326 Edmonds LnLewisville, TX 75067

Property Details for 326 Edmonds Ln

Year built

1987

Lot size

0.20 AC

Property size (Sq ft)

2,386 SF

Property type

Office properties

APN

R657583

APU

R657583

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $436,588

  6.5%

  $403,004

  7%

  $374,218

• Comparable approach

  Method

  Valuation

  Relative Method

  $287,915

  Geo Method

  $287,084

• Alternative Use

  Use

  Valuation

  Residential

  $499,725

  Hospitality

  $457,746

  Educational

  $380,839

  Medical

  $393,937

  Retail

  $592,416

Location Insight

City

Lewisville

County

Denton

State

Texas

Latitude

33.0445

Longitude

-97.0094

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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