Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    550 W Round Grove Rd Lewisville, TX 75067

    • Flex space
    • 26,539 SF
    For Lease
    View listing
    $3,100 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2045345
    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

    • Project Transcend Fitness & Recovery / Fitness Center

    Property Details for 550 W Round Grove Rd

    Year built
    2023
    Property size
    26,539 SF
    Property type
    Flex space
    Property subtype
    Distribution centers

    Description

    This exceptional 26,539-square-foot flex warehouse building in Denton County is perfectly suited for small businesses seeking a versatile workspace. Completed in 2023, this single-tenant property sits on a generous 6.58-acre lot and offers 19 individual suites, each featuring a blend of office and warehouse space. Phase 1 of this development comprises 28,540 square feet of rentable area, with the smallest unit measuring 1,480 square feet. All 19 suites can be combined for a total of 26,539 square feet, providing flexibility for businesses of varying sizes. Each suite includes a finished office area (minimum 160 sq ft), a restroom, a warehouse area, and a 14-foot-high roll-up door for convenient loading and unloading. The building's design incorporates contractor garages, making it particularly well-suited for businesses in the construction or related industries. Lease terms are flexible, ranging from one to ten years, with a monthly rental rate of $3100 per suite. Construction is nearing completion, with occupancy expected within one month. This property presents a unique opportunity to secure modern, efficient, and adaptable space in a prime Denton County location.

    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
    -97.0073439
    Latitude
    33.0041364

    Comparable in this City

    • Contact for pricing
      81 SF

      Logistics Park Space For Lease

      Distribution and warehouse space available for lease in Lewisville, TX.
      500 W Vista Ridge Mall Dr, Lewisville, TX 75067
      View Details
    • $3,100 /Mo
      286,538 SF

      Lewisville Warehouse and Office Suites

      Industrial flex space with office and warehouse suites for lease.
      550 W Round Grove Rd, Lewisville, TX 75067
      View Details
    • Contact for pricing
      167,372 SF

      Lewisville Distribution Center Opportunity

      Class A warehouse and logistics facility in North DFW Airport.
      2555 S Valley Pkwy, Lewisville, TX 75067
      View Details
    • $22 SF/Yr

      Warehouse-Office Space in Growing Area

      New 2,193 SF warehouse-office space in a prime location.
      2601 Tx-121 510, Lewisville, TX 75067
      View Details
    • $22 SF/Yr
      333,670 SF

      Lewisville Warehouse-Office Space For Lease

      New contemporary warehouse-office complex in a rapidly growing area.
      2601 Tx-121, Lewisville, TX 75067
      View Details
    • Contact for pricing
      92,468 SF

      Lewisville Warehouse Space Available

      92,468 SF warehouse space for lease in Lewisville, TX.
      S Valley Pkwy, Lewisville, TX 75067
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      68,306 SF

      Lewisville Warehouse with 32' Clearance

      60,000 SF warehouse space with 32' clear height.
      420 Oakbend 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
    • $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
    • $1,333,650
      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

    Similar Nearby for Lease

    • Contact for pricing
      81 SF

      Logistics Park Space For Lease

      Distribution and warehouse space available for lease in Lewisville, TX.
      500 W Vista Ridge Mall Dr, Lewisville, TX 75067
      View Details
    • $3,100 /Mo
      286,538 SF

      Lewisville Warehouse and Office Suites

      Industrial flex space with office and warehouse suites for lease.
      550 W Round Grove Rd, Lewisville, TX 75067
      View Details
    • Contact for pricing
      167,372 SF

      Lewisville Distribution Center Opportunity

      Class A warehouse and logistics facility in North DFW Airport.
      2555 S Valley Pkwy, Lewisville, TX 75067
      View Details
    • $22 SF/Yr

      Warehouse-Office Space in Growing Area

      New 2,193 SF warehouse-office space in a prime location.
      2601 Tx-121 510, Lewisville, TX 75067
      View Details
    • $22 SF/Yr
      333,670 SF

      Lewisville Warehouse-Office Space For Lease

      New contemporary warehouse-office complex in a rapidly growing area.
      2601 Tx-121, Lewisville, TX 75067
      View Details
    • Contact for pricing
      92,468 SF

      Lewisville Warehouse Space Available

      92,468 SF warehouse space for lease in Lewisville, TX.
      S Valley Pkwy, Lewisville, TX 75067
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    550 W Round Grove Rd
    Lewisville, TX 75067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.