Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2601 State Highway 121 Lewisville, TX 75067
    Back to Search
    Property profile & analytics

    2601 State Highway 121, Lewisville, TX 75067

    View on Map
    • Industrial properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • PDS Central / Big Box & Wholesale Store
    • SRK IT GROUP / Consultant
    • Prime Flex Spaces / Architecture Firm

    Property Details for 2601 State Highway 121

    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 2,118 sq. ft. single-tenant flex space in Denton County is ideally situated on the Lewisville/The Colony border, at 2601 TX-121, Building 2. Newly constructed in 2023 and move-in ready, this property boasts a fully finished interior including a kitchenette, restroom with shower, and a mezzanine featuring vinyl wood plank flooring. The high-clearance (22') space includes an oversized grade-level automatic garage door and 100% HVAC, with tenant-controlled, separately metered units. Ample parking is available. This prime location offers easy access to major thoroughfares, including I-35/Sam Rayburn Tollway, State Highway 121, and the North Dallas Tollway, providing convenient access to Lewisville, Carrollton, The Colony, Plano, and Frisco. Its proximity to the Ford Center at The Star, Legacy West, and The Shops of Legacy adds to its appeal. Building signage is also available. This property is perfect for a business needing a blend of office, showroom, and warehouse space.

    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
    -96.9961
    Latitude
    33.0067

    Comparable in this City

    • Value Estimation by Request
      26,539 SF

      550 Round Grove Rd

      Distribution properties
      550 Round Grove Rd, Lewisville, TX 75067
      View Details
    • Value Estimation by Request
      2,607 SF

      2601 Tx-121

      Industrial properties
      2601 Tx-121, Lewisville, TX 75067
      View Details
    • Value Estimation by Request
      4.84 Acres

      State Highway 121 Byp

      Land
      0 State Highway 121 Byp, Lewisville, TX 75067
      View Details
    • Value Estimation by Request
      0.19 Acres

      1301 Stemmons Fwy

      Land
      1301 Stemmons Fwy, Lewisville, TX 75067
      View Details
    • Value Estimation
      $710,000
      43,200 SF

      720-E Sh 121

      INDUSTRIAL (GENERAL)
      720-E Sh 121, Lewisville, TX 75067
      View Details
    • Value Estimation by Request
      1,312 SF

      575 Valley Pkwy

      Office Spaces
      575 Valley Pkwy, Lewisville, TX 75067
      View Details

    Similar Nearby for Sale

    • $820,000
      2,607 SF

      2601 Tx-121, Lewisville, TX 75067

      Industrial properties
      2601 Tx-121, Lewisville, TX 75067
      View Details
    • Contact for pricing
      45,000 SF

      Renovated Office Warehouse For Sale

      45,000 SF warehouse with renovated office space.
      720 State Highway 121, Lewisville, TX 75067
      View Details
    • Contact for pricing
      68,306 SF

      Lewisville Warehouse with 32' Clearance

      60,000 SF warehouse space with 32' clear height.
      420 Oakbend Dr, Lewisville, TX 75067
      View Details
    • Contact for pricing
      45,738 SF

      Lewisville Industrial Development For Sale

      44,952 SF industrial development with I-35 access.
      1940 Lakepoint Dr, Lewisville, TX 75067
      View Details
    • Contact for pricing
      Pending

      Updated Townhome in Prime Location

      Updated 2-bedroom, 2-bath townhome with modern amenities and convenient access.
      823 Summercreek Dr, 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

    • $3,100 /Mo
      286,538 SF

      Lewisville Warehouse and Office Suites

      Industrial flex space with office and warehouse suites for lease.
      550 W Round Grove Rd, Lewisville, TX 75067
      View Details
    • Sponsored
      Contact for pricing

      TX, Lewisville - S Stemmons Fwy

      Workspaces, services and support to help you work better in OH, Shaker Heights - Chagrin Blvd
      325 Stemmons Fwy, Lewisville, TX 75067
      View Details
    • Contact for pricing
      28,540 SF

      Industrial Flex Suites For Lease

      Industrial flex suites suitable for small tenants, contractors, showroom users.
      550 W Round Grove Rd, Lewisville, TX 75067
      View Details
    • Contact for pricing

      Lewisville Retail and Flex Space

      Prime leasing opportunity with retail and flex space available.
      1802 N Stemmons Fwy, Lewisville, TX 75067
      View Details
    • $12 SF/Yr
      72,620 SF

      Lewisville Sublease Opportunity

      72,620 SF full building available for sublease.
      2701 High Pt Oaks Dr, Lewisville, TX 75067
      View Details
    • Contact for pricing

      Vista Point North

      Discover many ways to work your way in Vista Point North
      405 State Highway 121, 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.
    2601 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
    2601 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!