Flex Space with Custom
New
For Sale
$475,000
753 S Railroad Street 202, Lewisville, TX 75057
Open-concept interior includes a private lounge, custom bathroom, and climate-controlled wine cellar.
Property Size1,602 SF
Price / SF$296.50
Days on Market5
Property Features for 753 S Railroad Street 202
General Information
Standard status
Active
Size
1,602 SF
Property subtype
Office
Additional Details
Cold Storage
Yes
Property Use
Garage
Amenities
private lounge with fireplace
custom bathroom
climate-controlled wine cellar
gated access
Building Details
Building Size
1,602 SF
Year Built
2026
Listing Agency:
SERHANT
Listed By:
Alvarez Signature Group
(214) 206-9640
Source:
Alvarezsignaturegroup
Added: Oct 26
Last Checked: Oct 26 at 3:28PM
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 SERHANT
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Investment Insights
Based on property information with market context.
This 1,602-square-foot flex suite, built in 2026, features an open 25' x 50' floorplan with epoxy flooring and a custom mezzanine. Interior improvements include a private lounge with a fireplace, a custom bathroom, and a climate-controlled wine cellar. The layout is designed for vehicle storage, recreational equipment, or showroom use.
The suite is part of a gated 3.5-acre development with 63 privately owned suites. Its interior combines open floor area with a mezzanine and dedicated lounge and bathroom spaces.
The suite is part of a gated 3.5-acre development with 63 privately owned suites. Its interior combines open floor area with a mezzanine and dedicated lounge and bathroom spaces.
Key Highlights
- 1,602‑square‑foot suite with a 25' x 50' floorplan
- Custom‑built mezzanine and epoxy flooring
- Private lounge with fireplace and custom bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,223
Cap Rate
3.20%
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 3.20%
Second Best
Flex RnD
$201.9K
$176.7K – $235.6K
NOI $14,136 @ 7.0% cap · market cap 2.98%
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Balanced
Demand for This Use
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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 - Open-concept interior includes a 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 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 suite with a 25' x 50' floorplan; Custom‑built mezzanine and epoxy flooring; Private lounge with fireplace and custom bathroom
