Industrial Flex
New
For Sale
$2,999,959
729 Cowan Avenue, Lewisville, TX 75057
LI zoning, substantial yard area, and a separately leased office component support flexible industrial operations.
Property Size7,125 SF
Lot Size2.12 Acres
Price / SF$421.05
Days on Market6
Property Features for 729 Cowan Avenue
General Information
Standard status
Active
Size
7,125 SF
Lot size
2.12 Acres
Property subtype
Industrial
Zoning
Light Industrial (LI)
Warehouse & Industrial
Clear Height
22 ft
Warehouse Space
7,200 SF
Office Build-Out
1,330 SF
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$12,415
Amenities
Electric
3
Acreage, Clear lot.
Building Details
Year Built
2002
Listing Agency:
Keller Williams Realty-FM
(972) 249-7252
Listed By:
Ryan Collinsworth · License #530023
(972) 249-7252
Source:
Xome
Added: Jul 28
Changed: Aug 2
Last Checked: Aug 2 at 3:17AM
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 Keller Williams Realty-FM
Investment Insights
Based on property information with market context.
This Lewisville industrial property occupies 2.12 acres and includes a warehouse facility with 22-foot clear heights, a 14-foot rolling door height, 3-phase electrical service, and more than six grade-level overhead doors. The improvements are suited to manufacturing, warehousing, fabrication, fleet operations, and distribution uses identified for the property. A separate 1,330-square-foot office building is currently leased, while the warehouse can accommodate owner occupancy or separate leasing. The property is zoned Light Industrial (LI) and includes multiple parcels. An additional 0.60 acres is available if needed.
Key Highlights
- 2.12‑acre industrial property in Lewisville, Texas
- Light Industrial (LI) zoning
- Warehouse with 22‑foot clear heights
Financial Insights For Office B
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 | $235.1k | $33.00 |
| − Vacancy | −$59.3k | −$8.32 |
| EGI | $175.9k | $24.68 |
| − OpEx | −$44.0k | −$6.17 |
| NOI | $131.9k | $18.51 |
7,125 SF · lease $33.00/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.88M
$1.65M – $2.20M
NOI $131,905 @ 7.0% cap · market cap 4.40%
Second Best
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,214 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,280 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
22 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,730
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Heads or Tails Cajun Crawfish — 1550 N Kealy Ave Building 4 Suite A, Lewisville, TX 75057
- Fat Cow BBQ — 850 Valley Ridge Blvd #128, Lewisville, TX 75077
Frequently Asked Questions
What type of property is this?
Flex space - LI zoning, substantial yard area, and a separately leased office component support flexible industrial operations.
Where is this flex space located?
The property is located at 729 Cowan Avenue Lewisville, TX.
What is the asking price?
The asking price for this property is $2,999,959.
What are key features of this property?
This property features: 2.12‑acre industrial property in Lewisville, Texas; Light Industrial (LI) zoning; Warehouse with 22‑foot clear heights
