326 Edmonds Ln Lewisville, TX 75067-3580
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.