Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2601 State Highway 121 Lewisville, TX 75056
    Property profile & analytics

    2601 State Highway 121 Lewisville, TX 75056

    View on Map
    • Warehouses
    • 3,777 SF
    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

    Year built
    2024
    Property size
    3,777 SF
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 3,777 square foot flex/warehouse space in Lewisville, Texas, is offered for sale at $1,133,100 ($300/sq ft). Located at 2601 State Hwy 121, Suite 502, this Class B, two-story building boasts a prime location with excellent visibility from the highway. Built in 2024, the property features one loading dock and one dock-high door, perfect for efficient operations. The high 22-foot ceilings provide ample space and versatility. The unit is a corner unit offering exceptional site lines to Hwy-121, maximizing exposure and branding opportunities. Building signage is available. The property is zoned LI and sits in a rapidly growing area of North Texas, offering easy access to major transportation arteries including I-35, the Dallas North Tollway, and the Sam Rayburn Tollway. The space is delivered in shell condition with concrete stairs and a mezzanine already installed, allowing for customization to suit your specific needs. Ample parking is conveniently located adjacent to the building. This owner-user investment opportunity is ideal for businesses seeking a high-profile location with excellent accessibility and visibility. Don't miss this chance to secure a premier space in a thriving market.

    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
    -96.9111
    Latitude
    33.0598

    Comparable in this City

    • Value Estimation by Request
      15,019 SF

      2601 State Highway 121

      Office Units • 15,019 SF
      2601 State Highway 121, Lewisville, TX 75056
      View Details
    • Value Estimation by Request
      270,686 SF

      601 Tittle Dr

      Distribution properties • 270,686 SF
      601 Tittle Dr, Lewisville, TX 75056
      View Details
    • Value Estimation by Request
      21,500 SF

      2455 Business

      Individual retail properties • 21,500 SF
      2455 Business, Lewisville, TX 75056
      View Details
    • Value Estimation by Request
      1,412 SF

      2601 Leora Ln, Unit 507

      CONDOMINIUM OFFICES • 1,412 SF
      2601 Leora Ln, The Colony, TX 75056
      View Details
    • Value Estimation by Request
      1,738 SF

      2601 Leora Ln, Unit 509

      CONDOMINIUM OFFICES • 1,738 SF
      2601 Leora Ln, The Colony, TX 75056
      View Details
    • Value Estimation by Request
      1,412 SF

      2601 Leora Ln, Unit 511

      CONDOMINIUM OFFICES • 1,412 SF
      2601 Leora Ln, The Colony, TX 75056
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,118 SF

      Lewisville Flex Space For Sale

      High-end flex space in premium location, built in 2022.
      2601 E State Highway 121, Lewisville, TX 75056
      View Details
    • Contact for pricing

      Versatile Commercial Property For Sale

      Commercial property with retail, office, and service use potential.
      2345 State Highway 121, Lewisville, TX 75056
      View Details
    • $1,990,000
      1.74 Acres

      Lewisville Commercial Property For Sale

      Versatile commercial property with retail, office, and service use potential.
      2345 State Highway 121, Lewisville, TX 75056
      View Details
    • $720,000
      0.04 Acres

      Single-Tenant Office Condo on SH 121

      High-visibility office condo with stable tenant and renewal potential.
      4815 State Highway 121, The Colony, TX 75056
      View Details
    • $320,000
      0.29 Acres

      Residential Lot in Garza Lake

      Premium lot for custom home in The Colony, Texas.
      4595 Haven Hill Dr, The Colony, TX 75056
      View Details
    • Contact for pricing
      78,776 SF

      Land Bordered by Mature Neighborhoods

      Land with access to major highways and entertainment destinations.
      5640 Squires Dr, The Colony, TX 75056
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      15,019 SF

      Prime Lewisville Office/Warehouse

      Modern flex space, ideal location.
      2601 State Highway 121, Lewisville, TX 75056
      View Details
    • $11 SF/Yr
      18,154 SF

      The Colony Warehouse Space Available

      18,154 SF warehouse space available for sublease.
      4101 Memorial Dr, The Colony, TX 75056
      View Details
    • Contact for pricing

      The Colony Industrial Sublease

      Industrial sublease in The Colony, TX, available through February 2028.
      4101 Live Oak Dr, The Colony, TX 75056
      View Details
    • $19 SF/Yr
      333,757 SF

      Finished Flex Space in Lewisville

      Modern flex space with upscale amenities in a high-traffic location.
      2601 E State Highway 121, Lewisville, TX 75056
      View Details
    • Contact for pricing

      The Colony Warehouse Space

      141,500 sqft warehouse space available for lease.
      4001 Main St, The Colony, TX 75056
      View Details
    • Contact for pricing
      54,434 SF

      The Colony Warehouse Space

      54,434 SF warehouse space available for lease.
      4000 Main St, The Colony, TX 75056
      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 75056
    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, 75056
    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!