Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lewisville Retail Shopping Center For Sale Title is generated by Realmo AI

    500 E ROUND GROVE RD, Lewisville, TX 75067

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    74,837 SF community shopping center in a prime location.

    Type:Commercial
    Property size:
    74,837 SF
    Added:
    Apr 8, 2026
    Days on Market:
    58
    Last Refresh:
    Apr 3 at 5:03 am

    Property Features for 500 E ROUND GROVE RD

    General Information

    Standard status
    Active
    Size
    74,837 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Kevin Butkus
    Kevin Butkus

    Listing agent Kevin Butkus License #678298

    Listing office The Weitzman Group | Dallas

    Listing date Apr 8, 2026

    Source Weitzmangroup

    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 The Weitzman Group | Dallas

    HighLights

    • Anchored by Texas Family Fitness and Harbor Freight Tools.
    • 91.4% occupied with a healthy mix of tenants.
    • Located in the area’s primary retail node.
    • Good access and visibility on E Round Grove Road (FM 3040) and MacArthur Boulevard.
    • High traffic count of 62,371 vehicles per day.
    • 74,837‑square‑foot community shopping center built in 1996.

    Overview

    This 74,837-square-foot community shopping center, constructed in 1996, is anchored by Texas Family Fitness and Harbor Freight Tools. The property is situated at the southeast corner of E Round Grove Road (FM 3040) and MacArthur Boulevard, placing it within the area’s primary retail hub. The location benefits from good access and visibility along a major thoroughfare in Lewisville, which sees a combined traffic count of 62,371 vehicles per day. The shopping center is 91.4% occupied, featuring a mix of neighborhood-friendly retail, restaurant, fitness, beauty, and service tenants. Nearby retailers include Ross, Marshalls, Michaels, Total Wine, Chick-Fil-A, and McDonald’s.
    Property Profile Location Intelligence

    Current Use by Public Records

    Planet Fitness Gym & Fitness Center Sophi Beauty Salon ... (Bike/Boat/Book/etc) Store Lash.Longer Hair Salon Yuri Hairdresser Hair Salon The Card Haven (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Eagle Lake Vista Shopping Center — 755 Texas 121 Business, Lewisville, TX 75057
    • fi.d.o — Petco, 420 FM3040 #680, Lewisville, TX 75067
    • Quick-Tag — Walmart, 190 E Round Grove Rd, Lewisville, TX 75067
    • Dallas shoe warehouse — Lewisville, TX 75067
    • American Beauty Avenue — 292 E Round Grove Rd, Lewisville, TX 75067

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9771121
    Latitude
    33.0033798

    Nearby Similar for Sale

    • $575,000
      1,560 SF

      Turn-Key Office Suite

      Leased through September 2026, this office suite offers a professional layout with private offices, conference space, and modern finishes.
      2681 Macarthur Boulevard, Lewisville, TX 75067
      View Details
    • $1,980,000

      Fully Leased Industrial Flex Investment

      Two well-maintained brick flex buildings with professional tenant buildouts, roll-up access, and 100% air conditioning for stable income.
      519 Bennett Lane, Lewisville, TX 75057
      View Details
    • $1,100,000

      Turnkey Childcare Retail Building

      Turnkey childcare facility with multiple classrooms and flexible zoning for retail and special-purpose uses.
      662 S Edmonds Lane, Lewisville, TX 75067
      View Details
    • $1,990,000

      Bank-Converted Office and Showroom

      General Business property with bank-era vault, 9+ offices, and 100% air—suited for showroom or service uses.
      2345 State Highway 121, Lewisville, TX 75056
      View Details
    • $1,295,000

      Multi-Tenant Office Building

      Four-unit office configuration offers investors potential for steadier rental income near Old Town Lewisville.
      915-921 N Mill Street, Lewisville, TX 75057
      View Details
    • $1,199,995

      Automotive Dealership Site

      High-visibility site with highway frontage and approvals for automotive dealership use, designed to support on-site vehicle display.
      1506 S State Highway 121, Lewisville, TX 75067
      View Details
    • $450,000

      Office Condo with Reception Area

      Well-maintained office condo featuring five private offices, a large reception or work area, and two restrooms.
      376 W Main Street, Lewisville, TX 75057
      View Details
    • $995,000

      Three-Building Mixed-Use Compound

      Two primary structures plus a metal HVAC-equipped shop offer flexible mixed-use space with prominent Main Street visibility.
      331 E Main Street, Lewisville, TX 75057
      View Details
    • $2,900,000

      Specialty Commercial Property

      Specialty commercial real estate offered with a business component at a Denton County address in Lewisville.
      2561 Macarthur Boulevard, Lewisville, TX 75067
      View Details
    • $417,900

      Luxury Office Building in Office Park

      Move-in ready suite with designer finishes, ample parking, and flexibility for sale or leasing.
      870 HEBRON Parkway, Lewisville, TX 75057
      View Details
    • $419,000

      Luxury Medical Office Suite

      Leased luxury office suite with multiple private offices, conference room, reception area, and kitchen in a prestigious office park.
      870 Hebron Parkway, Lewisville, TX 75057
      View Details
    • $125,000
      3,500 SF

      Family Restaurant Business Opportunity

      Well-equipped restaurant inside a high-visibility shopping center, offering immediate food-service income with kitchen equipment and inventory included.
      500 E Round Road, Lewisville, TX 75067
      View Details

    FAQs

    What type of property is this?
    Shopping center - 74,837 SF community shopping center in a prime location.
    Where is this shopping center located?
    The property is located at 500 E ROUND GROVE RD Lewisville, TX.
    What are key features of this property?
    This property features: Anchored by Texas Family Fitness and Harbor Freight Tools.; 91.4% occupied with a healthy mix of tenants.; Located in the area’s primary retail node.
    (214) 720-6683
    We can help!
    Listing Contact
    Kevin Butkus
    Kevin Butkus
    Real Estate License ID: 678298
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    500 E ROUND GROVE RD, Lewisville, TX 75067
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!