Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Shovel-Ready Indoor Sports Facility Site Title is generated by Realmo AI

    614 S Edmonds Lane, Lewisville, TX 75067

    View on Map
    Claim this Listing
    For Sale
    $1,000,000

    LAND - Lewisville, TX

    Type:Retail
    Lot size:
    1.04 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    55
    Last Refresh:
    Jun 2 at 8:06 pm

    Property Features for 614 S Edmonds Lane

    General Information

    Property type
    Land
    Property subtype
    Retail
    Standard status
    Active
    APN
    R78881
    Lot size
    1.04 Acres

    Taxes and HOA fees

    Tax Description
    QUAILCREST BLK H LOT 2
    Tax Annual Amount
    6202

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Michael Smith
    Michael Smith

    Listing agent Michael Smith License #0635303

    Listing office Airstream Realty LLC Austin, TX

    Listing date Apr 9, 2026

    MLS# 21231640 Listing URL

    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.

    HighLights

    • Fully permitted and construction‑ready 1.04‑acre site, eliminating the 12‑18 month entitlement process.
    • Prime location in Central Lewisville adjacent to Lewisville High School.
    • Entitled for a 16,000 SF indoor sports facility accommodating pickleball, padel, golf, and fitness.
    • Zoned General Business and surrounded by established retail, commercial, and dense residential areas.
    • SBA eligible with approximately $550K down on a $2.75M total project.
    • Proforma at stabilization projects approximately $256K annual income.

    Overview

    This 1.04-acre site in Lewisville, TX, is fully permitted and construction-ready for a 16,000 SF indoor sports facility. The site is zoned General Business and is located off I-35, surrounded by established retail, commercial properties, and dense residential areas. The approved permits include civil and building aspects, which saves on soft costs and eliminates entitlement uncertainty. The facility can accommodate pickleball, padel, golf, and fitness activities. The location is adjacent to Lewisville High School (4,162 students), two middle schools, and the LISD Learning Center. There are 32 on-site parking spaces, with up to 15 additional spaces available via an adjacent lease at $1.88 per space per month. All utilities are available, with service letters in hand. The site is eligible for SBA financing, with approximately $550K down on a $2.75M total project. The proforma at stabilization projects approximately $256K in annual income, a 14.3% cash-on-cash return, and an approximate value of $3.65M at a 7% cap rate. The site is located in central Lewisville, positioning the facility to capture youth programming, after-school leagues, and family memberships.
    Location Intelligence

    Current Use by Public Records

    Fastest Labs of Lewisville Drug Testing Service Kate Marie Portraiture Photography Service Juana Kids Fun ... Big Box & Wholesale Store Mottl Jr Steven ... Physician Sarah C. Canales, ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -97.0105795
    Latitude
    33.0411145

    Nearby Similar for Sale

    • $1,980,000
      9,200 SF

      Lewisville Industrial Flex Investment Property

      Fully leased industrial flex property in a prime Lewisville location.
      519 Bennett Lane, Lewisville, TX 75057
      View Details
    • $1,100,000
      9,400 SF

      Turnkey Childcare Building in Lewisville

      9,400 SF building on 0.64 acres, multiple uses.
      662 S Edmonds Lane, Lewisville, TX 75067
      View Details
    • $575,000
      1,560 SF

      Turn-Key Office Suite in Lewisville

      High-visibility office suite near Hwy 121 and I-35.
      2681 Macarthur Boulevard, Lewisville, TX 75067
      View Details
    • $995,000
      3,272 SF

      Main Street Retail Opportunity

      Prime commercial property with multiple buildings in Lewisville, Texas.
      331 E Main Street, Lewisville, TX 75057
      View Details
    • $1,199,995

      High-Visibility Automotive Retail Location

      Prime location for automotive retail with excellent highway frontage.
      1506 S State Highway 121, Lewisville, TX 75067
      View Details
    • $1,990,000

      Lewisville Commercial Property For Sale

      Versatile commercial property with retail, office, and service use potential.
      2345 State Highway 121, Lewisville, TX 75056
      View Details
    • $1,200,000
      4,573 SF

      Lewisville Church with Development Potential

      Church with 1.85 acres, development potential, and office use.
      681 Mckenzie Street, Lewisville, TX 75057
      View Details
    • $1,295,000

      Multi-Tenant Office Building in Lewisville

      Multi-tenant office property near Old Town Lewisville, offering consistent rental income.
      915-921 N Mill 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
    • $2,100,000

      Prime Land in Lewisville, TX

      9.78 acres of land in the heart of Lewisville, TX.
      1205 N Mill Street, Lewisville, TX 75057
      View Details
    • $450,000

      Downtown Lewisville Office Condo

      Well-maintained office condo with private offices, reception, and kitchen.
      376 W Main Street, Lewisville, TX 75057
      View Details
    • $419,900

      Luxury Office Building in Lewisville

      Move-in ready office space ideal for medical or professional use.
      870 HEBRON Parkway, Lewisville, TX 75057
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.04-acre site with permits for indoor sports facility.
    Where is this commercial land located?
    The property is located at 614 S Edmonds Lane Lewisville, TX.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Fully permitted and construction‑ready 1.04‑acre site, eliminating the 12‑18 month entitlement process.; Prime location in Central Lewisville adjacent to Lewisville High School.; Entitled for a 16,000 SF indoor sports facility accommodating pickleball, padel, golf, and fitness.
    (512) 763-2559
    We can help!
    Listing Contact
    Michael Smith
    Michael Smith
    Real Estate License ID: 0635303
    Learn More
    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
    614 S Edmonds Lane, 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!