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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1825 Lakeway Dr Lewisville, TX 75057

    • Medical offices
    • 75,087 SF
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2099172
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cardinal Tracking, Inc. / Software Company
    • Cross Point Agency / Federal Government Office
    • Dallas Service Training Center / School
    • Martin Marietta Aggregates / Corporate Campus
    • Texas Online Preparatory School / School / High School

    Property Details for 1825 Lakeway Dr

    Year built
    2002
    Property size
    75,087 SF
    Property type
    Medical offices

    Description

    This Class A medical office building, Waters Ridge Tech Center III, located at 1825 Lakeway Dr, Lewisville, TX 75057, offers exceptional opportunities for medical practices seeking flexible and modern space. Built in 2002, the building boasts a total of 75,087 square feet, with 15,543 square feet currently vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 5,157 square feet to a maximum contiguous space of 10,386 square feet. The building features 100% air-conditioned office spaces with tenant-controlled 24/7 climate settings. Enjoy floor-to-ceiling windows offering ample natural light and views, complemented by a shared courtyard. On-site signage opportunities are also available. Conveniently located in Denton County, the property provides a 5:1,000 parking ratio, ensuring ample parking for staff and patients. This prime location in Lewisville offers easy access to major transportation routes and a thriving medical community. The building's modern design and amenities make it an ideal setting for a variety of medical practices. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lewisville
    County
    Denton
    State
    Texas
    Longitude
    -96.9748558
    Latitude
    33.0181395

    Comparable in this City

    • $18 SF/Yr
      3,613 SF

      Lewisville Office Space: Main St.

      Prime Medical/Office Suites in Lewisville, TX
      541 Main St, Lewisville, TX 75057
      View Details
    • Contact for pricing
      2,880 SF

      Medical Office Space Near Hospital

      Office space for rent near Medical City Lewisville Campus.
      560 W Main St, Lewisville, TX 75057
      View Details
    • Contact for pricing
      14,500 SF

      Lewisville Office Space For Rent

      Office space available near Medical City Lewisville.
      500 Richland St, Lewisville, TX 75057
      View Details
    • Contact for pricing
      3,171 SF

      Medical Office Space For Rent

      Medical office space attached to Medical City of Lewisville.
      500 W Main St, Lewisville, TX 75057
      View Details
    • $1,600 /Mo
      44 SF

      Luxury Office in Lewisville, TX

      Luxury office space ideal for medical or professional use.
      870 Hebron Pkwy, Lewisville, TX 75057
      View Details
    • Contact for pricing
      218 SF

      Lewisville Office Space For Rent

      Office space available in Lewisville, all utilities included.
      896 N Mill St, Lewisville, TX 75057
      View Details

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      Lewisville Flex Space Investment

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      6,146 SF

      Free Standing Office Building

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      Versatile Building in Prime Location

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Lewisville Office Space: Main St.

      Prime Medical/Office Suites in Lewisville, TX
      541 Main St, Lewisville, TX 75057
      View Details
    • Contact for pricing
      3,171 SF

      Medical Office Space For Rent

      Medical office space attached to Medical City of Lewisville.
      500 W Main St, Lewisville, TX 75057
      View Details
    • Contact for pricing
      14,500 SF

      Lewisville Office Space For Rent

      Office space available near Medical City Lewisville.
      500 Richland St, Lewisville, TX 75057
      View Details
    • Contact for pricing
      2,880 SF

      Medical Office Space Near Hospital

      Office space for rent near Medical City Lewisville Campus.
      560 W Main St, Lewisville, TX 75057
      View Details
    • $1,600 /Mo
      44 SF

      Luxury Office in Lewisville, TX

      Luxury office space ideal for medical or professional use.
      870 Hebron Pkwy, Lewisville, TX 75057
      View Details
    • Contact for pricing
      218 SF

      Lewisville Office Space For Rent

      Office space available in Lewisville, all utilities included.
      896 N Mill St, Lewisville, TX 75057
      View Details
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    Lewisville, TX 75057
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    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
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