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    760 Main St Lewisville, TX 75057

    Sponsored
    For Lease
    $17 SF/Yr

    Modern Flex Warehouse, 2,600-5,200 SF

    Lot size:
    69,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional Class A industrial property, located at 760 E Main St, Lewisville, TX 75057, offers 2,600 to 5,200 square feet of flexible space ideal for a variety of businesses. Built in 2023, the two-story building boasts a total of 69,500 square feet and features 20-foot ceiling heights, providing ample room for storage and operations. The property includes 28 drive-in doors for convenient loading and unloading, along with 127 total parking spaces. Situated on 4.5 acres of land, this light industrial zoned property (Light Industrial) offers a secure yard and is conveniently located near Business Hwy 121. The space is move-in ready, with high-end finishes including functional office and warehouse areas. Included in the monthly rent are utilities (gas, water, electricity – subject to submetering), twice-weekly office cleaning, pest control, 2 gig symmetrical fiber optic internet, HVAC maintenance, a community forklift, and 24/7 video monitoring (active live monitoring from 10 pm to 5 am). Pro rata common area maintenance, property taxes, and building insurance are also included. This is a multiple-tenancy building with a minimum divisible space of 2,600 square feet and a maximum contiguous space of 5,200 square feet

    Property Features for 760 Main St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    69,500 SF
    Class
    A
    Total Rate
    98458.33

    Building Details

    Year Built
    2023
    Stories
    2

    Unit(s) available at that property

    Space
    2600 SF Shop
    Size
    2,600 SF
    Rate per SF
    $17

    We can help!

    Listing Contact
    Ted Rea

    Learn more

    Property Insight Report

    HighLights

    • Class A industrial building at 760 E Main St, Lewisville, TX 75057, offering 2,600‑5,200 SF of flexible space.
    • New construction (2023), 69,500 total SF, 20‑foot ceiling heights, 28 drive‑in doors, and 127 parking spaces.
    • 4.5‑acre lot, light industrial zoning, secure yard, near Business Hwy 121.
    • Move‑in ready with high‑end finishes, including office and warehouse areas.
    • All‑inclusive rent: utilities (submetered), cleaning, pest control, high‑speed internet, HVAC maintenance, community forklift, and 24/7 video monitoring (with live monitoring overnight). Also includes pro rata CAM, taxes, and insurance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edison Coffee Co ... Coffee Roasters SigmaGrafix Vehicle Wrapping Service DRYmedic Restoration Services ... Water Damage Restoration Service Range Roof Corporate Office Moonshot 3D 3D Printing Service

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.982940745555
    Latitude
    33.044575387551

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    FAQs

    What type of property is this?
    Distribution property - Modern Flex Warehouse, 2,600-5,200 SF
    Where is this distribution property located?
    The property is located at 760 Main St Lewisville, TX.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Class A industrial building at 760 E Main St, Lewisville, TX 75057, offering 2,600-5,200 SF of flexible space.; New construction (2023), 69,500 total SF, 20-foot ceiling heights, 28 drive-in doors, and 127 parking spaces.; 4.5-acre lot, light industrial zoning, secure yard, near Business Hwy 121.
    Request Owner's contact information
    760 Main St Lewisville, TX 75057
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    Lewisville, TX 75057
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    760 Main St Lewisville, TX 75057
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    We can help!
    Listing Contact
    Ted Rea
    Real Estate License ID: FLBO
    Learn more
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