Versatile Commercial/Flex Space in
537 S Kealy Ave, Lewisville, TX 75057
5,500 SF corner commercial/flex space near Main Street.
Type:Industrial, Mixed Use, Office, Retail
Property size:
5,500 SFPrice / SF:
$213/SF- Added:
- Aug 29, 2024
- Days on Market:
- 641
- Last Refresh:
- May 12 at 10:08 pm
Property Features for 537 S Kealy Ave
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Industrial, Mixed Use, Office, Retail
Listing agent Brandon Brooks License #TX- 0639787
Listing office The Ambrose Group
Listing date Aug 29, 2024
Source Crexi
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 The Ambrose Group
HighLights
- 5,500 SF corner commercial/flex space in Old Town Lewisville, ideal for contractors, service providers, or owner‑users.
- Located in an Opportunity Zone offering potential long‑term tax benefits.
- Attractive private financing available with a 20‑year amortization and 5‑year balloon; no traditional bank approval required.
- Flexible layout with approximately 2,900 SF of finished office/showroom space and a large garage area with a front‑facing overhead door.
- Secure gated parking for 10–12 vehicles, plus additional fenced yard storage.
- Prominent corner location with excellent visibility and strong traffic counts.
Overview
This 5,500 SF corner commercial/flex space is located just blocks from Main Street in Old Town Lewisville. Situated in an Opportunity Zone, the property benefits from excellent visibility and strong traffic counts. The flexible layout includes approximately 2,900 SF of finished office/showroom space and a large garage area with a front-facing overhead door. Secure gated parking is available for 10–12 vehicles, plus additional fenced yard storage. Build-to-suit options are available, including additional office space, HVAC installation, and custom finishes. The property offers existing short-term income with the option for a sale-leaseback. It is ideally suited for contractors, service-based businesses, or local operators seeking ownership in a growing, low-competition area. Attractive financing is available for qualified buyers, subject to credit approval, with a 20-year amortization and a 5-year balloon. Private financing is available without traditional bank approval, and a flexible transition period is offered. The prominent corner location provides easy access and strong roadway exposure, with potential long-term tax benefits due to its location within an Opportunity Zone.
Local Financial Insights For Office B
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 | $181.5k | $33.00 |
| − Vacancy | −$45.7k | −$8.32 |
| EGI | $135.8k | $24.68 |
| − OpEx | −$33.9k | −$6.17 |
| NOI | $101.8k | $18.51 |
5,500 SF · lease $33.00/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.70M
NOI $101,822 @ 7.0% cap · market cap 8.67%
Second Best
Mixed Use
$1.30M
$1.13M – $1.51M
NOI $90,750 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,357 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Old Town Pool ...
General Contractor
Location Insight
- Map
- Local Demand
- City
- Lewisville
- County
- Denton
- State
- Texas
- Longitude
- -96.9931179
- Latitude
- 33.0422194
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 5,500 SF corner commercial/flex space near Main Street.
Where is this mixed-use property located?
The property is located at 537 S Kealy Ave Lewisville, TX.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 5,500 SF corner commercial/flex space in Old Town Lewisville, ideal for contractors, service providers, or owner‑users.; Located in an Opportunity Zone offering potential long‑term tax benefits.; Attractive private financing available with a 20‑year amortization and 5‑year balloon; no traditional bank approval required.
