870 Hebron Parkway Unit 202, Lewisville, TX 75057
Designer-finished office suite with multiple offices and a large meeting room, positioned within a managed office park setting.
- Added:
- May 5, 2026
- Days on Market:
- 42
- Last Refresh:
- Jun 14 at 1:34 am
Property Features for 870 Hebron Parkway Unit 202
General Information
- Standard status
- Active
- Size
- 1,233 SF
- Property subtype
- Office
Building Details
- Year Built
- 2020
Listing agent Chou WenYu Wey License #0448152 (817) 488-6638
Listing office The Michael Group Real Estate (817) 488-6638
Listing date May 5, 2026
Source Xome
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 The Michael Group Real Estate
HighLights
- Designer‑finished office suite in a managed office park on Hebron Parkway with access to Hwy 121 and I‑35
- Interior features include wood‑look tile entry and hallway, plus a large meeting room near the entrance
- Suite layout offers a spacious waiting/reception area and three generously sized offices with natural light
- Central air (electric) included; year built 2020
- Landlord covers property taxes, HOA fees, water, and insurance in the gross monthly rent
- Exterior/lot features include security lighting and trash collection; city road access and ample parking available
Overview
The property is set within a prestigious office park at 870 Hebron Parkway, with convenient access to Hwy 121 and I-35. Ample parking is available for patients, clients, and visitors.
The suite is well suited for medical practices or professional services that need a welcoming reception area, dedicated meeting space, and separate offices. In the gross monthly rent structure described, the landlord covers property taxes, HOA fees, water, and insurance, and the seller is also open to leasing, offering flexibility for qualified tenants or buyers.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $33.00 |
| − Vacancy | −$10.3k | −$8.32 |
| EGI | $30.4k | $24.68 |
| − OpEx | −$7.6k | −$6.17 |
| NOI | $22.8k | $18.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lewisville
- County
- Denton
- State
- Texas
- Longitude
- -96.9624775
- Latitude
- 33.0115628
