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    Renovated Office Warehouse For Sale Title is generated by Realmo AI

    720 State Highway 121, Lewisville, TX

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    45,000 SF warehouse with renovated office space.

    Type:INDUSTRIAL
    Property size:
    45,000 SF
    Lot size:
    1.75 Acres
    Price / SF:
    $160/SF
    Added:
    Apr 24, 2025
    Days on Market:
    423
    Last Refresh:
    May 20 at 9:28 pm

    Property Features for 720 State Highway 121

    General Information

    Standard status
    Active
    Size
    45,000 SF
    Lot size
    1.75 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Garrett Goldstein
    Garrett Goldstein

    Listing agent Garrett Goldstein

    Listing office Rich Young Company

    Listing date Apr 24, 2025

    Source Moodyscre

    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 Rich Young Company

    HighLights

    • +/- 10,000 sf newly renovated office
    • New ESFR fire protection
    • 2 exterior dock doors

    Overview

    This 45,000 square foot warehouse property features a newly renovated office space of approximately 10,000 square feet. The property is equipped with a new ESFR fire protection system and includes 2 exterior dock doors.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $675.0k $15.00
    − Vacancy −$64.1k −$1.43
    EGI $610.9k $13.58
    − OpEx −$91.6k −$2.04
    NOI $519.2k $11.54
    45,000 SF · lease $15.00/SF/yr · vacancy 9.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $7.42M
    $6.49M – $8.65M (±1% cap)
    NOI $519,244 @ 7.0% cap · market cap 7.21%
    Second Best
    Industrial
    $6.11M
    $5.35M – $7.13M (±1% cap)
    NOI $427,613 @ 7.0% cap · market cap 5.94%
    Theoretical Best
    Office A
    $15.00M
    $13.13M – $17.50M (±1% cap)
    NOI $1,050,192 @ 7.0% cap · market cap 14.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    U.S. Foam Corp. ... Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy

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

    Similar Places Nearby

    • Life Storage — 4800 Windhaven Pkwy, Lewisville, TX 75056
    • Public Storage — 4900 State Hwy 121, Lewisville, TX 75056
    • Cubesmart Self Storage — 4800 Windhaven Pkwy, Lewisville, TX 75056
    • Melrose Self Storage Unit — 3755 Main St, The Colony, TX 75056
    • Easi Self Storage Units — 4777 Memorial Dr, The Colony, TX 75056

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9809
    Latitude
    33.0414

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    FAQs

    What type of property is this?
    Warehouse - 45,000 SF warehouse with renovated office space.
    Where is this warehouse located?
    The property is located at 720 State Highway 121 Lewisville, TX.
    What is the asking price?
    The asking price for this property is $7,200,000.
    What are key features of this property?
    This property features: +/- 10,000 sf newly renovated office; New ESFR fire protection; 2 exterior dock doors
    (214) 364-0674 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Garrett Goldstein
    Garrett Goldstein
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