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    537 Kealy Ave Lewisville, TX 75057

    Sponsored
    For Sale
    $1,500,000

    5,500 SF Flex Building, Old Town

    Property size:
    5,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 5,500 square foot flex building in Old Town Lewisville, Texas presents a unique investment opportunity. Located on a 0.4-acre lot at 537 S Kealy Ave, 75057, this property boasts a prime corner location offering high visibility and easy access. Recently renovated in 2024, the building features approximately 2,900 square feet of finished office or open workspace, complemented by a large garage area (approximately 2,600 sq ft) with a front garage door, ideal for light industrial, retail, or service-based businesses. The flexible layout allows for customization, enabling build-to-suit options to perfectly match your business needs. The property includes a gated parking area accommodating 10-12 vehicles and additional yard storage space. Zoned LI (Light Industrial), this vacant building is priced at $1,500,000 ($272.73/sq ft) and offers significant potential for owner-users. Its location near the historic downtown area and within an opportunity zone adds further appeal. The building was originally constructed in 1968 and underwent a complete renovation in 2024. This versatile space is perfect for a business seeking a blend of office and industrial/retail functionality in a thriving Texas location. The APN is 767324.

    Property Features for 537 Kealy Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,500 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built/Renovated
    1968/2024
    Property Profile Location Intelligence

    Current Use by Public Records

    Old Town Pool ... Swimming Pool Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9931377
    Latitude
    33.0422233

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    FAQs

    What type of property is this?
    Individual retail property - 5,500 SF Flex Building, Old Town
    Where is this individual retail property located?
    The property is located at 537 Kealy Ave Lewisville, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    Request Owner's contact information
    537 Kealy Ave Lewisville, TX 75057
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    Lewisville, TX 75057
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    Realmo Value Estimation

    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.

    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.

    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
    537 Kealy Ave Lewisville, TX 75057
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