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 Market57
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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
Listed By:
Russ Webb · License #TX #488983
(817) 233-7100
Source:
Silveroakcre
Added: Aug 20
Changed: Oct 3
Last Checked: Oct 14 at 8:24PM
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 / Yr
$101,822
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
