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Property profile & analytics
OFF-MARKET
Commercial real estate

2585 Macarthur Blvd Lewisville, TX 75067

15,275 SF 1.89 ac lot Built 2008
Entity Owned 4-yr Hold
Property ID
US83-2182436
Property summary
AI-generated overview

Vista Ridge Shopping Plaza Park offers 15,275 square feet of versatile office space in a prime Denton County location. This single-story building, constructed in 2008, features 15 suites, with a minimum divisible space of 1,300 square feet. Currently, 6,521 square feet is available for lease. The property sits on 1.89 acres of land and enjoys excellent visibility and access, situated on a major retail corridor serving Lewisville, Carrollton, and Highland Village. The building is ideal for multiple tenants seeking fully built-out office spaces. There are no elevators. The property type is classified as retail, office, and restaurant, making it suitable for a variety of businesses. The asking lease rate is $24 per square foot, plus NNN charges. This presents a unique opportunity for businesses seeking a well-located, established office space in a thriving retail environment. The property's convenient location and ample space make it an attractive option for companies of various sizes. The existing build-out significantly reduces tenant improvement costs, allowing for a quicker occupancy and immediate business operations. The property's prominent position ensures high visibility and accessibility for clients and employees alike.

Property profile
Verified
Property type Commercial real estate
Year built 2008
Total area 15,275 SF
Lot 1.89 ac (82,328 SF)
UPID US83-2182436
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ELITE Fitness and Nutrition Gym & Fitness Center
  • Encompass Fitness Gym & Fitness Center
  • Stride Rite of Lewisville Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Relax Hawaii Massage Alternative Medicine Practice Spa & Massage Center
  • HOLLYWOOD SMOKE SHOP (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
The Lee Fundamental Investment LLC · 4 yrs held
The Lee Fundamental Investment LLC
since 2022
3 recorded transactions
2022
Price N/A
2022
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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