Gated Flex Garage
New
For Sale
$350,000
753 S Railroad Street, Lewisville, TX 75057
CommercialSale, Lewisville, TX
Property Size1,250 SF
Lot Size3.40 Acres
Price / SF$280
Days on Market7
Property Features for 753 S Railroad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
INDUSTRIAL / CONDOMINIUM
Parking features
Garage, Gated
Security features
Security
Subdivision
My Personal Garages
Directions
Use Preferred GPS
Standard status
Active
APN
1038330
Lot size
3.40 Acres
Additional Details
Property Use
Flex Garage and Storage
Taxes and HOA fees
Tax Description
LEWISVILLE CONDOMINIUMS BLD 1 UNIT 101
Legal Description
LEWISVILLE CONDOMINIUMS BLD 1 UNIT 101
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
Gated Community
Controlled Access
Video Surveillance
Smartphone Enabled Entry
Building Details
Year built
2026
Floors in Building
2
Number of units
1
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Christie's Lone Star
Listed By:
Will Koberg
(214) 821-3336
Added: Oct 28
Changed: Oct 30
Last Checked: Nov 3 at 2:06AM
MLS# 21422660
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.
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Investment Insights
Based on property information with market context.
This flex property is under construction and is planned as a 63-suite community for privately owned garage and storage space. Each suite is described with a 25' x 50' floor plan, and interiors can be customized. The property includes gated parking, controlled entry, video surveillance, and smartphone-enabled access. Central electric heating and cooling are specified, along with a metal roof and aluminum siding.
The Lewisville property is near I-35E and SH 121, with access to DFW International Airport and the greater Dallas–Fort Worth area. Public water and sewer serve the site. Construction is associated with a 2026 year built.
The Lewisville property is near I-35E and SH 121, with access to DFW International Airport and the greater Dallas–Fort Worth area. Public water and sewer serve the site. Construction is associated with a 2026 year built.
Key Highlights
- 63 privately owned suites
- 25' x 50' floor plan
- Gated community with video surveillance and smartphone‑enabled entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,878
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,560
$237.6K
Cap Rate 7%
$169,686
$169.7K
Cap Rate 9%
$131,978
$132.0K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$18.8K $15.00/SF
− Vacancy
−$1.8K −$1.43/SF
EGI
$17.0K $13.58/SF
− OpEx
−$5.1K −$4.07/SF
NOI
$11.9K $9.50/SF
Area
Lewisville, TX
Vacancy
9.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,560
Cap Rate 7%
$169,686
Cap Rate 9%
$131,978
Alternative Uses
Best Use
Industrial
$169.7K
$148.5K – $198.0K
NOI $11,878 @ 7.0% cap · market cap 3.39%
Second Best
Flex RnD
$157.6K
$137.9K – $183.8K
NOI $11,030 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$416.7K
$364.7K – $486.2K
NOI $29,172 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Private suites feature customizable interiors, video monitoring, and smartphone-enabled entry.
Where is this flex space located?
The property is located at 753 S Railroad Street Lewisville, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 63 privately owned suites; 25' x 50' floor plan; Gated community with video surveillance and smartphone‑enabled entry
