. Office zoning provides the stated land-use designation for the site.
The property is located on W Main Street in Lewisville, with access from I-35 North via the Main Street (1171) exit. Office zoning provides the stated land-use designation for the site.
Key Highlights
- 1984 construction
- Office zoning
- Central electric air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,433
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
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
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 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
—
—
no second resolved use
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,704
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office property with central electric air conditioning and an open concrete parking lot.
Where is this office building located?
The property is located at 376 W Main Street A 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: 1984 construction; Office zoning; Central electric air conditioning
