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Elm Center 206 Elm St 6,146 SF 100% Leased Office Building Lewisville, TX 75057 $1,178,800 ($191.80/SF) 6% Cap Rate
Investment Highlights
- Great Investment or User Opportunity, Seller will lease back or vacate after closing if preferred
Executive Summary
This is a 6146 SF , designed with 4 suites. Currently the seller occupies 3184 SF and there are two additional suites totaling 2962 SF that are currently leased with short term lengths from 24-36 months. Seller is willing to lease back for 12 months after closing or vacate if preferred, making this a great investment or user occupied opportunity. For more information please contact Larry Rose with Stewart-Rose Properties for more information or call at 972-921-7579
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,482
|
$16.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,482
|
$16.19
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$28,754
|
$4.68
|
| Net Operating Income |
$70,728
|
$11.51
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $99,482 |
| Annual Per SF | $16.19 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,482 |
| Annual Per SF | $16.19 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $28,754 |
| Annual Per SF | $4.68 |
| Net Operating Income | |
|---|---|
| Annual | $70,728 |
| Annual Per SF | $11.51 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
6,146 SF
Building Class
C
Year Built
1985
Price
$1,178,800
Price Per SF
$191.80
Cap Rate
6%
NOI
$70,728
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,146 SF
Building FAR
0.15
Lot Size
0.96 AC
Opportunity Zone
Yes
Zoning
GB - General Business
Parking
40 Spaces (6.51 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | R121082 | Improvements Assessment | $456,344 (2025) |
| Land Assessment | $318,656 (2025) | Total Assessment | $775,000 (2025) |
Property Taxes
Parcel Number
R121082
Land Assessment
$318,656 (2025)
Improvements Assessment
$456,344 (2025)
Total Assessment
$775,000 (2025)
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Elm Center | 206 Elm St
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