Flex Space with Fenced
New
For Sale
$1,199,000
537 S Kealy Avenue, Lewisville, TX 75057
CommercialSale, Lewisville, TX
Property Size5,500 SF
Lot Size0.36 Acres
Price / SF$218
Days on Market2
Property Features for 537 S Kealy Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Light Industrial-LI
Parking features
Garage, Driveway
Subdivision
Cb Exteriors Add
Directions
SEE GPS
Standard status
Active
APN
R767324
Lot size
0.36 Acres
Taxes and HOA fees
Tax Description
CB EXTERIORS ADDITION BLK A LOT 1 (PT)
Tax Annual Amount
9469
Legal Description
CB EXTERIORS ADDITION BLK A LOT 1 (PT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
1
Flooring type
Concrete, Tile
Building materials
Block, Concrete, WoodSiding
Roof type
Composition
Listing Agency:
Post Oak Realty, LLC
Listed By:
Kristopher Martin · License #0611737
(940) 384-7355
Added: Oct 6
Last Checked: Oct 7 at 5:06PM
MLS# 21404853
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,500-square-foot flex property combines office and warehouse space with a fenced outdoor yard. The 0.36-acre site is zoned Light Industrial and includes driveway and garage parking. Built in 1958, the building has block, concrete, and wood siding construction, with tile and concrete flooring.
At 537 S Kealy Avenue in Lewisville’s Old Town area, the property is located minutes from I-35, with access to businesses, restaurants, and services in the surrounding area.
At 537 S Kealy Avenue in Lewisville’s Old Town area, the property is located minutes from I-35, with access to businesses, restaurants, and services in the surrounding area.
Key Highlights
- 5,500‑square‑foot building on a 0.36‑acre lot
- Office and warehouse areas with a fenced storage yard
- Light Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,463
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,269,260
$1.3M
Cap Rate 7%
$906,614
$906.6K
Cap Rate 9%
$705,144
$705.1K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$82.5K $15.00/SF
− Vacancy
−$7.8K −$1.43/SF
EGI
$74.7K $13.58/SF
− OpEx
−$11.2K −$2.04/SF
NOI
$63.5K $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%
$1,269,260
Cap Rate 7%
$906,614
Cap Rate 9%
$705,144
Alternative Uses
Best Use
Warehouse
$906.6K
$793.3K – $1.06M
NOI $63,463 @ 7.0% cap · market cap 5.29%
Second Best
Industrial
$746.6K
$653.3K – $871.1K
NOI $52,264 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,357 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,385
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are paired with outdoor storage on a Light Industrial-zoned property.
Where is this flex space located?
The property is located at 537 S Kealy Avenue Lewisville, TX.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 5,500‑square‑foot building on a 0.36‑acre lot; Office and warehouse areas with a fenced storage yard; Light Industrial zoning
