Flex Space Unit with Highway
817 S Mill Street #108, Lewisville, TX 75057
For Sale
Contact for pricing
Unit 108 offers direct highway access and strong visibility in a Lewisville neighborhood center.
Property Size11,250 SF
Price / SF$0.00
Days on Market104
Property Features for 817 S Mill Street #108
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Building Details
Year Built
Listing Agency:
Beam Real Estate, LLC
(972) 484-6644
Listed By:
Mani Jacob · License #0480204
(214) 244-3332
Source:
Lonestarluxuryrealty
Added: Jul 29
Changed: Oct 29
Last Checked: Nov 8 at 6:46AM
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 Beam Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 108 at 817 S Mill Street provides 1,000 SF of versatile flex space positioned within a Lewisville neighborhood center. The space is designed to support local-serving operations where visibility and practical access matter.
The unit benefits from excellent visibility and direct highway access, giving it strong exposure to passing traffic and convenient routing for customers and deliveries. The property was built in 1985.
This flex space configuration is a strong fit for tenants looking for a standalone unit with easy road access and prominent storefront presence within an established retail-oriented setting.
The unit benefits from excellent visibility and direct highway access, giving it strong exposure to passing traffic and convenient routing for customers and deliveries. The property was built in 1985.
This flex space configuration is a strong fit for tenants looking for a standalone unit with easy road access and prominent storefront presence within an established retail-oriented setting.
Key Highlights
- Unit 108 offers 1,000 SF of flex space
- Direct highway access for convenient customer and delivery routing
- Excellent visibility and strong exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,267
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,985,340
$2.0M
Cap Rate 7%
$1,418,100
$1.4M
Cap Rate 9%
$1,102,967
$1.1M
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$168.8K $15.00/SF
− Vacancy
−$16.0K −$1.43/SF
EGI
$152.7K $13.58/SF
− OpEx
−$53.5K −$4.75/SF
NOI
$99.3K $8.82/SF
Area
Lewisville, TX
Vacancy
9.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,985,340
Cap Rate 7%
$1,418,100
Cap Rate 9%
$1,102,967
Alternative Uses
Best Use
Industrial
$1.53M
$1.34M – $1.78M
NOI $106,903 @ 7.0% cap · market cap 763,592.86%
Second Best
Flex RnD
$1.42M
$1.24M – $1.65M
NOI $99,267 @ 7.0% cap · market cap 709,050.00%
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M
NOI $262,548 @ 7.0% cap · market cap 1,875,342.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,309
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
$208,500
Median Home Value
Market
Average Price Trend$/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 - Unit 108 offers direct highway access and strong visibility in a Lewisville neighborhood center.
Where is this flex space located?
The property is located at 817 S Mill Street #108 Lewisville, TX.
What are key features of this property?
This property features: Unit 108 offers 1,000 SF of flex space; Direct highway access for convenient customer and delivery routing; Excellent visibility and strong exposure
