Established Retail Property Near Old
For Sale
$1,295,000
915-921 N Mill Street, Lewisville, TX 75057
Multi-tenant retail property near Old Town Lewisville.
Property Size7,186 SF
Price / SF$180.21
Days on Market103
Property Features for 915-921 N Mill Street
General Information
Standard status
Active
Size
7,186 SF
Property subtype
Commercial
Building Details
Year Built
1986
Listing Agency:
Preeminent CRE Group
(469) 520-1198
Listed By:
John Torres · License #0686924
(469) 520-1198
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 9:18AM
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 Preeminent CRE Group
Investment Insights
Based on property information with market context.
This multi-tenant retail property offers an opportunity for consistent rental income. The building has a total area of 7,186 square feet and contains four office units. These units are located in the middle and extend to the north end of the building. The property is located within minutes of Old Town Lewisville and shares a wall with the adjacent property at 913 N Mill St.
Key Highlights
- Well‑established retail property.
- Multi‑tenant property.
- Opportunity to create consistent rental income.
Financial Insights For Retail
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 | $173.3k | $24.12 |
| − Vacancy | −$8.3k | −$1.16 |
| EGI | $165.0k | $22.96 |
| − OpEx | −$49.5k | −$6.89 |
| NOI | $115.5k | $16.07 |
7,186 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.93M
NOI $115,505 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,704 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
384
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail property near Old Town Lewisville.
Where is this retail space located?
The property is located at 915-921 N Mill Street Lewisville, TX.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Well‑established retail property.; Multi‑tenant property.; Opportunity to create consistent rental income.
