Flex Garage
753 S Railroad St Unit 101, Lewisville, TX 75057
For Sale
$350,000
Customizable interior space within a controlled-access automotive and industrial community.
Property Size1,602 SF
Price / SF$218.48
Days on Market24
Property Features for 753 S Railroad St Unit 101
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Amenities
gated
controlled access
video surveillance
smartphone enabled entry
Building Details
Year Built
Listing Agency:
Christie's Lone Star
Listed By:
Will Koberg
(214) 821-3336
Source:
Divinerealtygrp
Added: Oct 18
Changed: Nov 8
Last Checked: Nov 8 at 5:45PM
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 Christie's Lone Star
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Investment Insights
Based on property information with market context.
This 1,602-square-foot flex garage and storage suite is part of a 63-suite automotive and industrial community on 3.5 acres. The interior can be customized to suit the owner’s plans, with the property offered as a privately owned suite. Built in 2026, it combines garage and storage space in a flex property format.
The gated community has controlled entry, video surveillance, and smartphone-enabled access. It is in Lewisville near I-35E and SH 121, with access to DFW International Airport and the greater Dallas–Fort Worth area.
The gated community has controlled entry, video surveillance, and smartphone-enabled access. It is in Lewisville near I-35E and SH 121, with access to DFW International Airport and the greater Dallas–Fort Worth area.
Key Highlights
- 1,602‑square‑foot flex garage and storage suite
- Part of a 63‑suite automotive and industrial community on 3.5 acres
- Gated access with video surveillance and smartphone‑enabled entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,223
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,460
$304.5K
Cap Rate 7%
$217,471
$217.5K
Cap Rate 9%
$169,144
$169.1K
Market Conditions
NOI Build-Up for 1,602 SF
Gross rent
$24.0K $15.00/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$21.7K $13.58/SF
− OpEx
−$6.5K −$4.07/SF
NOI
$15.2K $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%
$304,460
Cap Rate 7%
$217,471
Cap Rate 9%
$169,144
Alternative Uses
Best Use
Industrial
$217.5K
$190.3K – $253.7K
NOI $15,223 @ 7.0% cap · market cap 4.35%
Second Best
Flex RnD
$201.9K
$176.7K – $235.6K
NOI $14,136 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$534.1K
$467.3K – $623.1K
NOI $37,387 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
$208,500
Median Home Value
Market
Average Price Trend$/SF for Flex space in Lewisville, TX
Properties on Market for Flex space in Lewisville
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Customizable interior space within a controlled-access automotive and industrial community.
Where is this flex space located?
The property is located at 753 S Railroad St Unit 101 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: 1,602‑square‑foot flex garage and storage suite; Part of a 63‑suite automotive and industrial community on 3.5 acres; Gated access with video surveillance and smartphone‑enabled entry
