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Property profile & analytics
OFF-MARKET
Office Spaces

189 Elm St Lewisville, TX 75057

7,163 SF 0.46 ac lot Built 1984
Entity Owned 7-yr Hold
Property ID
US83-2055869
Property summary
AI-generated overview

This well-maintained, 7,163 square foot office complex is ideally situated in the heart of downtown Lewisville, Texas. The property sits on a 0.46-acre lot and presents a unique investment opportunity for both owner-occupants and investors seeking a strong return. The building's design incorporates convenient parking directly in front of each individual suite, ensuring easy access and ample space for tenants and visitors. Its central downtown location offers excellent visibility and accessibility, placing it within close proximity to various amenities, businesses, and transportation routes. The property's current condition is described as well-maintained, suggesting minimal immediate capital expenditure requirements. This makes it an attractive prospect for those seeking a turnkey investment or a ready-to-occupy office space. The asking price of $1,099,900 reflects the property's prime location, desirable features, and potential for strong rental income. This is a rare opportunity to acquire a well-positioned office complex in a thriving Texas market. Serious inquiries are encouraged to explore this promising investment further.

Property profile
Verified
Property type Office Spaces
Year built 1984
Total area 7,163 SF
Lot 0.46 ac (20,038 SF)
UPID US83-2055869
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Odle Lloyd D Law Firm
  • Crowley Collectibles (Bike/Boat/Book/etc) Store Arcade & Gaming Center
  • Theo’s Roast Cafe & Coffee Shop Specialty Food Shop
  • Master Restoration Guys Hardware & Home Improvement Construction Company
  • Jim Hughes Co Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Old Town Suites LLC · 7 yrs held
Old Town Suites LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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