Standalone Office
For Sale
Contact for pricing
873 S STEMMONS FWY, Lewisville, TX 75067
Multi-tenant configuration with separate office areas and General Business zoning.
Property Size3,646 SF
Lot Size1.01 Acres
Price / SF$270.16
Days on Market119
Property Features for 873 S STEMMONS FWY
General Information
Standard status
Active
Size
3,646 SF
Class
B
Lot size
1.01 Acres
Property subtype
Office
Zoning
GB
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Building Details
Year Built
2004
Buildings
1
Stories
1
Units
1
Building Size
3,646 SF
Tenancy
Multi
Listing Agency:
Scott Brown Commercial
Listed By:
Christian Scofield · License #0697458
Source:
Crexi
Added: May 8
Changed: Aug 30
Last Checked: Aug 30 at 6:57AM
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 Scott Brown Commercial
Investment Insights
Based on property information with market context.
This standalone office property contains 3,646 SF on 1.01 AC and was built in 2004. The building is currently used for a family medical practice and includes a multi-tenant arrangement divided approximately into 2,646 SF and 1,000 SF areas. General Business (GB) zoning is in place, with flexibility for general business users.
Located at Fox and I-35, the property is accessible to northbound and southbound I-35 traffic. Land in front of and behind the building provides space identified for expansion, additional parking, or green space. The separate areas create an owner-user opportunity with potential rental income from the remaining space.
Located at Fox and I-35, the property is accessible to northbound and southbound I-35 traffic. Land in front of and behind the building provides space identified for expansion, additional parking, or green space. The separate areas create an owner-user opportunity with potential rental income from the remaining space.
Key Highlights
- 3,646 SF standalone office building on 1.01 AC
- Built in 2004; currently used as a family medical practice
- Multi‑tenant layout approximately split into 2,646 SF and 1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,498
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,349,960
$1.3M
Cap Rate 7%
$964,257
$964.3K
Cap Rate 9%
$749,978
$750.0K
Market Conditions
NOI Build-Up for 3,646 SF
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.
Gross rent
$120.3K $33.00/SF
− Vacancy
−$30.3K −$8.32/SF
EGI
$90.0K $24.68/SF
− OpEx
−$22.5K −$6.17/SF
NOI
$67.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,349,960
Cap Rate 7%
$964,257
Cap Rate 9%
$749,978
Alternative Uses
Best Use
Office B
$964.3K
$843.7K – $1.12M
NOI $67,498 @ 7.0% cap · market cap 6.85%
Second Best
Healthcare Medical
$759.4K
$664.5K – $886.0K
NOI $53,159 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,089 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 75067, TX
68,734
Population
28,990
Households
2.4
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
5,091
Density / Sq Mi
$76,630
Median Household Income
$45,448
Median Earnings
$1,506
Median Rent
$321,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant configuration with separate office areas and General Business zoning.
Where is this office building located?
The property is located at 873 S STEMMONS FWY Lewisville, TX.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 3,646 SF standalone office building on 1.01 AC; Built in 2004; currently used as a family medical practice; Multi‑tenant layout approximately split into 2,646 SF and 1,000 SF
