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Property profile & analytics
OFF-MARKET
Office Spaces

326 Edmonds Ln Lewisville, TX 75067-3580

2,386 SF 0.2 ac lot Built 1987
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-1830302
Property summary
AI-generated overview

This turnkey 1,676 square foot Class B office/medical condo in Lewisville, Texas, is situated on a 0.039-acre lot (APN 676872). Built in 1987 and completely remodeled, it features a sleek, modern design with dark accents and includes all furniture, technology, and fixtures. The layout is highly functional, encompassing a reception area, waiting room, multiple offices (including a loft area), a six-plus person conference room, and a kitchenette. Currently leased under a triple-net (NNN) agreement with annual 4% rental escalations until 5/31/2027, this property presents a compelling investment opportunity for owner-users or passive investors seeking a 1031 exchange. The NNN expenses are approximately $11.46 per square foot, inclusive of a $479 monthly HOA fee. Its prime location near the intersection of W. Main Street and I-35E offers easy access to Lewisville and surrounding areas, with proximity to schools and numerous amenities. The property is ideal for various uses, including traditional office space, medical offices, and off-site storage. Minimal to no capital improvements are required. This single-unit property offers a rare opportunity in a high-barrier-to-entry market.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1987
Total area 2,386 SF
Lot 0.2 ac (8,725 SF)
APN R657583
UPID US83-1830302
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
  • Lewisville Family Dentistry: Samuel Sarah DDS Dental Office
  • Dr. Kelly Reed Alternative Medicine Practice
  • Dr. Randy G. Seely, DDS Dental Office
  • lewisville kids dentistry Dental Office
  • Kelly Andre Reed Alternative Medicine Practice
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
Optomed LLC · 8 yrs held
Optomed LLC
since 2017
5 recorded transactions
2017
Price N/A
2017
Price N/A
2016
Price N/A
2016
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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