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 Market40
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
(214) 432-4416
Listed By:
Valerie Dusek
Source:
Minteerteam
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 25 at 5:10AM
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 = 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
Property Profile
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
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 - 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
