Updated Mixed-Use
For Sale
$1,546,050
551 North Valley Parkway, Lewisville, TX 75067
Flexible commercial layout includes offices, gathering areas, and a courtyard with covered outdoor space.
Property Size5,622 SF
Price / SF$281.10
Days on Market12
Property Features for 551 North Valley Parkway
General Information
Standard status
Active
Size
5,622 SF
Class
A
Property subtype
Office
Amenities
private outdoor courtyard
covered patio
monument signage
Building Details
Building Size
5,622 SF
Construction
brick
Listing Agency:
Silver Oak Commercial Realty
(817) 233-7100
Listed By:
Russ Webb · License #TX #488983
(817) 233-7100
Source:
Silveroakcre
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 30 at 4:48PM
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 Silver Oak Commercial Realty
Investment Insights
Based on property information with market context.
This approximately 5,500-square-foot mixed-use property combines an open event room with multiple private offices, a conference room, reception area, lounge spaces, kitchen and break facilities, and several storage rooms. Updated flooring, neutral finishes, and contemporary lighting support a cohesive interior presentation. The building also provides a private courtyard, covered patio, on-site parking, brick construction, and monument signage along North Valley Parkway.
Located at 551 North Valley Parkway in Lewisville, Texas, the property offers both indoor and outdoor areas suited to gatherings. The event room is rented throughout much of the week, while the existing office and meeting layout provides additional operational flexibility. Storage areas may be adapted for meeting or workspace needs, subject to applicable requirements.
Located at 551 North Valley Parkway in Lewisville, Texas, the property offers both indoor and outdoor areas suited to gatherings. The event room is rented throughout much of the week, while the existing office and meeting layout provides additional operational flexibility. Storage areas may be adapted for meeting or workspace needs, subject to applicable requirements.
Key Highlights
- Approximately 5,500 SF of updated interior space
- Open event room rented throughout much of the week
- Multiple private offices, conference room, reception area, and lounge spaces
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
$101,822
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
6.59%
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%
$2,036,440
$2.0M
Cap Rate 7%
$1,454,600
$1.5M
Cap Rate 9%
$1,131,356
$1.1M
Market Conditions
NOI Build-Up for 5,500 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
$181.5K $33.00/SF
− Vacancy
−$45.7K −$8.32/SF
EGI
$135.8K $24.68/SF
− OpEx
−$33.9K −$6.17/SF
NOI
$101.8K $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%
$2,036,440
Cap Rate 7%
$1,454,600
Cap Rate 9%
$1,131,356
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.70M
NOI $101,822 @ 7.0% cap · market cap 6.59%
Second Best
Mixed Use
$1.30M
$1.13M – $1.51M
NOI $90,750 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,357 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
Explore this area
Business Placement
Demographics for 75067, TX
68,734
Population
28,990
Households
2.4
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
5,091
Density / Sq Mi
$76,630
Median Household Income
$45,448
Median Earnings
$1,506
Median Rent
$321,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial layout includes offices, gathering areas, and a courtyard with covered outdoor space.
Where is this mixed-use property located?
The property is located at 551 North Valley Parkway Lewisville, TX.
What is the asking price?
The asking price for this property is $1,546,050.
What are key features of this property?
This property features: Approximately 5,500 SF of updated interior space; Open event room rented throughout much of the week; Multiple private offices, conference room, reception area, and lounge spaces
