Lewisville Office Unit For
For Sale
$419,000
870 Hebron Parkway 602, Lewisville, TX 75057
Office unit for sale in Lewisville, Texas.
Property Size1,242 SF
Days on Market131
Property Features for 870 Hebron Parkway 602
General Information
Standard status
Active
Size
1,242 SF
Zoning
Commercial F-4
Taxes and HOA fees
Annual Taxes
$6,546
Amenities
Central Air, Electric
Central, Electric
Common
Building Details
Building Size
1,242 SF
Year Built
2021
Stories
1
Listing Agency:
Russell Realty
Listed By:
Wesley Haile · License #0712321
(214) 449-7767
Source:
Evrealestate
Added: May 31
Changed: Aug 8
Last Checked: Aug 25 at 4:20AM
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 Russell Realty
Investment Insights
Based on property information with market context.
This commercial real estate is an office unit located at 870 Hebron Parkway 602, Lewisville, TX 75057, in Denton County. The property is accessible from 121 N, exiting on Hebron Parkway and turning left onto Hebron Parkway. The office is on the left.
Key Highlights
- Built in 2021, this property features relatively new construction.
- Enjoy central air cooling for those warm days.
- Benefit from efficient electric cooling.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,993
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,860
$459.9K
Cap Rate 7%
$328,471
$328.5K
Cap Rate 9%
$255,478
$255.5K
Market Conditions
NOI Build-Up for 1,242 SF
Gross rent
$41.0K $33.00/SF
− Vacancy
−$10.3K −$8.32/SF
EGI
$30.7K $24.68/SF
− OpEx
−$7.7K −$6.17/SF
NOI
$23.0K $18.51/SF
Area
Lewisville, TX
Vacancy
25.20%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,860
Cap Rate 7%
$328,471
Cap Rate 9%
$255,478
Alternative Uses
Best Use
Office B
$328.5K
$287.4K – $383.2K
NOI $22,993 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.1K
$362.3K – $483.1K
NOI $28,985 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office unit for sale in Lewisville, Texas.
Where is this office units located?
The property is located at 870 Hebron Parkway 602 Lewisville, TX.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Built in 2021, this property features relatively new construction.; Enjoy central air cooling for those warm days.; Benefit from efficient electric cooling.
