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

    1854 Lakepointe Dr Lewisville, TX 75057

    • Medical offices
    • 2.47 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2109069
    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

    • Thomas E Piwonka PA: Piwonka Thomas E MD / Anesthesiologist
    • Dallas Procedure Center. DPC / Surgical Center
    • Camillo Donald / Anesthesiologist
    • Cheap Auto Insurance / Surgical Center

    Property Details for 1854 Lakepointe Dr

    Year built
    2002
    Lot size
    2.47 lot acres
    Property type
    Medical offices
    APN
    R237515

    Description

    This exceptional investment opportunity presents a 19,441-square-foot, single-tenant medical office building located at 1854 Lakepointe Dr, Lewisville, TX 75057. The property, built in 2002 and situated on a 2.47-acre lot (APN R237515), is currently 100% occupied under a long-term, Net Net Net (NNN) lease with Dallas Procedure Center (DPC), commencing September 12, 2024, and expiring September 11, 2034. The fee-simple ownership offers stable, passive income for investors. The building features extensive renovations, including a new security camera system, upgraded electrical service, a diesel-powered emergency generator, six HVAC rooftop units, and a new roof. The interior boasts six pre-operating beds, six operating rooms, and twelve recovery beds. This prime location in the Dallas-Fort Worth metroplex, directly off Interstate 35 with high traffic volume (over 200,000 vehicles per day), offers exceptional visibility and accessibility. Its proximity to Lewisville Regional Hospital and Carrollton Regional Medical Center (within 4 miles) and other major medical facilities (within 10 miles) further enhances its value. Lewisville, TX, boasts a population exceeding 230,000 within a five-mile radius, ensuring a strong and growing patient base. This stabilized investment presents a rare opportunity for long-term, secure returns.

    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
    -96.97998
    Latitude
    33.0172616

    Comparable in this City

    • $1,450,000
      7,186 SF

      Lewisville Office Building Investment

      High-yield multi-tenant office property.
      915-921 Mill St, Lewisville, TX 75057
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    • $1,500,000
      5,500 SF

      Lewisville Flex Space Investment

      5,500 SF Flex Building, Old Town
      537 Kealy Ave, Lewisville, TX 75057
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      6,146 SF

      Free Standing Office Building

      6146 SF office building, investment or owner-occupied opportunity.
      206 Elm St, Lewisville, TX 75057
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    • $1,150,000
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      Mixed-Use Property on Main Street

      Commercial property with residential and office spaces in Lewisville.
      310 E Main St, Lewisville, TX 75057
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    • $1,295,000
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      Multi-Tenant Office Building in Lewisville

      Multi-tenant office property near Old Town Lewisville, offering consistent rental income.
      915-921 N Mill St, Lewisville, TX 75057
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    • $2,500,000

      Versatile Building in Prime Location

      12,000 SF building suitable for various uses in Lewisville.
      325 S Cowan Ave, Lewisville, TX 75057
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    Similar Nearby for Sale

    • $1,150,000
      0.86 Acres

      Mixed-Use Property on Main Street

      Commercial property with residential and office spaces in Lewisville.
      310 E Main St, Lewisville, TX 75057
      View Details
    • $1,500,000
      5,500 SF

      Lewisville Flex Space Investment

      5,500 SF Flex Building, Old Town
      537 Kealy Ave, Lewisville, TX 75057
      View Details
    • Contact for pricing
      6,146 SF

      Free Standing Office Building

      6146 SF office building, investment or owner-occupied opportunity.
      206 Elm St, Lewisville, TX 75057
      View Details
    • $1,450,000
      7,186 SF

      Lewisville Office Building Investment

      High-yield multi-tenant office property.
      915-921 Mill St, Lewisville, TX 75057
      View Details
    • $1,295,000
      0.42 Acres

      Multi-Tenant Office Building in Lewisville

      Multi-tenant office property near Old Town Lewisville, offering consistent rental income.
      915-921 N Mill St, Lewisville, TX 75057
      View Details
    • $2,500,000

      Versatile Building in Prime Location

      12,000 SF building suitable for various uses in Lewisville.
      325 S Cowan Ave, Lewisville, TX 75057
      View Details

    Similar Nearby for Lease

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

      Prime Medical/Office Suites in Lewisville, TX
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      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
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    • $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
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      2,880 SF

      Medical Office Space Near Hospital

      Office space for rent near Medical City Lewisville Campus.
      560 W Main St, Lewisville, TX 75057
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    • 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

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      2.0k
    • Avg Time on site
      13 min
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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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