Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    and I-35 Nec Hebron Pkwy Lewisville, TX 75057
    Back to Search
    Property profile & analytics

    and I-35 Nec Hebron Pkwy Lewisville, TX 75057

    View on Map
    • Retail properties & Spaces
    • 196,630 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for and I-35 Nec Hebron Pkwy

    Property size
    196,630 SF
    Property type
    Retail properties & Spaces

    Description

    Lakepointe Towne Crossing offers exceptional retail opportunities in Lewisville, Texas. This vibrant center boasts a total of 196,630 square feet of commercial space, with 13 available units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 30,117 square feet. Currently, 63,366 square feet are vacant, presenting a significant opportunity for businesses seeking high-visibility locations. Strategically situated at the northeast corner of Hebron Parkway and I-35 in Denton County (zip code 75057), this center enjoys exceptional traffic counts and demographics, details of which are available upon request. A Super Target is also located nearby, contributing to the high foot traffic in the area. Lease rates are available upon inquiry. The property is ideal for a variety of retail uses and offers a strong potential for return on investment. Further information regarding demographics and traffic counts can be provided. This is a NNN property with a base rent of $3.88 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9945
    Latitude
    33.031

    Comparable in this City

    • Value Estimation by Request
      62,726 SF

      764 Hebron Pkwy

      Retail properties & Spaces • 62,726 SF
      764 Hebron Pkwy, Lewisville, TX 75057
      View Details
    • Value Estimation by Request

      721 Hebron Pkwy

      Neighborhood centers
      721 Hebron Pkwy, Lewisville, TX 75057
      View Details
    • Value Estimation by Request
      30,000 SF

      191 Main St

      Retail properties & Spaces • 30,000 SF
      191 Main St, Lewisville, TX 75057
      View Details
    • Value Estimation by Request
      4,200 SF

      102 Main St

      Retail properties & Spaces • 4,200 SF
      102 Main St, Lewisville, TX 75057
      View Details
    • Value Estimation by Request
      0.46 Acres

      189 Elm St

      Office properties & Spaces • 0.46 Acres
      189 Elm St, Lewisville, TX 75057
      View Details
    • Value Estimation by Request
      8,700 SF

      380 Business

      Medical Office Space • 8,700 SF
      380 Business, Lewisville, TX 75057
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,273 SF

      Historic Old Town Mixed-Use Building

      Three-story, 24,000 SF building in revitalized Old Town Lewisville.
      191 W Main St, Lewisville, TX 75057
      View Details
    • $1,295,000

      Multi-Tenant Retail/Office Investment Opportunity

      7,186 SF multi-tenant retail/office property near Old Town Lewisville.
      915-921 N Mill St, Lewisville, TX 75057
      View Details
    • Contact for pricing
      3,075 SF

      Venue Near Denton's Historic Square

      Established venue with bar, event, and rental income streams.
      331 E Hickory St, Flower Mound, TX 75057
      View Details
    • $995,000
      3,272 SF

      Main Street Retail Opportunity

      Prime commercial property with multiple buildings in Lewisville, Texas.
      331 E Main St, Lewisville, TX 75057
      View Details
    • Contact for pricing
      3,913 SF

      Drive-Thru Building Near I-35E

      3,913 SF drive-thru on 0.902 acres near I-35E.
      855 State Highway 121, Lewisville, TX 75057
      View Details
    • $375,000
      0.54 Acres

      Lewisville Industrial Land Investment

      Prime .54-acre lot, ideal for light industrial use.
      709 Cowan Ave, Lewisville, TX 75057
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      991 SF

      Lewisville Restaurant/Retail Space For Rent

      Restaurant/retail space with parking in back, prime location.
      190 W Main St, Lewisville, TX 75057
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space Near Super Target

      Retail space with high visibility near major retailers.
      729 Hebron Pkwy, Lewisville, TX 75057
      View Details
    • Contact for pricing

      Retail Space on Hebron Parkway

      Retail space in high-traffic area near Interstate 35E.
      764 Hebron Pkwy, Lewisville, TX 75057
      View Details
    • Contact for pricing
      1,885 SF

      Retail Space in Lewisville Center

      Retail space available in high-traffic Lewisville shopping center.
      713 Hebron Pkwy, Lewisville, TX 75057
      View Details
    • Contact for pricing
      5,122 SF

      Retail Space on Hard Corner

      Retail space available for lease or build-to-suit on hard corner.
      647 West Main St, Lewisville, TX 75057
      View Details
    • Contact for pricing
      4,556 SF

      Retail Space in Old Town

      Retail space with high visibility in a growing area.
      100 S Mill St, Lewisville, TX 75057
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    and I-35 Nec Hebron Pkwy
    Lewisville, TX 75057
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    and I-35 Nec Hebron Pkwy, Lewisville, TX, 75057
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!