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Property profile & analytics
OFF-MARKET
Land

755 State Highway 121 Lewisville, TX 75057

1.23 ac lot
Property ID
Property summary
AI-generated overview

This 1.23-acre (53,753 square foot) commercial land parcel is located at 755 State Hwy 121 in Lewisville, Texas, zip code 75057. The property boasts excellent freeway visibility and easy access, making it an ideal location for a variety of commercial uses. It is zoned Light Industrial (LI), permitting retail, office, and light industrial development. The site benefits from its proximity to major retail centers, including Vista Ridge Mall, Costco, BJ's Brewhouse, Buffalo Wild Wings, Best Buy, and LA Fitness. Furthermore, it's within walking distance of nine limited-service hotels. A significant advantage is the approximately $1,750 in additional monthly income generated through a neighboring parking easement. The asking price for this exceptional property is $1,050,000. This presents a unique opportunity to acquire a strategically located commercial lot with substantial income potential in a thriving area of Denton County.

Property profile
Verified
Property type Land
Lot 1.23 ac (53,579 SF)
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
  • Champion Cutz by Kash Barber Shop
  • hAVEUBEENMUFFD Hair Salon Nail Salon
  • US CR Taekwondo 청룡태권도 Sports School Training Center
  • GirlZ World Hair Studio Hair Salon
  • Mystical Body Sculpting Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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