Leased Office Suite with Three
For Sale
$419,000
870 Hebron Parkway #602, Lewisville, TX 75057
For-sale office suite in an established office park, currently leased, with three offices, conference room, reception and kitchen.
Property Size1,242 SF
Days on Market11
Property Features for 870 Hebron Parkway #602
General Information
Standard status
Active
Size
1,242 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
natural light
conference room
reception area
kitchen
Building Details
Building Size
1,242 SF
Year Built
2021
Listing Agency:
Russell Realty
(214) 449-7767
Listed By:
Wesley Haile · License #0712321
(214) 449-7767
Source:
1111brokerage
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 3 at 1:34PM
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 for-sale office suite is currently leased and configured for professional and medical use. The space includes three well-sized offices with natural light, a large conference room, a spacious reception area, and a kitchen.
Located at 870 Hebron Parkway #602 in an office park setting, the property is described as offering convenient access to Hwy 121 and I-35.
Located at 870 Hebron Parkway #602 in an office park setting, the property is described as offering convenient access to Hwy 121 and I-35.
Key Highlights
- Office suite built in 2021, located in an established office park
- Currently leased, offering an income‑producing investment property
- Includes three private offices with natural light
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 | $41.0k | $33.00 |
| − Vacancy | −$10.3k | −$8.32 |
| EGI | $30.7k | $24.68 |
| − OpEx | −$7.7k | −$6.17 |
| NOI | $23.0k | $18.51 |
1,242 SF · lease $33.00/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$328.5K
$287.4K – $383.2K
NOI $22,993 @ 7.0% cap · market cap 5.49%
Second Best
Healthcare Medical
$258.7K
$226.4K – $301.8K
NOI $18,108 @ 7.0% cap · market cap 4.32%
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
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Balanced
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - For-sale office suite in an established office park, currently leased, with three offices, conference room, reception and kitchen.
Where is this medical office space 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: Office suite built in 2021, located in an established office park; Currently leased, offering an income‑producing investment property; Includes three private offices with natural light
