Flex Space with Custom
For Sale
$475,000
753 S Railroad St Unit 202, Lewisville, TX 75057
Gated access, a private lounge, custom bathroom, and climate-controlled wine cellar support multiple commercial uses.
Property Size1,602 SF
Price / SF$296.50
Days on Market86
Property Features for 753 S Railroad St Unit 202
General Information
Standard status
Active
Size
1,602 SF
Amenities
private lounge with fireplace
custom bathroom
climate-controlled wine cellar
gated access
Building Details
Year Built
2026
Construction
contemporary industrial
Listing Agency:
Phillips Realty Group & Assoc
Listed By:
Valerie Dusek · License #0759419
(214) 432-4416
Source:
Heritance
Added: Jul 21
Changed: Sep 29
Last Checked: Oct 7 at 2:41PM
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 suite at 753 S Railroad St Unit 202 features a 25' x 50' open layout with tall ceilings, epoxy flooring, and contemporary industrial design. A custom mezzanine expands the usable area, while the interior includes a private lounge with fireplace, custom bathroom, and climate-controlled wine cellar. Built in 2026, the suite combines functional workspace with distinctive specialty improvements.
The property is part of a gated 3.5-acre development containing 63 privately owned suites. Its adaptable configuration can support luxury vehicle storage, an automotive gallery, executive office, showroom, or creative studio, as expressly suited to the owner's intended use.
The property is part of a gated 3.5-acre development containing 63 privately owned suites. Its adaptable configuration can support luxury vehicle storage, an automotive gallery, executive office, showroom, or creative studio, as expressly suited to the owner's intended use.
Key Highlights
- 1,602‑square‑foot flex suite with a 25' x 50' floorplan
- Custom mezzanine adds usable space within the open layout
- Private lounge with fireplace and custom bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,750
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Gated access, a private lounge, custom bathroom, and climate-controlled wine cellar support multiple commercial uses.
Where is this flex space located?
The property is located at 753 S Railroad St Unit 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 suite with a 25' x 50' floorplan; Custom mezzanine adds usable space within the open layout; Private lounge with fireplace and custom bathroom
