Flex Office Building with Drive-In
808 Office Park Circle, Lewisville, TX 75057
For Sale
Contact for pricing
GB Commercial zoning and a drive-in door support the property's flex configuration.
Property Size11,400 SF
Lot Size1.29 Acres
Price / SF$197.37
Days on Market13
Property Features for 808 Office Park Circle
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Drive-In Doors
Property Use
Amenities
drive-in door
Building Details
Year Built
Buildings
Building Size
Construction
Parking Ratio
Listing Agency:
CBRE - Dallas McKinney
Listed By:
Doug Carignan · License #TX 474212
(214) 979-6141
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 3:58PM
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 CBRE - Dallas McKinney
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Investment Insights
Based on property information with market context.
This 11,400-SF flex building occupies approximately 1.29 acres and was constructed in 1998. The Class B property combines metal and stucco exterior materials with a drive-in door. On-site parking totals 46 spaces, or approximately 4.0 spaces per 1,000 SF, and the property is zoned GB Commercial.
Located at 808 Office Park Circle in Lewisville, the property offers a flex configuration with office space and vehicle access through the drive-in door.
Located at 808 Office Park Circle in Lewisville, the property offers a flex configuration with office space and vehicle access through the drive-in door.
Key Highlights
- 11,400 SF flex building on approximately 1.29 acres
- Built in 1998; Class B property
- Metal and stucco construction with a drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,329
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,166,580
$2.2M
Cap Rate 7%
$1,547,557
$1.5M
Cap Rate 9%
$1,203,656
$1.2M
Market Conditions
NOI Build-Up for 11,400 SF
Gross rent
$171.0K $15.00/SF
− Vacancy
−$16.2K −$1.43/SF
EGI
$154.8K $13.58/SF
− OpEx
−$46.4K −$4.07/SF
NOI
$108.3K $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%
$2,166,580
Cap Rate 7%
$1,547,557
Cap Rate 9%
$1,203,656
Alternative Uses
Best Use
Office B
$3.01M
$2.64M – $3.52M
NOI $211,048 @ 7.0% cap · market cap 9.38%
Second Best
Industrial
$1.55M
$1.35M – $1.81M
NOI $108,329 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$3.80M
$3.33M – $4.43M
NOI $266,049 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Under-served
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
$208,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Lewisville, TX
Properties on Market for Flex space in Lewisville
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Heads or Tails Cajun Crawfish — 1550 N Kealy Ave Building 4 Suite A, Lewisville, TX 75057
Frequently Asked Questions
What type of property is this?
Flex space - GB Commercial zoning and a drive-in door support the property's flex configuration.
Where is this flex space located?
The property is located at 808 Office Park Circle Lewisville, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 11,400 SF flex building on approximately 1.29 acres; Built in 1998; Class B property; Metal and stucco construction with a drive‑in door
