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

    405 State Highway 121 Byp Lewisville, TX 75067

    • Office space
    • 15,490 SF
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2100740
    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

    • Wholesome Clinic / Mental Health Clinic / Medical Clinic
    • Dr. Deborah Cantrell / Neurologist / Psychiatrist
    • Agilewit Solutions Inc / Software Company / Consultant
    • Sophie Grace Industries, Inc. of Texas / Engineering Consultant
    • Foci Loans LLC / Mortgage Broker

    Property Details for 405 State Highway 121 Byp

    Property size
    15,490 SF
    Property type
    Office space
    Property subtype
    Coworking space

    Description

    This Class A, 15,490 square foot office building in Lewisville, Texas, offers a variety of flexible workspace solutions. Located at 405 State Highway 121 Bypass Suite A250, this two-story building boasts 350 suites, with 5,970 square feet currently vacant. The property underwent renovations in 2019 and features modern amenities including elevators. Space is available in various configurations, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. The building is situated in a thriving commercial district with convenient access to Texas 121 tollway and DFW International Airport, offering excellent connectivity. The property's attractive design includes landscaped grounds and a bright atrium. Nearby amenities include restaurants and hotels, providing convenience for tenants and their clients. This property is ideal for businesses seeking executive office space, coworking arrangements, or creative office environments. The building's location in Denton County, Texas, zip code 75067, provides a strategic advantage for businesses seeking a presence in this dynamic area. The property is categorized as Executive Office, Coworking, Creative Office, Professional, and Traditional office space, catering to a wide range of business needs.

    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
    -96.9960925
    Latitude
    33.0067086

    Comparable in this City

    • $500 /Mo
      100,624 SF

      Coworking Office Space For Rent

      Small office in coworking space, high visibility location.
      2681 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • $750 /Mo
      100,624 SF

      Coworking Office Space Available

      Small office in coworking space with upgraded finishes and utilities.
      2681 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • $15 SF/Yr
      119,362 SF

      Class A Office Space Available

      Sublease opportunity with modern finishes and ample parking.
      750 State Highway 121, Lewisville, TX 75067
      View Details
    • $19 SF/Yr
      1,855 SF

      Lewisville Office/Medical Space For Rent

      Office or medical space available for lease in Lewisville.
      1422 W Main St, Lewisville, TX 75067
      View Details
    • Contact for pricing
      2,342 SF

      Professional Office Space Available

      Office space featuring private offices, reception area, and conference room.
      105 Kathryn Dr, Lewisville, TX 75067
      View Details
    • $22 SF/Yr
      8,596 SF

      Edmonds Square Office Suites

      Lewisville, TX Office Space Available
      522 Edmonds Ln, Lewisville, TX 75067
      View Details

    Similar Nearby for Sale

    • $1,333,650
      2,615 SF

      Lewisville Creative Office Condo

      Modern Office Condo, TX-121 Frontage
      2550 Tx-121, Lewisville, TX 75067
      View Details
    • $325,000
      0.35 Acres

      Charming Converted Home Office Space

      Versatile commercial space in Lewisville, ideal for various businesses.
      150 Bellaire Blvd, Lewisville, TX 75067
      View Details
    • $879,800
      0.17 Acres

      Lewisville Duplex Office For Sale

      Duplex office suites available for purchase in Lewisville, Texas.
      2785 Rockbrook Dr, Lewisville, TX 75067
      View Details
    • $1,500,000
      2.22 Acres

      Luxury Office Condos in Lewisville

      Boutique office condos in a rapidly evolving mixed-use corridor.
      I-35 E Dr, Lewisville, TX 75067
      View Details
    • Contact for pricing
      1,676 SF

      Lewisville Office Condo - Turnkey

      Modern Office/Medical Condo, 1676 SF
      326 Edmonds Ln, Lewisville, TX 75067
      View Details
    • $820,000
      2,607 SF

      2601 Tx-121, Lewisville, TX 75067

      Industrial properties • 2,607 SF
      2601 Tx-121, Lewisville, TX 75067
      View Details

    Similar Nearby for Lease

    • $500 /Mo
      100,624 SF

      Coworking Office Space For Rent

      Small office in coworking space, high visibility location.
      2681 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • $750 /Mo
      100,624 SF

      Coworking Office Space Available

      Small office in coworking space with upgraded finishes and utilities.
      2681 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • $22 SF/Yr
      8,596 SF

      Edmonds Square Office Suites

      Lewisville, TX Office Space Available
      522 Edmonds Ln, Lewisville, TX 75067
      View Details
    • $32 SF/Yr
      1,300 SF

      Professional Office Space Available

      Unoccupied office condominium in high-traffic Lewisville location for lease.
      2600 Macarthur Blvd, Lewisville, TX 75067
      View Details
    • Contact for pricing
      3,965 SF

      Professional Office Space Available

      Second floor office space available for rent.
      190-194 Civic Cir, Lewisville, TX 75067
      View Details
    • $18 SF/Yr
      34,266 SF

      Lewisville Office Space Available

      Office space available for lease in Lewisville, Texas.
      2850 Lake Vista Dr, Lewisville, TX 75067
      View Details
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    405 State Highway 121 Byp
    Lewisville, TX 75067
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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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