Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    750 State Highway 121 Lewisville, TX 75067
    Back to Search
    Property profile & analytics

    750 State Highway 121 Lewisville, TX 75067

    View on Map
    • Retail properties & Spaces
    • 120,780 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sedgwick Claims Management Services / Insurance Agency
    • Fodor Engineering / Structural Engineer
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 750 State Highway 121

    Property size
    120,780 SF
    Property type
    Retail properties & Spaces

    Description

    Located in Lewisville, Texas, Lake Vista I offers 120,780 square feet of retail space in Denton County. This multi-tenant property at 750 State Hwy 121, zip code 75067, boasts excellent visibility and accessibility. Currently, 120,537 square feet is available for lease, with spaces ranging from a minimum of 10,964 square feet to a maximum contiguous space of 60,390 square feet. The property offers flexibility for businesses seeking various sizes. The minimum divisible space is 60,147 square feet, providing options for larger tenants. Ample parking is available, with a ratio of 5.00 spaces per 1,000 square feet. This prime retail location presents a unique opportunity for businesses seeking high-traffic exposure in a thriving Texas market. The property's address is easily accessible from State Highway 121, ensuring convenient access for customers and employees. This exceptional retail space is ready for immediate occupancy. Contact us today to learn more about leasing opportunities at Lake Vista I.

    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
    -96.9698
    Latitude
    32.9925

    Comparable in this City

    • Value Estimation by Request
      61,240 SF

      614 Edmonds Ln

      Medical Office Space • 61,240 SF
      614 Edmonds Ln, Lewisville, TX 75067
      View Details
    • Value Estimation by Request
      36,721 SF

      291 Round Grove Rd

      Strip malls • 36,721 SF
      291 Round Grove Rd, Lewisville, TX 75067
      View Details
    • Value Estimation by Request
      20,050 SF

      1651 Stemmons Fwy

      Automotive properties • 20,050 SF
      1651 Stemmons Fwy, Lewisville, TX 75067
      View Details
    • Value Estimation by Request
      8,000 SF

      1620 Stemmons Fwy

      Retail properties & Spaces • 8,000 SF
      1620 Stemmons Fwy, Lewisville, TX 75067
      View Details
    • Value Estimation by Request
      15,275 SF

      2585 Macarthur Blvd

      Restaurants • 15,275 SF
      2585 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • Value Estimation by Request
      27,528 SF

      475 State Highway 121

      Neighborhood centers • 27,528 SF
      475 State Highway 121, Lewisville, TX 75067
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,400 SF

      Turnkey Childcare Building in Lewisville

      9,400 SF building on 0.64 acres, multiple uses.
      662 S Edmonds Ln, Lewisville, TX 75067
      View Details
    • $1,100,000
      9,400 SF

      Turnkey Childcare Building in Lewisville

      9,400 SF building on 0.64 acres, multiple uses.
      662 S Edmonds Ln, Lewisville, TX 75067
      View Details
    • $7,393,773
      15,784 SF

      Lewisville PetSuites Investment Opportunity

      2021 built PetSuites in Lewisville, TX with long-term lease.
      490 Oakbend Dr, Lewisville, TX 75067
      View Details
    • Contact for pricing

      Turnkey Automotive Facility in Lewisville

      Fully-equipped automotive facility on Round Grove Road in Lewisville, TX.
      761 W Round Grove Rd, Lewisville, TX 75067
      View Details
    • $2,900,000
      1.29 Acres

      Lewisville, TX Business Opportunity

      Real estate and business for sale in Lewisville, Texas.
      2561 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • Contact for pricing
      74,837 SF

      Lewisville Retail Shopping Center For Sale

      74,837 SF community shopping center in a prime location.
      500 E Round Grove Rd, Lewisville, TX 75067
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      15,275 SF

      Vista Ridge Office Space Available

      Prime Denton County Office Suites
      2585 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • $7,500 /Mo
      71,830 SF

      Lewisville Retail Space Available

      Restaurant/bar space with patio, high exposure, and ample parking.
      301 W Round Grove Rd, Lewisville, TX 75067
      View Details
    • Contact for pricing
      1,719 SF

      Retail Space in Lewisville, TX

      Retail property available for lease in Lewisville, Texas.
      420 E Round Grove Rd, Lewisville, TX 75067
      View Details
    • Contact for pricing
      3,000 SF

      Restaurant Space Near LA Fitness

      Second generation restaurant space with fixtures in accessible location.
      775 N Denton Tap Rd, Lewisville, TX 75067
      View Details
    • Contact for pricing

      Edmonds Plaza Office Spaces Available

      Medical and traditional office spaces for rent in Lewisville, TX.
      614 Edmonds Ln, Lewisville, TX 75067
      View Details
    • Contact for pricing
      7,222 SF

      Turn-Key Restaurant on I-35E

      Freestanding restaurant with FF&E and pylon signage available for lease.
      1890 S Stemmons Fwy, Lewisville, TX 75067
      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.
    750 State Highway 121
    Lewisville, TX 75067
    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
    750 State Highway 121, Lewisville, TX, 75067
    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!