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    Luxury Garage Suite Near Lake Title is generated by Realmo AI

    853 Main Street #B11, Lake Dallas, TX 75065

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    Claim this Listing
    For Sale
    $375,000

    Premier garage suite for boat, vehicle, and RV enthusiasts.

    Type:Commercial
    Added:
    May 18, 2026
    Days on Market:
    14
    Last Refresh:
    May 18 at 8:19 pm

    Property Features for 853 Main Street #B11

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    2019

    We can help!

    Listing Contact
    Christopher Cole

    Listing agent Christopher Cole License #0727579

    Listing office Compass RE Texas, LLC

    Listing date May 18, 2026

    Source Signaturere

    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 Compass RE Texas, LLC

    HighLights

    • Premier luxury garage suite designed for boat/RV/vehicle storage and maintenance near Lake Lewisville.
    • Fully climate‑controlled with Lennox split HVAC systems, ensuring year‑round protection.
    • Equipped with two 50‑amp RV hookups, 110‑amp electrical service, plumbing, and sewage dump for convenient boat/RV prep.
    • Features a game room mezzanine, refrigerator, and full bathroom with tankless hot water heater.
    • Secure with fire suppression system and 24/7 monitored access.
    • Access to on‑site high‑pressure power washer and private clubhouse.

    Overview

    This luxury garage suite is designed for boat enthusiasts, luxury vehicle collectors, RV owners, and those seeking a private retreat near Lake Lewisville. The fully climate-controlled, steel-constructed unit offers secure storage and upscale functionality. It is designed as a pre-lake day hangout, private gym, workshop, or entertainment space. The suite features epoxy floors, LED lighting, high-speed internet, a game room mezzanine, refrigerator, and a full bathroom with a tankless hot water heater. Equipped with two 50-amp RV hookups, 110-amp electrical service, built-in plumbing, multiple 120V outlets, a water faucet, and a dedicated outdoor sewage dump, this space is suited for boat and RV prep, cleaning, detailing, and maintenance. Lennox split HVAC systems provide year-round climate control, while the secure garage door, fire suppression system, and 24-7 monitored access offer security. Owners have access to an on-site high-pressure power washer with soap. A private clubhouse offers a space to relax, entertain, or connect with others. Located near major highways and travel corridors, this condominium garage is for individual use and not a business entity.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Real Estate Agency Law Firm Building Supply Auto Repair Shop Hair Salon Auto Parts Store Department Store Kitchen & Bath Showroom Accounting Firm HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Dallas
    County
    Denton
    State
    Texas
    Longitude
    -97.004618
    Latitude
    33.106982

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    FAQs

    What type of property is this?
    Parking lot & garage - Premier garage suite for boat, vehicle, and RV enthusiasts.
    Where is this parking lot & garage located?
    The property is located at 853 Main Street #B11 Lake Dallas, TX.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Premier luxury garage suite designed for boat/RV/vehicle storage and maintenance near Lake Lewisville.; Fully climate‑controlled with Lennox split HVAC systems, ensuring year‑round protection.; Equipped with two 50‑amp RV hookups, 110‑amp electrical service, plumbing, and sewage dump for convenient boat/RV prep.
    (817) 680-2403
    We can help!
    Listing Contact
    Christopher Cole
    Real Estate License ID: 0727579
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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