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2550 TX-121, Lewisville, TX 75067
Unique office space with frontage along Sam Rayburn Tollway.
Property Size3,356 SF
Price / SF$405.18
Days on Market1169
Property Features for 2550 TX-121
General Information
Standard status
Active
Size
3,356 SF
Class
A
Property subtype
Office
Zoning
Office
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2023
Buildings
10
Stories
2
Tenancy
Single
Listing Agency:
Wynmark
Listed By:
Mark Pittman · License #TX
(972) 897-0562
Source:
Crexi
Added: Jun 22, 2023
Changed: Sep 2
Last Checked: May 12 at 9:36PM
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 Wynmark
Investment Insights
Based on property information with market context.
The Compound features modern office spaces available for sale or lease, situated at 2550 E State Hwy 121, Lewisville, TX 75067. The property includes 10 fully finished office buildings, offering two size options: 2,615 square feet and 3,356 square feet. Each office suite allows for individualization to align with specific team and brand requirements. The Compound benefits from frontage along Sam Rayburn Tollway, ensuring accessibility. Phase 1 has been delivered and closed out, while Phase 2 is scheduled for delivery on March 1, 2025. Currently, only two buildings (Building 6 and 8) are available at a price of $520.00 per square foot. The parking ratio is 3.0/1000, and the permitted use is exclusively for office purposes. Three buildings are already under contract. This office space offers the opportunity to establish a solid foundation for business success.
Key Highlights
- Modern office space in a prime location with frontage on Sam Rayburn Tollway.
- New construction (2023) with two size options: 2,615 SF and 3,356 SF.**
- Opportunity for individualization to create a branded office space.
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
$62,130
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
4.57%
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%
$1,242,600
$1.2M
Cap Rate 7%
$887,571
$887.6K
Cap Rate 9%
$690,333
$690.3K
Market Conditions
NOI Build-Up for 3,356 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
$110.7K $33.00/SF
− Vacancy
−$27.9K −$8.32/SF
EGI
$82.8K $24.68/SF
− OpEx
−$20.7K −$6.17/SF
NOI
$62.1K $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%
$1,242,600
Cap Rate 7%
$887,571
Cap Rate 9%
$690,333
Alternative Uses
Best Use
Office B
$887.6K
$776.6K – $1.04M
NOI $62,130 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$979.0K – $1.31M
NOI $78,321 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
111
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 - Unique office space with frontage along Sam Rayburn Tollway.
Where is this office building located?
The property is located at 2550 TX-121 Lewisville, TX.
What is the asking price?
The asking price for this property is $1,359,800.
What are key features of this property?
This property features: Modern office space in a prime location with frontage on Sam Rayburn Tollway.; New construction (2023)** with two size options: **2,615 SF and 3,356 SF.**; Opportunity for individualization to create a branded office space.
