537 Kealy Ave Lewisville, TX 75057
- Commercial real estate
- 5,500 SF
- 0.39 lot acres
Current Use by Public Records
- Old Town Pool and Patio / Swimming Pool Contractor
Property Details for 537 Kealy Ave
- Lot size
- 0.39 lot acres
- Property size
- 5,500 SF
- Property type
- Commercial real estate
- APN
- R767324
- APU
- R767324
Description
This exceptional 5,500 square foot industrial flex space presents a unique investment opportunity in the heart of Old Town Lewisville, Texas. Strategically located on a 0.4-acre corner lot, this property boasts unparalleled visibility and accessibility, situated just blocks from Main Street and benefiting from excellent roadway exposure. The building offers a flexible layout, featuring approximately 2,900 square feet of finished space ideal for offices or open work areas. The remaining area comprises a large garage space with a front garage door, perfectly suited for light industrial, retail, or service-based businesses. This adaptable space allows for build-to-suit options, enabling customization to meet specific business needs, whether it involves adding office areas, HVAC systems, or bespoke finishes. Security is enhanced by a gated parking area accommodating 10-12 vehicles, along with additional secure yard storage space. The property's location within an Opportunity Zone adds significant investment appeal. This prime location offers easy access to the vibrant atmosphere of historic downtown Lewisville, making it an ideal choice for businesses seeking a high-profile presence in a thriving community. The asking price for this exceptional property is $1,500,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $470,000
- 6.5%
- $470,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $495,000
- Retail
- $505,000
- Mixed-Use
- $465,000
- Hospitality
- $450,000
- Educational
- $500,000
- Residential Income
- $425,000
- Energy
- $505,000
- Income-Based Land
- $375,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Lewisville
- County
- Denton
- State
- Texas
- Longitude
- -96.9931
- Latitude
- 33.0423
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA