Multi-Tenant Flex
New
For Sale
$1,980,000
519 Bennett Lane, Lewisville, TX 75057
Fully occupied suites pair office buildouts and private restrooms with roll-up access and air conditioning.
Property Size8,050 SF
Lot Size1.00 Acre
Price / SF$215.22
Days on Market4
Property Features for 519 Bennett Lane
General Information
Standard status
Active
Size
8,050 SF
Total Parking Spaces
23
Lot size
1.00 Acre
Property subtype
Industrial
Occupancy
100%
Additional Details
Cap Rate
7%
Highway Access
Yes
Conditioned Warehouse
Yes
Tenant in Place
Yes
Property Use
Industrial Flex
Taxes and HOA fees
Annual Taxes
$11,225
Building Details
Building Size
8,050 SF
Year Built
2007
Buildings
2
Construction
brick
Tenancy
Multi
Listing Agency:
Calloway Real Estate LLC
Listed By:
Matt Calloway · License #0594740
(214) 995-9091
Source:
Baerealty
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 1:57PM
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 Calloway Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two brick buildings constructed in 2007 provide approximately 9,200 square feet of gross building area, with approximately 8,050 square feet of main usable space. The property occupies approximately 1 acre and contains eight tenant suites, all fully occupied. Each suite has an office buildout, a private restroom, roll-up door access and air conditioning. Standing seam metal roofing and a concrete parking lot are also in place.
The parking lot accommodates 23 vehicles, with two spaces designated for each tenant, two accessible spaces and five overflow spaces. Interstate 35 and Sam Rayburn Tollway 121 are nearby. The property is offered at a 7% cap rate.
The parking lot accommodates 23 vehicles, with two spaces designated for each tenant, two accessible spaces and five overflow spaces. Interstate 35 and Sam Rayburn Tollway 121 are nearby. The property is offered at a 7% cap rate.
Key Highlights
- Two brick buildings totaling approximately 9,200 square feet gross building area
- Approximately 8,050 square feet of main usable space across 8 tenant suites
- 100% occupancy; offered at a 7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,157
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,140
$2.1M
Cap Rate 7%
$1,516,529
$1.5M
Cap Rate 9%
$1,179,522
$1.2M
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$138.0K $15.00/SF
− Vacancy
−$13.1K −$1.43/SF
EGI
$124.9K $13.58/SF
− OpEx
−$18.7K −$2.04/SF
NOI
$106.2K $11.54/SF
Area
Lewisville, TX
Vacancy
9.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,123,140
Cap Rate 7%
$1,516,529
Cap Rate 9%
$1,179,522
Alternative Uses
Best Use
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,157 @ 7.0% cap · market cap 5.36%
Second Best
Industrial
$1.25M
$1.09M – $1.46M
NOI $87,423 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,706 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Seven Loaves Catering & Events — 1305 State Hwy 121 suite 400, Lewisville, TX 75067
Frequently Asked Questions
What type of property is this?
Flex space - Fully occupied suites pair office buildouts and private restrooms with roll-up access and air conditioning.
Where is this flex space located?
The property is located at 519 Bennett Lane Lewisville, TX.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Two brick buildings totaling approximately 9,200 square feet gross building area; Approximately 8,050 square feet of main usable space across 8 tenant suites; 100% occupancy; offered at a 7% cap rate
