Luxury Flex Space with
For Sale
$475,000
753 S Railroad Street #202 202, Lewisville, TX 75057
Customized gated flex space with a loft-style layout, private lounge, custom bathroom, and climate-controlled wine cellar.
Property Size1,602 SF
Price / SF$296.50
Days on Market40
Property Features for 753 S Railroad Street #202 202
General Information
Standard status
Active
Size
1,602 SF
Property subtype
CommercialSale
Amenities
private lounge with fireplace
custom bathroom
climate-controlled custom wine cellar
gated access
Building Details
Construction
contemporary industrial
Tenancy
Single
Listing Agency:
Phillips Realty Group & Assoc
(214) 432-4416
Listed By:
Valerie Dusek
Source:
Diligentcre
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 29 at 10:54AM
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 Phillips Realty Group & Assoc
Investment Insights
Based on property information with market context.
This 1,602-square-foot flex space features a 25' x 50' open floorplan with soaring ceilings, epoxy flooring, contemporary industrial finishes, and a custom mezzanine. Interior improvements include a private lounge with fireplace, custom bathroom, and climate-controlled wine cellar. The adaptable configuration can support luxury vehicle storage, an automotive gallery, executive office, showroom, or creative studio, as described in the property information.
The unit is located within a gated 3.5-acre development comprising 63 privately owned suites. Gated access provides a defined setting for owners and occupants, while the combination of open floor area, elevated mezzanine space, and specialized interior amenities supports flexible personal or commercial use.
The unit is located within a gated 3.5-acre development comprising 63 privately owned suites. Gated access provides a defined setting for owners and occupants, while the combination of open floor area, elevated mezzanine space, and specialized interior amenities supports flexible personal or commercial use.
Key Highlights
- 1,602‑square‑foot flex space with a 25' x 50' floorplan
- Custom mezzanine adds usable elevated space to the open layout
- Private lounge with fireplace and custom bathroom
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
$25,750
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
5.42%
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%
$515,000
$515.0K
Cap Rate 7%
$367,857
$367.9K
Cap Rate 9%
$286,111
$286.1K
Market Conditions
NOI Build-Up for 1,602 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
$38.6K $24.12/SF
− Vacancy
−$1.9K −$1.16/SF
EGI
$36.8K $22.96/SF
− OpEx
−$11.0K −$6.89/SF
NOI
$25.7K $16.07/SF
Area
Lewisville, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$515,000
Cap Rate 7%
$367,857
Cap Rate 9%
$286,111
Alternative Uses
Best Use
Retail
$367.9K
$321.9K – $429.2K
NOI $25,750 @ 7.0% cap · market cap 5.42%
Second Best
Industrial
$217.5K
$190.3K – $253.7K
NOI $15,223 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$534.1K
$467.3K – $623.1K
NOI $37,387 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,006
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Customized gated flex space with a loft-style layout, private lounge, custom bathroom, and climate-controlled wine cellar.
Where is this flex space located?
The property is located at 753 S Railroad Street #202 202 Lewisville, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,602‑square‑foot flex space with a 25' x 50' floorplan; Custom mezzanine adds usable elevated space to the open layout; Private lounge with fireplace and custom bathroom
